Question 2 (1 point) Smith Inc. has FCF at year 0 of $24 million. Its WACC is 11%. Growth rate of 5% is expected to be constant forever. Short-Term investment is $100 million, Debt is $200 million and Preferred Stock is $50 million. Number of shares outstanding is 10 million shares. What is Smith Inc. value of operation? What is intrinsic value per share? 1) $420 million $30. 2) $420 million, $27. 3) $1080 million $31. 4) $550 million$27