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$ millions Forecast Horizon Period Reported Terminal 2018 2019 2020 2021 2022 Period $125,515 $134,301 $143,703 $153,761 $164,525 $167,816 14,005 15,042 16,095 17,221 18,427 18,795

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$ millions Forecast Horizon Period Reported Terminal 2018 2019 2020 2021 2022 Period $125,515 $134,301 $143,703 $153,761 $164,525 $167,816 14,005 15,042 16,095 17,221 18,427 18,795 29,633 31,705 33,924 36,299 38,840 39,616 Sales NOPAT NOA Estimating Share Value Using the DCF Model Following are forecasts of Home Depot's sales, net operating profit after tax (NOPAT), and net operating assets (NCA) as of February 3, 2019, which the company labels fiscal 2018 Forecast Horizon Period Reported 2019 5 millions Sales Terminal 2018 2020 2021 2022 Period $125.515 $134,301 $143,703 $153,761 $164.525 $167,816 14,005 15.042 16.095 17.221 18,427 18,795 29,633 31,705 33,924 36.299 38.840 30,616 NOPAT NOA Answer the following requirements assuming a discount rate (WACC) of 7.85%, a terminal period growth rate of 2%, common shares outstanding of 1,105 million, net nonoperating obligations (NNO) of $31,812 million. Required a. Estimate the value of a share of Home Depot's common stock using the discounted cash flow (DCF) 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

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