The table above summarizes financial information of General Motors for fiscal year 2020. Its total assets is $235,194 million, and its total liabilities is $185,517 million. Suppose General Motors decides to start another electronic car production line. To implement this decision, GM will increase capital expenditure by 10% each year for the next three years. To finance the increase in capital expenditure, GM will draw its credit lines which increases its current liabilities by 12% each year for the next three years. This new production lines will also require GM to expand its current assets by 15% each year for the next three years. Moreover, GM expects the depreciation and amortization increase by 5% for the next three years. The new production line will increase the net operating profit after tax by 2% for the first three years, and free cash flow after the 3^rd grows at 1% permanently thereafter. GM has 1,433 million shares outstanding. What is the fundamental value of GMs common stock?

GM (Millions) 2020 NOPLAT $ 114,077.00 Depreciation and amortization $ 5,637.00 capital expenditure $ 5,300.00 current assets $ 80.924.00 current liabilities $ 79,910.00 risk-free rate 1% | beta 0.75 r m 7% tax rate 30% cost of debt 3% GM (Millions) 2020 NOPLAT $ 114,077.00 Depreciation and amortization $ 5,637.00 capital expenditure $ 5,300.00 current assets $ 80.924.00 current liabilities $ 79,910.00 risk-free rate 1% | beta 0.75 r m 7% tax rate 30% cost of debt 3%