Question: After much analysis, Wall Street experts expect PFE to generate the following free cash flows (FCF) over the next 5 years: Year 1 2 3

After much analysis, Wall Street experts expect PFE to generate the following free cash flows (FCF) over the next 5 years:

Year	1	2	3	4	5
FCF ($ millions)	15	33	12	26	18

After year 5, they expect FCFs to have a lower annual growth rate of 4 percent. PFE's weighted average cost of capital is 10 percent. In a few sentences explain the process that you would follow to estimate PFE's enterprise value. (Note: it is not necessary to use the given numbers in your answer.)

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