(c) Use the parsimonious forecast method, as shown in Analysis insight box on page 13-4, to forecast Cisco's sales, NOPAT, and NOA for 2011. through 2014 and the terminal period using the following assumptions. Forecast the terminal period value using the assumptions above and assuming a terminal period growth of: 1%. * Use sales rounded to nearest whole number for this calculation. (d) Estimate the value of a share of Intel common stock using the discounted cash flow (DCF) model ahof December 25, 2010; assume a discount rate (WACC) of 1196, common shares outstanding of 5,511 million, and net nonoperating obligations (NNO) of $21,178 ) million (NNO is negative which means that intel has net nonoperating investments). Instructions: - Use your rounded answers for subsequent calculations. - Round all answers to the nearest whole number, except for discount factors and stock price per share. - Round discount factors to 5 decimal places. - Round stock price per share to two decimal places. - Use a negative sign with your NNO answer. (e) Intel (INTC) stock closed at $22,14 on February 18, 2011. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference? What investment decision is suggested from your results? (Select all that apply) Our lower stock price estimate may be due to more pessimistic forecasts or a higher discount rate compared to other investor