NEED ANSWERS FOR ONES WITH X'S PLEASE.

THANK YOU.

& Estimating Share Value Using the ROPI Model Assume following are forecasts of Abercrombie & Fitch's sales, net operating profil after tax (NOPAT), and net operating assets (NOA) as of January 29, 2011. Refer to the information in the table to answer the following requirements, Reported Horizon Period (in millions) 2011 2012 2013 2015 Terminal Period Sales $3,750 $4.500 S 5,400 S 6,480 $ 7,776 $7,853 NOPAT 464 539 654 794 950 1,320 1,602 1,933 2,332 2,791 2,802 2014 982 NOA Answer the following requirements assuming a discount rate (WACC) of 13.3%, a terminal period growth rate of 1%, common shares outstanding of 86.2 million, and net nanoperating obligations (NNO) of $(261) million (negative NNO reflects net nonoperating assets such as investments rather than net obligations). (a) Estimate the value of a share of Abercrombie & Fitch common stock using the residual operating income (ROPI) model as of January 29, 2011. Rounding instructions: Round answers to the nearest whole number unless noted otherwise, Use your rounded answers for subsequent calculations. Do not use negative signs with any of your answers. Reported Horizon Period (In millions) 2011 2012 2013 2014 2015 Terminal Period ROPI (NOPAT (NOABeg xrw]) 363 441 537 672 5,516 X Discount factor [1/11 wit] (Round 5 decimal places 0.88261 0.779 0.68756 0.60685 Present value of horizon ROPI 321 343 369 408 Cum present value of horizon ROPIS 1,441 Present value of terminal ROP 3,348 x NOA 1,320 Tot Total firm value 6,109 x NNO (261) X Firm equity value 5,848 x Shares outstanding millions) 86.2 (round one decimal place) Stock price per share 67.84 x (round two decimal places) ... S S