You must estimate the intrinsic value of Petty Corporation's stock. The end-of-year free cash flow (FCF) is expected to be $70 million, and it is expected to grow at a constant rate of 5.0% a year thereafter. The company's WACC is 10.0%, it has $200 million of long-term debt plus preferred stock outstanding, and there are 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? $34.40 $48.80 $49.60 $40.00 $36.80 Question 20 (5 points) Whited Inc.'s stock is expected to pay a dividend of $2.2031 at the end of the year (i.e., D = $2.2031). The dividend is projected to increase at a constant rate of 5.25% per year. The required rate of return on the stock, r, is 11.50%. What is the stock's expected price 5 years from now? Round your intermediate calculations to at least four decimal places. $52.81 $45.53 $47.80 $39.15 $40.06