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Equity
R(debt)
R(equity)
Tax
WACC
$ 3,511,959,295.00
$ 488,494,243.90
0.1
0.1
0.1463
0.087156465
FCF
R(growth)
Terminal value
(2,089,650,683.06)
0.1
162,700,588,717.11
n(year)
FCF 2011
1
16,428,552.00
Present value
$ 149,657,012,522.37
PV FCF
PV Terminal
$ (1,922,125,057.49)
$ 149,657,012,522.37
Enterprise value
$ 147,734,887,464.88