Question 28 (1 point) You have been assigned the task of using the corporate, or free cash flow, model to estimate Petry Corporation's intrinsic value. The firm's WACC is 10.00%, its end-of-year free cash flow (FCF) is expected to be $70.0 million, the FCFs are expected to grow at a constant rate of 5.00% a year in the future, the company has $200 million of long-term debt and preferred stock, and it has 30 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? O a) 534.40 b) $40.00 OC) $49.60 d) $36.80 e) $48.80 Question 29 (1 point) Based on the corporate valuation model, Wang Inc.'s total corporate value is $750 million. Its balance sheet shows $100 million notes payable, 5200 million of long-term debt, $40 million of common stock (par plus paid-in-capital). and 5160 million of retained earnings. What is the best estimate for the firm's value of equity, in millions? a) $450 b) $360 o OC) $531 o o O d) 8522 e) 5423 o