Please calculate the present value of Starbucks Corp. using it's free cash flow (FCF = cash flow from operating activities - cash flow from investment activities).

Use it's cash flow statements from 2005 to 2019; Necessary Economic conditions are as follows: Discount rate 5%, Growth Rate 2%, Inflation Rate 2%.

Provide 3 limitations of this method you found while applying it to Starbucks (e.g. limited application, assumptions on future, regression analysis, etc.)

Be sure to provide rationales for why you think it's a limitation. Please also use Excel Spreadsheet.

Starbucks Annual Free Cash Flow 2019 3,240.40 2018 9,961.40 2017 2016 2,732.40 3,257.60 2,454.30 -553.10 2015 2014 2013 1,757.10 2012 894.10 2011 1,197.90 2010 1,264.20 2009 985.90 2008 274.20 2007 250.90 2006 360.40 2005 279.62 Starbucks Annual Free Cash Flow 2019 3,240.40 2018 9,961.40 2017 2016 2,732.40 3,257.60 2,454.30 -553.10 2015 2014 2013 1,757.10 2012 894.10 2011 1,197.90 2010 1,264.20 2009 985.90 2008 274.20 2007 250.90 2006 360.40 2005 279.62