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Computing Free Cash Flows to the Firm (FCFF) Use the following data to compute free cash flows to the firm for Intel Corporation for 2016
Computing Free Cash Flows to the Firm (FCFF)
Use the following data to compute free cash flows to the firm for Intel Corporation for 2016 through the terminal period.
| Reported | Horizon Period | Terminal | |||||
|---|---|---|---|---|---|---|---|
| $ millions | 2015 | 2016 | 2017 | 2018 | 2019 | Period | |
| Sales | $ 55,355 | $ 61,444 | $ 67,588 | $ 73,660 | $ 78,851 | $ 80,400 | |
| NOPAT | 11,621 | 13,851 | 14,526 | 15,802 | 16,103 | 15,609 | |
| NOA | 51,488 | 57,157 | 62,873 | 68,521 | 72,674 | 74,101 | |
| 2016 | 2017 | 2018 | 2019 | Terminal Period | |
|---|---|---|---|---|---|
| Free cash flows to the firm | $Answer | $Answer | $Answer | $Answer | $Answer |
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ISE Fundamentals Of Cost Accounting
Authors: William N. Lanen, Shannon Anderson, Michael W. Maher
6th Edition
1260569098, 9781260569094
