Value of firm is equal to the present value of all future free cash flows
= 10,575/(1.0954) + 10,575(1.2260)/(1.0954)2 + 10,575(1.2260)2/(1.0954)3 + 10,575(1.2260)2(1.0318)/(1.0954)3(9.54%-3.18%)
= $228,744.36 million
Less: Value of debt = $171,558 million
Value of Common Equity = $57,186.36 million
Number of shares = 750 million
Intrinsic value per share = $76.25
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