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Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and evet -- 12. Estimating Share Value Using the ROPI Model year?

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Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and evet -- 12. Estimating Share Value Using the ROPI Model year? ? assets (NOA) as of February 2, 2019, which we label year Forecast Horizon Period $ millions Reported 2018 2019 2020 2021 2022 Terminal Period Sales. NOPAT NOA $75,356 3,269 23,020 $79,124 3,402 24,197 $83,080 3,572 25,407 $87,234 3,751 26,677 $91,596 3,939 28,011 $93,428 4,017 28,571 a. Estimate the value of a share of Target common stock using the residual operating income (ROP) model as of February 2, 2019. b. Target Corporation (TGT) stock closed at $77.12 on March 13, 2019, the date the 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference? Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and evet -- 12. Estimating Share Value Using the ROPI Model year? ? assets (NOA) as of February 2, 2019, which we label year Forecast Horizon Period $ millions Reported 2018 2019 2020 2021 2022 Terminal Period Sales. NOPAT NOA $75,356 3,269 23,020 $79,124 3,402 24,197 $83,080 3,572 25,407 $87,234 3,751 26,677 $91,596 3,939 28,011 $93,428 4,017 28,571 a. Estimate the value of a share of Target common stock using the residual operating income (ROP) model as of February 2, 2019. b. Target Corporation (TGT) stock closed at $77.12 on March 13, 2019, the date the 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference

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