Part E Target Corporation: EV/EBITDA Analysis Lets suppose you forecast Targets EBIT for the year ending January 31, 2013, to be $5,352, and you forecast Targets depreciation and amortization to be $2,361. A research analyst determines that an appropriate forward-looking EV/EBITDA multiple for Target is 6.9 times. Based on this information, 1. Estimate Targets enterprise value, or EV. 2. Next, incorporating the value of Targets debt, estimate the firms value of equity. 3. Finally, based on 679.1 million shares outstanding, estimate the intrinsic value per share and compare it with Targets stock price on January 31, 2012, of $50.81. 4. Based on this analysis, is Targets stock overvalued or undervalued?