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.

A) Calculate the company stock price using the constant growth model to find the terminal value. (Round to 2 decimals)

B) Calculate the company stock price using the P/E comparable approach to find the terminal value. (Round to 2 decimals)

\begin{tabular}{lrrrrrr} (\$ in Billions) & 1 & 2 & 3 & 4 & 5 & 6 \\ \hline Sales & 232 & 244 & 256 & 269 & 282 & 296 \\ Costs & 120 & 126 & 132 & 139 & 146 & 153 \\ Taxes & 40 & 42 & 44 & 46 & 48 & 50 \\ OCF (net income) & 72 & 76 & 80 & 84 & 88 & 92 \\ Net investment & 50 & 53 & 55 & 58 & 61 & 64 \\ \hline FCF & 22 & 23 & 25 & 26 & 27 & 28 \end{tabular}