Globo-Chem Co. is expected to generate a free cash flow (FCF) of $1660.00 million this year (FCF1 = 1660.00million), and the FCF is expected to grow at a rate of 22.60% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 3.18% per year, which will last forever (FCF4). If Globo-Chem Co's weighted average cost of capital (WACC) is 9.54%, what is the current total firm value of Globo-Chem Co?

a) $45,588.64 million b) $5,109.87 million c) $35,906.92 million d) $43,088.30

Globo-Chem Co's debt has a market value of $26,930 million, and Galaxy Copr. has no preferred stock. If Galaxy Corp. has 600 million shares of common stock outstanding, what is Globo-Chem Co's estimated intrinsic value per share of common stock?

a) 13.96 b) 14.96 c) 16.46 d) 44.88