2015E 2016E Free Cash Flow 401 514 591 Free Cash Flow! Share $3.48 S4.45 55.12 CurrentFree Cash Flow Yield 6.71% 8.60% 9.88% Discount/ Prenium ti Avg. SPX FCF Yield -0.03% 1.869b 3.14% I= YE14 Price Target S59 Estimated Yield at Price Target 8% Sensitivity to FCF Yield Chgs. I Implied YE14