Based on last years results and various projections of its


Based on last year’s results and various projections of its future operations, you have determined that Amazon Corporation's free cash flows this year will be $3,337 million with future free cash flows growing at 4% per year. The company also has nonoperating assets of $670 million and nonoperating liabilities of $2,250 million. The weighted average cost of capital is 11% and there are 696 million shares of common stock outstanding. What should be the value of the company's common stock? Present your answer to two decimal places (e.g., $20.00).

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Financial Management: Based on last years results and various projections of its
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