Estimating Share Value Using the DCF Model Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of January 30, 2016 Reported Horizon Period Terminal $ millions 2016 2017 2018 2019 2020 Period Sales NOPAT NOA $76,007 $77527 $79,078 S80,660 $82,273 $83,096 3,420 3489 ,559 3,630 ,702 3,739 22,802 23,258 23,723 24,19 24,682 24,929 Answer the following requirements assuming a terminal period growth rate of 1%, a discount rate (WACC) of 6%, common shares outstanding of 602 million, and net nonoperating obligations (NNO) of 58,488 million. a. Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of January 30, 2016. Instructions: Round all answers to the nearest whole number, except for discount factors and stock price per share . Round discount factors to 5 decimalplaces . Round stock price per share to two decimalplaces. Do not use negative signs with any of your answers. Reported Forecast Horizon Terminal s millions) 2016 2017 2018 2019 2020 Period Increase in NOA FCFF (NOPAT Increase in NOA) Discount foctor [11 rw)t] Present value of horizon FCFF Cum. present value of horizon FCFF Present value of terminal FCFF Total firm value NNO Firm equity value Shares outstanding (millions) Stock price per share