can you please help me with this practice question i did some off it

mbe HW10 (Module 13) X Ask Ask.com x Ask Ask.com x C Get Homework Help With ( X B Sakai : ACCT 435/FIN 450.W X + X > C a mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=4313213&cmid=241409&page=1&scrollpos=2970#q2 G a . .. BusinessCo Print 3 sheets of paper abdul Saqib Finish attemp Destination Microsoft Print to PDF Question 2 Partially correct Mark 18.00 out of 55.00 Forecasting and Estimating Share Value Using the DCF Model Following are the income statement and balance sheet for Intel Corporation. Pages All B Print INTEL CORPORATION Question 2 Parti. Consolidated Statements of Income Color Color Year Ended (In millions) Dec. 25, 2010 Dec. 26, 2009 Dec. 27, 2008 Forecasting and Net revenue $ 44,223 $ 35,127 $ 37,586 Following are th Cost of sales 15,132 15,566 16,742 Gross margin 29,091 19,561 20,844 More settings Research and development 6,576 5,653 5,722 Marketing, general and administrative 6,309 7,931 5,452 Year Restructuring and asset impairment charges 231 710 Support Net revenue Amortization of acquisition-related intangibles 18 35 6 Cost of sales Operating expenses 12,903 13,850 11,890 Gross margin Operating income 16,188 5,711 8,954 Gains (losses) on equity method investments, net* 117 Research and deve (147) (1,380) Gains (losses) on other equity investments, net 231 (23) (376) Marketing, genera Interest and other, net 109 163 488 Restructuring and Income before taxes 16,645 5,704 7,686 Amortization of ac Provisions for taxes 4,581 1,335 2,394 Operating expens Net income $ 12,064 $ 4,369 $ 5,292 Operating income *This should be considered as operating income. Gains (losses) on E INTEL CORPORATION Gains (losses) on c Consolidated Balance Sheets Print Cancel Interest and other, net TUy 103 480 5 701 Type here to search O M 9 11:27 PM 11/14/2020mbe HW10 (Module 13) X Ask Ask.com x Ask Ask.com x C Get Homework Help With ( X B Sakai : ACCT 435/FIN 450.W X + X C a mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=4313213&cmid=241409&page=1&scrollpos=2970#q2 G a . .. INTEL CORPORATION BusinessCo Consolidated Balance Sheets As of Year-Ended (In millions, except par value) Dec. 25, 2010 Dec. 26, 2009 Print 3 sheets of paper abdul Saqib Assets Current assets Finish attemp Cash and cash equivalents $ 5,498 $ 3,987 Short-term investments 11,294 5,285 Trading assets 5,093 4,648 Destination Microsoft Print to PDF Accounts receivables, net 2,667 2,273 Inventories 3,757 2,935 Deferred tax assets 1,888 1,216 Other current assets 1,614 813 Pages All Total current assets 31,811 21,15 B Print Property, plant and equipment, net 17,899 17,225 Question 2 Parti. Marketable equity securities 1,008 773 Other long-term investments* * 3,026 4,179 Color Color Goodwill 4,531 4,421 Other long-term assets 5,111 5,340 Forecasting and Total assets $63,386 $53,095 Liabilities Following are th Current liabilities More settings Short-term debt $38 $172 Accounts payable 2,190 1,883 Accrued compensation and benefits 2,888 2,448 Year Accrued advertising 1,007 773 Deferred income on shipments to distributors 622 593 Support Net revenue Other accrued liabilities 2,482 1,722 Total current liabilities 9,227 7,591 Cost of sales Long-term income taxes payable 190 193 Gross margin Long-term debt 1,677 2,049 Long-term deferred tax liabilities 926 555 Research and devi Other long-term liabilities 1,236 1,003 Total liabilities 13,256 11,391 Marketing, genera Stockholders' equity: Preferred stock, $0.001 par value Restructuring and Common stock, $0.001 par value, 10,000 shares authorized; 5,581 issued and 5,511 outstanding and capital in excess of par value 16,178 14,993 Accumulated other comprehensive income (loss) Amortization of a Retained earnings 333 393 33,619 26,318 Operating expens Total stockholders' equity 50,130 41,704 Total liabilities and stockholders' equity $ 63,386 $ 53,095 Operating income Gains (losses) on Gains (losses) on Print Cancel Interest and other, net TUy 103 480 5 701 7 606 Type here to search O M X 11:28 PM 11/14/2020mbe HW10 (Module 13) X Ask Ask.com x Ask Ask.com x C Get Homework Help With ( X B Sakai : ACCT 435/FIN 450.W X + X > C a mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=4313213&cmid=241409&page=1&scrollpos=2970#q2 G a . .. BusinessCo Print 3 sheets of paper abdul Saqib Finish attemp *# These investments are operating assets as th Destination Microsoft Print to PDF (a) Compute Intel's net operating assets (NOA) for year-end 2010. 2010 NOA = $ 28,952 (b) Compute net operating profit after tax (NOPAT) for 2010, assuming a federal and state statutory tax rate of 379%. HINT: Gains/losses on equity method investments are considered operating income. Round your answer to the nearest whole number. Pages All B Print 2010 NOPAT = $ 11,850 Question 2 Parti. (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. Color Color Sales growth 109% Net operating profit margin (NOPM) 2696 Forecasting and Net operating asset turnover (NOAT) at fiscal year-end 1.50 Following are th Forecast the terminal period value using the assumptions above and assuming a terminal period growth of: 1%. More settings INTC 2011 Est. 2012 Est. 2014 Est. Period Sales (rounded two decimal places) 44.223 v S 48.645.3 v 5 53.509.83 5 2013 Est. 58,860.81 v $ 64,746.89 - S Sales (rounded nearest whole number) 44,223 48.645 53,510 58,861 64,747 NOPAT (rounded nearest whole number)* 11,850 13,035 x 14.340 x O x Ox Ox NOA (rounded nearest le number)* 74,303 ox Year * Use sales rounded to nearest whole ber for this calculation. Support Net revenue (d) Estimate the value of a share of Intel common stock using the discounted cash flow (DCF) model as of December 25, 2010; assume a discount rate (WACC) of 11%, common shares outstanding of 5,511 million, and net nonoperating obligations (NNO) of $(21,178) million (NNO is negative which Cost of sales means that Intel has net nonoperating investments). Gross margin Instructions Use your rounded answers for subsequent calculations. Research and dev . Round all answers to the near 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 Marketing, genera . Use a negative sign with your NNO answer. Restructuring and DCF Model Amortization of ac Increase in NOA FCFF (NOPAT . Increase in NOA) O X Operating expens Discount factor O X O X O x Present value of horizon FCFF Operating income Cum present value of horizon FCFF Present value of terminal FCFF Total firm value Gains (losses) on E NNO Firm equity value Print Cancel Gains (losses) on ( Shares outstanding (millions) Stock price per share Interest and other, net TUy 103 5 701 7 606 Type here to search O M X 9 11:29 PM 11/14/2020