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Starbucks Corporation Reported Horizon Period Terminal Period Fiscal Year 2017 2018 2019 2020 2021 2022 Sales (Rounded) $22,386,800 $23,058,404 $23,750,156 $24,462,660 $25,196,540 $25,952,436 Forecasted Growth

Starbucks Corporation

Reported

Horizon Period

Terminal Period

Fiscal Year

2017

2018

2019

2020

2021

2022

Sales (Rounded)

$22,386,800

$23,058,404

$23,750,156

$24,462,660

$25,196,540

$25,952,436

Forecasted Growth Rate

3.0%

Sales (Rounded)

$22,386,800

$23,058,404

$23,750,156

$24,462,660

$25,196,540

$25,952,436

NOPAT

$3,302,651

$3,228,176

$3,325,021

$3,424,772

$3,527,515

$3,633,341

NOA

$6,698,700

$6,903,713

$7,110,825

$7,324,149

$7,543,874

$7,770,190

?NOA

$205,013

$207,112

$213,324

$219,725

$226,316

Free Cash Flows (FCFF)

$3,023,163

$3,117,909

$3,211,448

$3,307,790

$3,407,025

Discount Factor

0.91066

0.82930

0.75522

0.68775

PV of Horizon FCFF

$2,753,073

$2,585,681

$2,425,349

$2,274,932

Total PV of Horizon FCFF

$10,039,037

PV of Terminal FCFF

$23,885,742

Total Firm Value

$33,924,779

Less: NNO

$ X

Less: NCI

$ X

Firm Equity Value

$ X

Number of Shares Outstanding

1,422,800,000

Stock Value Per Share

$ X

I am trying to calculate NNO and NCI using the Starbuck's 2017 Balance Sheet/Income Statement? I am having trouble determining which is operating and non-operating Can you help me?

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