Use the Corporate Valuation model is the most appropriate model to value AMD Here's Free Cash Flow projections (in millions of $) needed to value AMD as a firm.

Year FCF

1 1000

2 1500

3 2700

4 3500

After year 4, AMD's free cash flow is expected to grow at a 10% constant growth rate in year 5 and beyond. AMD's WACC is 14%. AMD has $900 million in debt (market value of debt) and 1170 million shares of common stock outstanding? What is your valuation of AMD's common stock today? Would you recommend buying AMD's stock today and why? Use current price = $79.00 in #6 to help aid your recommendation.