Question 3 (5 points) You must estimate the intrinsic value of Petty Corporation's stock. The end-of-year free cash flow (FCF) is expected to be $70 million, and it is expected to grow at a constant rate of 5.0% a year thereafter. The company's WACC is 10.0%, it has $200 million of long-term debt plus preferred stock outstanding, and there are 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? $34.40 $49.60 $36.80 $40.00 $48.80 Saved