Following are forecasts of Home Depot$$s sales, net operating profit after tax $($NOPAT$),$ and net operating assets $($NOA$)$ as of February $3,2019,$ which the company labels fiscal $2018.$

Forecast Horizon Period

Reported Terminal

$ millions $20182019202020212022$ Period

Sales $$99,547$ $$106,515$ $$113,971$ $$121,949$ $$130,485$ $$133,095$

NOPAT $11,10711,93012,76513,65814,61414,907$

NOA $23,50225,14526,90528,78930,80431,420$

Answer the following requirements assuming a discount rate $($WACC$)$ of $7\mathrm{.}85\%,$ a terminal period growth rate of $2\%,$ common shares outstanding of $1,105$ million, net nonoperating obligations $($NNO$)$ of $$25,230$ million.

a$.$ Estimate the value of a share of Home Depot common stock using the residual operating income $($ROPI$)$ model as of February $3,2019.$

Note: Do not round until your final answer; round your final answer to two decimal places.

Stock price per share: $