estmating snare varue using the kurT wouer

Following are forecasts of sales, net operating profit after tax $($NOPAT$),$ and net operating assets $($NOA$)$ as of December $31,2018,$ for Humana.

Answer the following requirements with the following assumptions:

NNO is negative because Humana's nonoperating assets exceed its nonoperating liabilities.

$($a$)$ Estimate the value of a share of common stock using the residual operating income $($ROPI$)$ model as of December $31,2018.$