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-9. 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

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-9. 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 February 2, 2019, which we label fiscal year 2018. Forecast Horizon Period Reported S millions 2018 2019 2020 2021 2022 Terminal Period Sales. NOPAT. NOA $75,356 3.269 23,020 $79,124 3,402 24,197 $83,080 3,572 25,407 $87,234 3,751 26,677 $91,596 3,939 28,011 $93,428 4,017 28,571

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