Ryan Enterprises forecasts the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 3.0% rate after Year 3. What is the firm's total corporate value (in millions)? Do not round intermediate calculations Year 1 2 3 FCF -$30.0 $10.0 $35.0 $255.38 milion b. $231.13 million $277.49 million Od 1288 58 milion $248.11 million Assume that interest rates on 20-year Treasury and corporate bonds are as follows: T-bond = 7.72% AAA = 8.72% A-9.64% BBB = 10.18% The differences in these rates were probably caused primarily by: a. Inflation differences. b. Default and liquidity risk differences. c. Tax effects. d. Real risk-free rate differences. e. Maturity risk differences. You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow (FCF) is expected to be $105.0 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 20 million shares of common stock outstanding. Assume the firm has zero non-operating assets. What is the firm's estimated intrinsic value per share of common stock? Do not round intermediate calculations. $105.00 b. $105.50 $100.25 d. $115.00 $95.00