2. Following are forecasts of Value-Mart Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of January 31, 2017. (in millions) Sales NOPAT NOA Reported 2017 $51,271 2,694 22,429 2018 $57,526 2,876 25,121 Horizon Period 2019 2020 $64,544 $72,418 3,227 3,621 28,185 31,624 2021 $81,253 4,063 35,482 Terminal Period $82,878 4,144 36,191 Assuming a terminal period growth rate of 2%, discount rate ( WACC) of 7%, shares outstanding of 874.1 million, and net nonoperating obligations (NNO) of $8,224 million, estimate the value of a share of Value- Mart common stock using the discounted cash flow (DCF) model as of January 31, 2017 a. $41.50 b. $43.21 c. $47.45 d. $51.26