I need a help with this finance question

0:36 10 % ?????? 7 . Corporate Finance ??????? PPT-820 ?? Free Cash FlowEBIT 1 -tc) Net Investment Increases in Net Working Capital, Net Investment = Capital Expenditures-Depreciation Free cash flow measures the cash generated by the firm before any payments to debt or equity holders are considered Discounted Free Cash Flow Model: VOPV (Future Free Cash Flow of Firm) Vo Casho Debto Shares Outstandingo Intuition The difference between the discounted free cash flow model and the dividend- discount model is that in the dividend-discount model, the firm's cash and debt are included indirectly through the effect of interest income and expenses on earnings y. KAZGUU UNIVERSITY Free Cash Flow Valuation Models The Discounted Free Cash Flow Model Example, McDonalds had sales of $800 million in 2016. Suppose you expect its sales to grow at a 9% rate in 2017, but that this growth rate will slow by 1% per year to a long-run growth rate for the apparel industry of 4% by 2022. Based on, McDonalds 's past profitability and investment needs, you expect EBIT to be 9% of sales, increases in net working capital requirements to be 10% of any increase in sales, and net investment (capital expenditures in excess of depreciation) to be 8% of any increase in sales. .If, McDonalds has $50 million in cash, $30 million in debt, 12 million shares outstanding, a tax rate of 20%, and a weighted average cost of capital of 15%, what is your estimate of the value of , McDonalds 's stock in early 2017