Question
(e) Intel (INTC) stock closed at $21.09 on February 19, 2013, the date the Form 10-K was filed with the SEC. How does your valuation
(e) Intel (INTC) stock closed at $21.09 on February 19, 2013, the date the Form 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference? What investment decision is suggested from your results?
(c) Forecast Intel's sales, NOPAT, and NOA for years 2013 through 2016 using the following assumptions:
| Sales growth | 10% |
| Net operating profit margin (NOPM) | 20.4% |
| Net operating asset turnover (NOAT) at year-end | 1.27 |
Forecast the terminal period value using a terminal period growth of: 1% and the NOPM and NOAT assumptions above.
(b) Compute net operating profit after tax (NOPAT) for 2012, assuming a federal and state statutory tax rate of 37%.(Round your answer to the nearest whole number.)
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The Politics Of Public Management The HRDC Audit Of Grants And Contributions
Authors: David A. Good
2nd Edition
0802085873, 978-0802085870
