Net Income $3,000 million Free Cash Flows to the Firm (last year) $5,500 million Analysts expected growth rate (FCFF) 7.5% per year going forward WACC 12.5% Cost of Equity Capital 22.5% Interest Expense $1,600 million Effective Tax Rate Par value of debt outstanding Market beta 22.0% $45,000 million 1.95 Risk-free rate 1.50% Preferred Equity Shares $5,000 million Minority Interest $2,500 million Additional Paid-In Capital (APIC) $4,500 million Cash and Equivalents $2,000 million Weighted Avg. Diluted Shares 300 million Dividend Expected growth rate of dividends $4.5 per year 3.92%