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Microsoft Co . has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows

Microsoft Co. has the following projected sales, costs, net investment, and free cash flow in millions. The anticipated growth rate in free cash flows after year 6 is 5% per year forever. There are 7.43 billion shares outstanding, and investors require a return of 8% on the company's stock and a comparable P/E ratio of 21. Calculate the company stock price using the constant growth model to find the terminal value. (Round to 2 decimals)
Calculate the company stock price using the P/E comparable approach to find the terminal value. (Round to 2 decimals)
($ in Billions)123456
Sales 232244256269282296
Costs 120126132139146153
Taxes 404244464850
OCF (net income)727680848892
Net investment 505355586164
FCF 222325262728

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