Estimate the Share Value using the ROPI Model:

Reported Forecast Horizon Period Terminal

$ millions $20182019202020212022$ Period

Sales $$14,768$ $$15,654$ $$16,593$ $$17,589$ $$18,644$ $$19,017$

NOPAT $2,7112,8803,0533,2363,4303,499$

NOA $9,46210,02810,63011,26811,94412,183$

Illinois Tool Works stock closed at $$144\mathrm{.}21$ on February $15,2019,$ the date the $10$K report 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?