Spandust Industries Inc. has an expected net operating profit after taxes, EBIT (1-T), of $13,600 million in the coming year. In addition, the firm is expected to have net capital expenditures of $2,040 million, and net operating working capital (NOWC) is expected to increase by $40 million. How much free cash flow (FCF) is Spandust Industries Inc. expected to generate over the next year?

A) $11,600 million B) $251,077 million C) $15,600 million D) $11,520 million

Spandust Industries Inc.'s FCFs are expected to grow at a constant rate of 3.90% per year in the future. The market value of Spandust Industries Inc.'s outstanding debt is $66,462 million, and preferred stock's value is $36,923 million. Spandust Industries Inc. has 600 million shares of common stock outstanding, and its weighted average cost of capital (WACC) equals 11.70% Using the preceding information and the FCF you calculated in the previous question, calculate the appropriate values in this table.

1. Total firm value: A) $295,384.62 million B) $568,042.44 million C) $98,461.54 D) $147,692.31

2. Value of common equity: A) $81,230.31 million B) $80,630.31 million C) $44,307.31 million D) $110,769.31 million

3. Intrinsic value per share: A) $184.62 million B) $135.38 million C) $134.38 million $73.85 million