-12. Estimating Share Value Using the DCF Model Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of January 30, 2016. Horizon Period Reported 2016 Terminal Period $ millions 2017 2018 2019 2020 Sales. . NOPAT . 3,3123,387 3,454 3,5243,594 3,630 21,44521,87222,30922,75523,21023,443 1%, a discount rate (WACC) of 6%, common shares outstanding of 602 million, and net nonoperating obligations (NNO) of Answer the following requirements assuming a terminal period growth rate of $8,488 million. a. Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of January 30, 2016. b. Target Corporation (TGT) stock closed at $81.87 on March 11, 2016, the date the 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are