Praxis Corp. is expected to generate a free cash flow $($FCF$)$ of $$5,670\mathrm{.}00$ million this year $(F{F}_1=$$$5,670\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 Praxis Corp.$\text{'}$s weighted average cost of capital $($WACC$)$

is $9\mathrm{.}54\%,$ what is the current total firm value of Praxis Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$155,715\mathrm{.}35$ million

$$17,453\mathrm{.}56$ million

$$122,645\mathrm{.}86$ million

$$147,175\mathrm{.}03$ million

Praxis Corp.$\text{'}$s debt has a market value of $$91,984$ million, and Praxis Corp. has no preferred stock. If Praxis Corp. has $375$ million shares of common

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

decimal places.$)$

$$81\mathrm{.}76$

$$80\mathrm{.}76$

$$89\mathrm{.}94$

$$245\mathrm{.}29$