Smith and T Co. is expected to generate a free cash flow (FCF) of $5,145.00 million this year (FCF = $5,145.00 million), and the FCF is expected to grow at a rate of 25.00% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 3.90% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Smith and T Co.s weighted average cost of capital (WACC) is 11.70%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.)

$15,528.89 million

$92,365.20 million

$122,613.25 million

$110,838.24 million

Smith and T Co.s debt has a market value of $69,274 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 600 million shares of common stock outstanding, what is Smith and T Co.s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.)

$42.33

$37.49

$38.49

$115.46