ng profit after tax (NOPAT) for 2019 assuming a federal and state statutory tax rate of 22%. te: Round your answer to the nearest whole dollar. OPAT: $ 4,006 # My Sub - Use the parsimonious forecast method, as shown in the Analysis Insight box on page 14-5, to forecast sales, NOPAT, and NOA for 2020 through 2023 using the follow Sales growth 8 Net operating profit margin (NOPM) 2019 ratios rounded to three decimal places Net operating asset turnover (NOAD, year-end 2019 ratios rounded to three decimal places Forecast the terminal period value assuming a 2% terminal period growth and using the NOPM and NOAT assumptions above, Note: Round your final answers to the nearest whole dolar. Nike (NKE) Forecast Horizon Reported Terminal (5 millions) 2019 2021 2022 2023 Period Sales 39,117 S 42,2465 45,6265 49.276 532185 54283 NOPAT 4,006 4,309 4654 5026 5.428 5527 NOA 7,856 8,455 9.164 9.97 10.689 10,902 2020 d. Estimate the value of a share of Nike's common stock using the residual operating income (ROM) model as of May 31, 2018: assume a discount rate (WACC) IN and com outstanding of 1,682 million Note: Round your final answer to two decimal places for example, round $15.555 to $15.56). Stock price per share: $ 77.24 e. Nike's stock closed at 586,70 on July 23, 2019, the date the Form 10. was filed with the SEC How does your valuation estimate compare with this conce Stock price in overvalued ng profit after tax (NOPAT) for 2019 assuming a federal and state statutory tax rate of 22%. te: Round your answer to the nearest whole dollar. OPAT: $ 4,006 # My Sub - Use the parsimonious forecast method, as shown in the Analysis Insight box on page 14-5, to forecast sales, NOPAT, and NOA for 2020 through 2023 using the follow Sales growth 8 Net operating profit margin (NOPM) 2019 ratios rounded to three decimal places Net operating asset turnover (NOAD, year-end 2019 ratios rounded to three decimal places Forecast the terminal period value assuming a 2% terminal period growth and using the NOPM and NOAT assumptions above, Note: Round your final answers to the nearest whole dolar. Nike (NKE) Forecast Horizon Reported Terminal (5 millions) 2019 2021 2022 2023 Period Sales 39,117 S 42,2465 45,6265 49.276 532185 54283 NOPAT 4,006 4,309 4654 5026 5.428 5527 NOA 7,856 8,455 9.164 9.97 10.689 10,902 2020 d. Estimate the value of a share of Nike's common stock using the residual operating income (ROM) model as of May 31, 2018: assume a discount rate (WACC) IN and com outstanding of 1,682 million Note: Round your final answer to two decimal places for example, round $15.555 to $15.56). Stock price per share: $ 77.24 e. Nike's stock closed at 586,70 on July 23, 2019, the date the Form 10. was filed with the SEC How does your valuation estimate compare with this conce Stock price in overvalued
