Estimating Share Value Using the DCF Model

Following are forecasted sales, NOPAT, and NOA for AT&T for $2019$ through $2022$

a$.$ Forecast the terminal period values assuming the following terminal period growth rate.

Assumption

Terminal period growth rate $2\%$

c$.$ AT&T closed at $$30\mathrm{.}85$ on February $20,2019,$ the date the Form $10-K$ was filed with the SEC. How does your valuation estimate compare with this closing price?

d$.$ If WACC has been $6\mathrm{.}2\%,$ what would the valuation estimate have been?

What about if WACC has been $5\mathrm{.}2\%?$

Value