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Based on last year's results and various projections of its future operations, you have determined thatAmazon Corporation's free cash flows this year will be $3,714
Based on last year's results and various projections of its future operations, you have determined thatAmazon Corporation's free cash flows this year will be $3,714 million with future free cash flows growing at 2% per year. The company also has nonoperating assets of $587 million and nonoperating liabilities of $1,723 million. The weighted average cost of capital is 11% and there are 747 million shares of common stock outstanding.What should bethe value of the company's common stock? Present your answer to two decimal places (e.g., $20.00).
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