More on the corporate valuation model

Acme Inc. is expected to generate a free cash flow $($FCF$)$ of $$5,070\mathrm{.}00$ million this year $($FCF$=$ $$5,070\mathrm{.}00$ million$),$ and the FCF is expected to grow at a rate of $25\mathrm{.}00\%$ over the following two years $($FCF$$ and FCF$).$ After the third year, however, the FCF is expected to grow at a constant rate of $3\mathrm{.}90\%$ per year, which will last forever $($FCF$).$ Assume the firm has no nonoperating assets. If Acme Inc.$$s weighted average cost of capital $($WACC$)$ is $11\mathrm{.}70\%,$ what is the current total firm value of Acme Inc.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$15,302\mathrm{.}52$ million

$$109,222\mathrm{.}61$ million

$$120,825\mathrm{.}98$ million

$$91,018\mathrm{.}84$ million

Acme Inc.$$s debt has a market value of $$68,264$ million, and Acme Inc. has no preferred stock. If Acme Inc. has $450$ million shares of common stock outstanding, what is Acme Inc.$$s estimated intrinsic value per share of common stock? $($Note: Round all intermediate calculations to two decimal places.$)$

$$151\mathrm{.}70$

$$50\mathrm{.}57$

$$55\mathrm{.}62$

$$49\mathrm{.}57$