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Globex Corp. is expected to generate a free cash flow (FCF) of $8,300.00 million this year (FCF = $8,300.00 million), and the FCF is
Globex Corp. is expected to generate a free cash flow (FCF) of $8,300.00 million this year (FCF = $8,300.00 million), and the FCF is expected to grow at a rate of 25.00% over the following two years (FCF2 and FCF 3). After the third year, however, the FCF is expected to grow at a constant rate of 3.90% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Globex Corp.'s weighted average cost of capital (WACC) is 11.70%, what is the current total firm value of Globex Corp.? (Note: Round all intermediate calculations to two decimal places.) $25,051.47 million $178,806.20 million $149,005.17 million $197,801.85 million Globex Corp.'s debt has a market value of $111,754 million, and Globex Corp. has no preferred stock. If Globex Corp. has 450 million shares of common stock outstanding, what is Globex Corp.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $81.78 $248.34 $91.06 $82.78
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