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Smith and T Co. is expected to generate a free cash flow (FCF) of $8,030.00 million this year (FCF 1=$8,030.00 million), and the FCF is
Smith and T Co. is expected to generate a free cash flow (FCF) of $8,030.00 million this year (FCF 1=$8,030.00 million), and the FCF is expected to grow at a rate of 19.00% over the following two years (FCF 2 and FCF3). After the third year, however, the FCF, is expected to grow at a constant rate of 2.10% per year, which will last forever (FCF4). Assume the firm has no nonoperating assets. If Smith and T Co.'s weighted average cost of capital (WACC) is 6.30%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.) $306,737.35 million $255,614.46 million $25,477.63 million $301,908.11 million Smith and T Co.'s debt has a market value of $191,711 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 675 million shares of common stock outstanding, what is Smith and T Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $104.14$93.67$284.02$94.67
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