Done Below:

DCF & CPER Calculations & Three Year Averages

Historical Data Components/Ratios 2017 2018 2019 Three Year Average

Business

Revenue 76,450,000,000 81,581,000,000 82,059,000,000 80,030,000,000

COG

and Services 25,354,000,000 27,091,000,000 27,556,000,000 26,667,000,000

Operating

Inc/Exp 32,382,000,000 34,441,000,000 34,423,000,000 33,748,666,667

EBIT

18,714,000,000 20,049,000,000 20,080,000,000 19,614,333,333

Sales

76,450,000,000 81,581,000,000 82,059,000,000 80,030,000,000

EBIT/Sales

24.48% 24.58% 24.47% 24.51%

Income

tax expense 16,373,000,000 2,702,000,000 2,209,000,000 7,094,666,667

Income

before sales 17,673,000,000 17,999,000,000 17,328,000,000 17,666,666,667

Tax

Rate (Income tax exp/Income before sales) 92.64% 15.01% 12.75% 40.13%

Property,

plant & equip 17,005,000,000 17,035,000,000 17,658,000,000 17,232,666,667

Sales

76,450,000,000 81,581,000,000 82,059,000,000 80,030,000,000

Property,

Plant & Equipment/Sales 22.24% 20.88% 21.52% 21.55%

Depreciation

24,461,000,000 24,816,000,000 25,674,000,000 24,983,666,667

Property,

plant & equip 17,005,000,000 17,035,000,000 17,658,000,000 17,232,666,667

Depreciation/Property, Plant & Equipment 1.44 1.46 1.45 1.45

Current

Assets 43,088,000,000 46,033,000,000 45,274,000,000 43,088,000,000

Current

Liabilities 30,537,000,000 31,230,000,000 35,964,000,000 33,597,000,000

Net

Working Capital 12,551,000,000 14,803,000,000 9,310,000,000 12,221,333,333

Sales 76,450,000,000 81,581,000,000 82,059,000,000 80,030,000,000

Net Working Capital/Sales 0.16 0.18 0.11 0.15

1. Determine the stock price? Note: your enterprise value is in thousands of dollars and the number of shares outstanding Is in billions.

Submit a summaryof your analysis and valuation with a few brief summary exhibits explaining how your analysis and outlook are quantified in your valuation model.Would you recommend investing in the company? Why or why not?