a$.$ Compute the firm value to NOPAT ratio for both Kohl's and Walmart.

In millions Numerator Denominator NOPAT Multiple

Kohl's Answer $1$

$13,487$

Answer $2$

$980$

$13\mathrm{.}762$

Walmart Answer $3$

$322,123$

Answer $4$

$8,312$

$38\mathrm{.}754$

b$.$ Use Kohl's and Walmart as comparables, along with the firm value to NOPAT ratios from part a$,$ and then estimate Target's firm intrinsic value, equity intrinsic value, and equity intrinsic value per share.

Note: Do not round intermediate calculations.

Note: Round answers to the nearest dollar, if applicable.