3) Calculate the intrinsic value of Amazon on a free cash flow basis assuming the following - Use FCF estimates for the next 4 years from Factset 2023 2026 under the cash flow estimates tab be sure you are using annual estimates - the company has $X billion in long-term debt look up under credit analysis DCF overview - the company has $X billion in marketable securities and cash look up in balance sheet for FY 2022 filing under financials - the company has X billion shares outstanding can be found on the overview page note 4,450 million = 4.45 billion try and keep all your measurements in billions (the share valuation will not be in billions) - the WACC is 12% - the company is almost all equity verify the cost of equity using a risk free rate of 3% and a market risk premium of 6.5% - you will need to find the beta a 3 year beta is fine look under prices and risk in Factset (hint your cost of equity per CAPM should be close to 12%) -Free cash flow in year 5 and beyond is expected to grow at 4.0% forever Based on your findings should you buy Amazon today list 2 things that could change your conclusion.