Question
Computing Free Cash Flows to the Firm (FCFF) Use the following data to compute free cash...
Computing Free Cash Flows to the Firm (FCFF)
Use the following data to compute free cash flows to the firm for Intel Corporation for 2016 through the terminal period.
| Reported | Horizon Period | Terminal | |||||
|---|---|---|---|---|---|---|---|
| $ millions | 2015 | 2016 | 2017 | 2018 | 2019 | Period | |
| Sales | $ 55,355 | $ 61,444 | $ 67,588 | $ 73,660 | $ 78,851 | $ 80,400 | |
| NOPAT | 11,621 | 13,851 | 14,526 | 15,802 | 16,103 | 15,609 | |
| NOA | 51,488 | 57,157 | 62,873 | 68,521 | 72,674 | 74,101 | |
| 2016 | 2017 | 2018 | 2019 | Terminal Period | |
|---|---|---|---|---|---|
| Free cash flows to the firm | $Answer | $Answer | $Answer | $Answer | $Answer |
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