More on the corporate valuation model

Lex Corp. Is expected to generate a free cash flow $($FCF$)$ of $$6,415\mathrm{.}00$ million this year $(FC{F}_1=$$$6,415\mathrm{.}00$ million$)$; and the $FCF$ is expected to grow at a rate of $19\mathrm{.}00\%$ over the following two years $(FC{F}_2$ and $FC{F}_3).$ After the third year, however, the FCF is expected to grow at a constant rate of $2\mathrm{.}10\%$ 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 $6\mathrm{.}30\%,$ what is the current total firm value of Lex Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$20,353\mathrm{.}55$ million

$$245,046\mathrm{.}06$ million

$$241,188\mathrm{.}07$ million

$$204,205\mathrm{.}05$ million

Lex Corp.$\text{'}$s debt has a market value of $$153,154$ million, and Lex Corp. has no preferred stock. If Lex Corp. has $675$ 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.$)$

$$83\mathrm{.}19$

$$226\mathrm{.}89$

$$74\mathrm{.}63$

$$75\mathrm{.}63$