AMAZON.COM, INC. FORECASTED STA TEMENTS OF OPERATIONS (in millions) Net product sales Net service sales Total...

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AMAZON.COM, INC. FORECASTED STA TEMENTS OF OPERATIONS (in millions) Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Depreciation and Amortization Other operating expense, net 167 Total operating expenses 131,801 2019 2020 2021 2022 2023 94,665 118,573 141,915 160,408 41,322 59,293 90,972 120,114 135,987 177,866 232,887 280,522 80,149 100,456 123,815 143,747 17,619 25,249 34,027 40,232 7,233 10,069 13,814 35,931 16,085 22,620 28,837 18,878 2,432 3,674 4,336 5,203 8,116 11,478 15,341 21,789 201 265,981 EBIT Total Interest expense EBT Income taxes Net income Total Current Assets 4,186 294 3,892 1,425 2,467 214 296 173,760 220,466 4,106 12,421 14,541 300 1,160 565 3,806 11,261 13,976 769 1,197 2,374 3,037 10,064 11,602 Total Current Liabilities Capital Expeditures 35,705 33,887 45,781 60,197 43,816 57,883 6,700 10,100 75,101 96,334 68,391 87,812 11,300 12,700 Beyond 2023, you expect FCFF to continue to grow at a constant rate of 5% per year indefinately. The company's weighted average cost of capital is 6.82%, and their cost of equity is 7.5%. The market value of the firm's debt is $77.54B and the book value of the debt is $65.9B. Given this information, what is the value of Amazon at the end of year 2019? $585B $838B $893B $642B AMAZON.COM, INC. FORECASTED STA TEMENTS OF OPERATIONS (in millions) Net product sales Net service sales Total net sales Operating expenses: Cost of sales Fulfillment Marketing Technology and content General and administrative Depreciation and Amortization Other operating expense, net 167 Total operating expenses 131,801 2019 2020 2021 2022 2023 94,665 118,573 141,915 160,408 41,322 59,293 90,972 120,114 135,987 177,866 232,887 280,522 80,149 100,456 123,815 143,747 17,619 25,249 34,027 40,232 7,233 10,069 13,814 35,931 16,085 22,620 28,837 18,878 2,432 3,674 4,336 5,203 8,116 11,478 15,341 21,789 201 265,981 EBIT Total Interest expense EBT Income taxes Net income Total Current Assets 4,186 294 3,892 1,425 2,467 214 296 173,760 220,466 4,106 12,421 14,541 300 1,160 565 3,806 11,261 13,976 769 1,197 2,374 3,037 10,064 11,602 Total Current Liabilities Capital Expeditures 35,705 33,887 45,781 60,197 43,816 57,883 6,700 10,100 75,101 96,334 68,391 87,812 11,300 12,700 Beyond 2023, you expect FCFF to continue to grow at a constant rate of 5% per year indefinately. The company's weighted average cost of capital is 6.82%, and their cost of equity is 7.5%. The market value of the firm's debt is $77.54B and the book value of the debt is $65.9B. Given this information, what is the value of Amazon at the end of year 2019? $585B $838B $893B $642B