[DCF Approach] From Costco's most recent financial statement, we get the free cash flow (FCF) is $3,330M, the Financial liability is $22,977M, the Cash and marketable securities are $7,259M. A respective financial analyst predicts that the WACC is 8%; the 5-year and long-term annual growth rate of FCF is 9.3% (STG) and 5.05% (LTG), respectively. Suppose the shares outstanding is 440M, what is the model implied per-share value of Costco's common equity? $302 $290 $350 $407