There are three ways to estimate growth rates for earnings, revenues, and dividends. These include (1) the growth rate of the firms past (operating) earnings, (2) obtain the information from analysts, and (3) estimate the rates from the firms fundamentals. Using each of these methods, what is your estimate of the growth rate for CVS, (Please use the past financial information).

Analysts normally must calculate a terminal value of a firm when preparing a discounted cash flow valuation. There are three ways to prepare this estimate, which include (1) assuming a liquidation value of the firms assets in the terminal year, (2) applying a multiple to earnings, revenues or book value, and (3) assuming the free cash flows will grow at a constant rate forever (a stable growth rate). Using each of these methods, what is your estimate of the terminal value for CVS.(Please use the past financial information).