Lex Corp. is expected to generate a free cash flow $(FCF)$ of $$11,540\mathrm{.}00$ million this year million$),$ and the $FCF$ is expected to grow

at a rate of $26\mathrm{.}20\%$ over the following two years and $\{$:$FC{F}_3).$ After the third year, however, the $FCF$ is expected to grow at a constant rate of

$4\mathrm{.}26\%$ per year, which will last forever $(FC{F}_4).$ Assume the firm has no nonoperating assets. If Lex Corp.$\text{'}$s weighted average cost of capital $($WACC$)$ is

$12\mathrm{.}78\%,$ what is the current total firm value of Lex Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$34,494\mathrm{.}52$ million

$$229,536\mathrm{.}22$ million

$$259,401\mathrm{.}33$ million

$$191,280\mathrm{.}18$ million

Lex Corp.$\text{'}$s debt has a market value of $$143,460$ million, and Lex Corp. has no preferred stock. If Lex Corp. has $300$ million shares of common stock

outstanding, what is Lex Corp.$\text{'}$s estimated intrinsic value per share of common stock? $($Note: Round all intermediate calculations to two decimal

places.$)$

$$478\mathrm{.}20$

$$159\mathrm{.}40$

$$175\mathrm{.}34$

$$158\mathrm{.}40$