$$

More on the corporate valuation model

ABC Telecom Inc. is expected to generate a free cash flow $($FCF$)$ of $$1,320\mathrm{.}00$ million this year $(FCF,=$$$1,320\mathrm{.}00$ million$),$ and the $FCF$ is expected to grow at a rate of $22\mathrm{.}60\%$ 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 $3\mathrm{.}18\%$ per year, which will last forever $(FC{F}_4).$ Assume the firm has no nonoperating assets. If ABC Telecom Inc.$\text{'}$s weighted average cost of capital $($WACC$)$ is $9\mathrm{.}54\%,$ what is the current total firm value of ABC Telecom Inc.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$34,262\mathrm{.}93$ million

$$28,552\mathrm{.}44$ million

$$36,251\mathrm{.}15$ million

$$4,063\mathrm{.}26$ million

ABC Telecom Inc.$\text{'}$s debt has a market value of $$21,414$ million, and ABC Telecom Inc. has no preferred stock. If ABC Telecom Inc. has $600$ million shares of common stock outstanding, what is ABC Telecom Inc.$\text{'}$s estimated intrinsic value per share of common stock? $($Note: Round all intermediate calculations to two decimal places.$)$

$$10\mathrm{.}90$

$$13\mathrm{.}09$

$$35\mathrm{.}69$

$$11\mathrm{.}90$