Smithson Controls had the following data on its most recent financial reports: FCF=$49 Million; FCF expected to grow at 5%; WACC = 12%; $25 Million in short term investments with plans to liquidate and distribute these funds to shareholders via a stock repurchase; 12 million shares of outstanding common stock; $50 million in preferred stock; no other operating assets; and $300 million in debt. Please address the following:

1. Determine the value of operations.
2. Intrinsic value of equity immediately prior to repurchase.
3. Intrinsic stock price immediately prior to repurchase.
4. The number of shares repurchased, and the number that will remain.