Globo-Chem Co. is expected to generate a free cash flow (FCF) of $1,490.00 million this year (FCF = $1,490.00 million), and the FCF is expected to grow at a rate of 22.60% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 3.18% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. 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.? (Note: Round all intermediate calculations to two decimal places.)

$32,229.68 million

$40,919.89 million

$38,675.62 million

$4,586.56 million

Globo-Chem Co.s debt has a market value of $24,172 million, and Globo-Chem Co. has no preferred stock. If Globo-Chem Co. has 600 million shares of common stock outstanding, what is Globo-Chem Co.s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.)

$12.43

$13.43

$40.29

$14.77