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BusinessCourse Return to course Smillions 2018 2019 2020 2021 2022 Period Sales 575.156 579,124 582 080 587.234 $91,596 593.428 NOPAT 3.269 3.402 3572 3.751 3.939

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BusinessCourse Return to course Smillions 2018 2019 2020 2021 2022 Period Sales 575.156 579,124 582 080 587.234 $91,596 593.428 NOPAT 3.269 3.402 3572 3.751 3.939 4017 NOA 23.020 24,197 25,407 26,677 28.011 28.571 Answer the following requirements assuming a terminal period growth rate of 2%, a discount rate (WACC) of 7.63%, common shares outstanding of 517.8 millor nonoperating obligations (NNO) of $11,723 million Estimate the value of a share of Target common stock using the residual operating income (ROPI) model as of February 2, 2019, Instructions: Round all answers to the nearest whole number, except for discount factors, shares outstanding (do not round), and stock price per share. Round discount factors to 5 desimal places Round stock price per share to two decimal places Do not use negative signs with any of your answers, Reported Forecast Horizon Terminal (5 millions) 2018 2019 2020 2021 2022 Period ROP (NOPATINOABXw) Discount factor / Present value of horizon ROP Cum present value of horizon ROP 5 Present value of terminal ROPI NOA Totaltem value NNO Firm equity value Share outstanding million Stock price per stare D DO

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