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Smith and T Co. is expected to generate a free cash flow (FCF) of $6,605.00 million this year (FCF 1=$6,605.00 million), and the FCF is
Smith and T Co. is expected to generate a free cash flow (FCF) of $6,605.00 million this year (FCF 1=$6,605.00 million), and the FCF is expected to grow at a rate of 20.20% over the following two years (FCF 2 and FCF 3 ). After the third year, however, the FCF is expected to grow at a constant rate of 2.46% 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 7.38%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.) $219,477.47million$181,253.51million$20,743.93million$217,504.21million Smith and T Co.'s debt has a market value of $135,940 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 375 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.) $362.51$120.84$132.92$119.84
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