Answer the following questions using Exhibits 31 through 35 on Microsoft:

i. Estimate post-cannibalization global PC shipments in FY2012 assuming a cannibalization factor for consumers of 40% and 15% for non-consumers.

ii. Using the results derived in Question 1, estimate the post-cannibalization revenue in FY2012 for Microsoft.

iii. Using the estimate for post-cannibalization revenue derived in Question 2 and the cost structure provided, estimate post-cannibalization operating income and operating margin in FY2012 for Microsoft. Assume that fixed costs change at half the rate of the change in sales.

iv. Using the estimate for operating income derived in Question 3 and the data in the exhibits, calculate the expected post-cannibalization EPS in FY2012 for Microsoft.

Assume that other income (expense), the effective tax rate, and the diluted weighted average shares outstanding provided for FY2011 remain constant in FY2012.