ROIC Term 55%
Terminal Growth 5%
FCF % 30%

WACC 10%
Revenues Discounted Revenues FCF % of discounted Revs
2006 $5,800,000 $5,800,000 $1,740,000.00 YtoY FCF Growth Rate
2007 $6,670,000 $6,063,636 $1,819,090.91 4.5%
2008 $7,670,500 $6,339,256 $1,901,776.86 4.5%
2009 $8,821,075 $6,627,404 $1,988,221.26 4.5%
2010 $9,879,604 $6,747,902 $2,024,370.74 1.8%
2011 $10,867,564 $6,747,902 $2,024,370.74 0.0%
2012 $11,410,943 $6,441,180 $1,932,353.89 -4.5%
2013 $12,666,146 $6,499,736 $1,949,920.74 0.9%
2014 $13,932,761 $6,499,736 $1,949,920.74 0.0%
1015 $14,629,399 $6,204,293 $1,861,287.98 -4.5%
$102,347,992 $19,191,313,861.41
10 Yr Rev CAGR 11%

Continuing Value $42,301,999,556

Combined Intrinsic Value $61,493,313,417.12