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Lex Corp. is expected to generate a free cash flow (FCF) of $2, 250.00 million this year (FCF_1 = $2, 250.00 million), and the FCF

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Lex Corp. is expected to generate a free cash flow (FCF) of $2, 250.00 million this year (FCF_1 = $2, 250.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years (FCF_2 and FCF_3). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever (FCF_4). If Lex Corp.'s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Lex Corp.? $65, 252.48 million $67, 448.54 million $54, 377.07 million $6, 995.53 million Lex Corp.'s debt has a market value of $40, 783 million, and Lex Corp. has no preferred stock. If Lex Corp. has 675 million shares of common stock outstanding, what is Lex Corp.'s estimated intrinsic value per share of common stock? $60.42 $20.14 $22.15 $19.14

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