More on the corporate valuation model

Lex Corp. is expected to generate a free cash flow $($FCF$)$ of $$4,395\mathrm{.}00$ million this year $($FCF$=$ $$4,395\mathrm{.}00$ million$),$ and the FCF is expected to grow at a rate of $21\mathrm{.}40\%$ over the following two years $($FCF$$ and FCF$).$ After the third year, however, the FCF is expected to grow at a constant rate of $2\mathrm{.}82\%$ per year, which will last forever $($FCF$).$ Assume the firm has no nonoperating assets. If Lex Corp.$$s weighted average cost of capital $($WACC$)$ is $8\mathrm{.}46\%,$ what is the current total firm value of Lex Corp.? $($Note: Round all intermediate calculations to two decimal places.$)$

$$13,664\mathrm{.}60$ million

$$106,216\mathrm{.}57$ million

$$127,459\mathrm{.}88$ million

$$131,749\mathrm{.}53$ million

Lex Corp.$$s debt has a market value of $$79,662$ million, and Lex Corp. has no preferred stock. If Lex Corp. has $375$ million shares of common stock outstanding, what is Lex Corp.$$s estimated intrinsic value per share of common stock? $($Note: Round all intermediate calculations to two decimal places.$)$

$$69\mathrm{.}81$

$$212\mathrm{.}43$

$$77\mathrm{.}89$

$$70\mathrm{.}81$