a. Bailey Breweries most recently reported free cash flow was $250 million and the free cash ow grow at a constant rate of 5% million in debt outstanding, and $200 million in preferred stock. T million shares of common stock outstanding. a. What is the intrinsic value per share of common stock? (3 ure. Bailey has $600 million in liquid, short-term investments, $800 he firm's WACC is 10% and there are 150 in the fut points) Bailey' to common shareholders. smanagement wishes to liquidate $300 million of the short-term investments and distribute the proceeds eainey distributes the $300 million as a dividend, what is the intrinsic value per share of common stock immediately after the dividend is paid? (3 points) If Bailey distributes how many shares will be repurchased? What is the intrinsic value per share of common stock immediately after the repurchase is completed? (4 points) the $300 million in an open market share repurchase completed at the intrinsic value, c