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Smith and TC0, is expected to generate a free cash flow ( FCF) of $1,005.00 million this year ( FCF1=$1,005.00 million), and the FCF is

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Smith and TC0, is expected to generate a free cash flow ( FCF) of $1,005.00 million this year ( FCF1=$1,005.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years ( FCF2 and FCF3 ). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever ( FCF4 ). If Smith and T Co.'s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Smith and T Co.? (Hint: You can assume that the firm does not have any nonoperating assets on its balance sheet.) $24,288.39 million $29,146,07 million $30,126.97 miltion $3,124.67 miltion Smith and T Co.'s debt has a market value of $18,216 million, and Smth and T Co. has no preferred stock. If Smith and T Co. has 225 milion shares of common stock outstanding, what is Smith and T Co.'s estimated intrinsic value per share of common stock? $29.69 $80.96 $26.99 $25.99

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