Looking to understand exactly how to calculate present value of FCFF.

I will attach problem and solution - missing this calculation.

Please provide clear steps.

Finish attempt... Assume following are forecasts of Abercrombie & Fitch's sales, net operating profit after tax (NOPAT, and net operating assets (NOA) as of January 29, 2011. Horizon Period Reported Terminal (in millions) 2011 2012 2013 2014 2015 Period $7,853 Sales 3,750 $4,500 $5,400 6480 7,776 NOPAT 464 58 679 815 957 978 350 1,624 1,922 2,306 2,798 NOA 2,827 Answer the following requirements assuming a discount rate (WACC) of 13.3%, a terminal period growth rate of 1%, common shares outstanding of 86.2 million, and net non obligations (NNO) of $(288) m on (negative NNO reflects net nonoperating assets such as operating investments rather than net obligations). (a) Estimate the value of a share of Abercrombie & Fitch common stock using the discounted cash flow (DCF) model as of January 29, 2011. Rounding instructions: Round answers to the nearest whole number unless noted otherwise. Use your rounded answers for subsequent calculations Reported Horizon Period 2014 Terminal Period (in mi 20' 2012 2013 2015 Ons ncrease in NOA FCFF (NOPAT Increase in NOA) 0.779 0.68756 0.60685 Discount factor [1/(1 +rw round to 5 decimal places) 088261 207 206 Present value of horizon FCFF Cum present value of horizon FCFF 1,146 7,715 X Present value of terminal FCFF 8,862 X Total firm value (enter as Plus negative NNO negative number)