I'm calculating Economic Value Added (EVA) for TGT (Target Corp) as of their last year end Feb 2, 2019.

My instructions are:

Assume that the book depreciation and economic depreciation are the same.

• Calculate Net Operating Profits After Tax (NOPAT)
• Calculate Invested Capital

That is to calculate:

• Total debt
• Adjusted Equity = shareholders' equity + Net Deferred tax + Non-controlling interest + other accumulated comprehensive income (loss) {the last item is negative, but should be added in this equation}
• Calculate Invested capital = a + b : What does this even mean?
• Calculate market value of equity (be sure to add the date)
• Calculate CAPM (Make a valid assumption for the cost of debt using actual data)
• rm=market return: I need to know how to calculate rm, I have the rest.
• rj = rf + b(rm-rf) = 2.7% + .6628(rm-2.7)
• Calculate effective debt interest rate = Interest Expenses / total debt
• Net interest expense from continuing operations was $461 million
• Net debt 10,506
• Calculate WACC: Is this available without calculating it anywhere?
• WACC Weighted Average Cost of Capital=(Wd)(after-taxcostofdebt)+(We)(costofcommonequity)
• Wd=proportionoffinancingprovidedbydebt, We = proportion of financing provided by common equity
• TGT reported after-tax return on invested capital (ROIC) as 14.7%, common stock $517.8M, Long-term depb, including current portion 11,297M, net debt 10506M.
• How do I calculate this?
• Calculate Economic Value Added and explain its importance
• EVA = NOPAT-Invested Capital*WACC
• EVA = 3364M-23186*WACC