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Assume that Ciscos weighted average cost of capital (WACC) increased to 15% due to the high inflation. Estimate the value of a share of Cisco

Assume that Ciscos weighted average cost of capital (WACC) increased to 15% due to the high inflation. Estimate the value of a share of Cisco common stock as of July 30, 2016, using the discounted cash flow (DCF) model and the forecast in (e); Describe the computations, and discuss how the increase in WACC affects Ciscos stock price. (10 points) Note, still assume common shares outstanding of 5,029 million, and net nonoperating obligations (NNO) of $(37,113) million.

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