Calculate the free cash flows (FCF) for Microsoft based on the 3 most recent fiscal year financial data. Compare the free cash flows to the statement of cash flows and discuss their differences. Explain why the statement of cash flows cannot be used directly to value stocks. How do you value your firms stock using the free cash flows? Calculate the intrinsic value of your firms stock based on your estimations of the future free cash flows (Assume that FCFs grows at 20%, 12%, and 8% in the next one, two, and three years, respectively, and grows at 5% constant long-term growth rate thereafter.). Be sure to lay out the steps in calculating the free cash flows and the intrinsic value of the stock.