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Smith and T Co. is expected to generate a free cash flow (FCF) of $7,435.00 million this year (FCF = $7,435.00 million), and the FCF

Smith and T Co. is expected to generate a free cash flow (FCF) of $7,435.00 million this year (FCF = $7,435.00 million), and the FCF is expected to grow at a rate of 23.80% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 3.54% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Smith and T Co.s weighted average

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