Estimating Share Value Using the DCF Model Following ar Module sts 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. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Reported Forecast Horizon Period Terminal $76,006 $ millions 2018 Sales NOPAT 3,269 NOA 23,670 2019 2020 2021 2022 $79,124 $83,730 $87,234 $92,246 Period $93,428 4,052 3,572 4,401 3,939 4,667 24,197 26,057 26,677 28,661 28,571 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 2% Discount rate (WACC) 7.63% Common shares outstanding 517.80 million Net nonoperating obligations (NNO) $12,373 million Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of February 2, 2019. ($ millions) Reported 2018 Forecast Horizon Terminal 2019 2020 2021 2022 Period Increase in NOA $ 527 $ 1860 620 $ 1984 $ FCFF (NOPAT - Increase in NOA) 3525 1712 3781 1955 -90 4757 Present value of horizon FCFF 3275 1478 3033 1457 Cum. present value of horizon FCFF $ 9243 Present value of terminal FCFF Total firm value NNO Firm equity value Stock price per share $ Shares outstanding (millions) $ X