Smith and T Co. is expected to generate a free cash flow (FCF) of $14,505.00 million this year (FCF = $14,505.00 million), and the FCF is expected to grow at a rate of 19.00% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.10% per year, which will last forever (FCF). 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.)

$46,021.56 million

$545,352.04 million

$554,075.36 million

$461,729.47 million

Smith and T Co.s debt has a market value of $346,297 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 450 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.)

$255.52

$769.55

$282.17

$256.52