Acme Corp. is expected to generate a free cash flow $(FCF$ of $$11,540\mathrm{.}00$ million this year million$),$ and the $FCF$ is expected to

grow at a rate of $26\mathrm{.}20\%$ over the following two years and $\{$:$FC{F}_3).$ After the third year, however, the $FCF$ is expected to grow at a constant rate of

$4\mathrm{.}26\%$ per year, which will last forever $(FC{F}_4).$ Assume the firm has no nonoperating assets. If Acme Corp.$\text{'}$s weighted average cost of capital $($WACC$)$

is $12\mathrm{.}78\%,$ what is the current total firm value of Acme Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$229,536\mathrm{.}22$ million

$$259,401\mathrm{.}33$ million

$$34,494\mathrm{.}52$ million

$$191,280\mathrm{.}18$ million

Acme Corp.$\text{'}$s debt has a market value of $$143,460$ million, and Acme Corp. has no preferred stock. If Acme Corp. has $300$ million shares of common

stock outstanding, what is Acme Corp.$\text{'}$s estimated intrinsic value per share of common stock? $($Note: Round all intermediate calculations to two

decimal places.$)$

$$158\mathrm{.}40$

$$478\mathrm{.}20$

$$175\mathrm{.}34$

$$159\mathrm{.}40$