This assignment delves into the application of discounted cash flow (DCF) valuation and free cash flow (FCF) analysis for financial assessment. The analysis begins with calculating free cash flow, discounting, and determining the continuing value for General Mills, Inc., under two scenarios: where FCF remains constant and where it grows at 3%. The assignment further explores FCF for Kimberly-Clark Corporation, utilizing two different methods for calculation. The results highlight the impact of growth assumptions on per-share value, providing insights into financial health and investment potential. The assignment utilizes financial statements and formulas to derive the equity value and free cash flow, providing a comprehensive understanding of corporate finance valuation techniques.