Estimating Share Value Using the DCF Model Following are forecasted sales, NOPAT, and NOA for AT&T for 2019 through 2022 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. a. Forecast the terminal period values assuming the following terminal period growth rate. Assumption Terminal period growth rate 2% $ millions Sales NOPAT NOA Reported Forecast Horizon Period 2018 2019 $173,802 23,941 372,085 2020 2021 2022 $184,047 $194,907 $206,419 $218,622 $ 25,128 26,453 27,858 29,346 393,977 417,433 442,297 468,653 Terminal Period 0 0 0 b. Estimate the value of a share of AT&T common stock using the discounted cash flow (DCF) model as of December 31, 2018 using the following assumptions and the information above. Assumptions Discount rate (WACC) 5.70% 7,281.6 million Common shares outstanding Net nonoperating obligations (NNO) $178,201 million Noncontrolling interest $12,841 million