Please complete the equation and show work.

Estimating Share Value Using the DCF Model Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of January 30, 2016 Reported Horizon Period Terminal 5 millions 2016 2017 2018 2019 Period Sales $74.340 575.827 577,344 $78.891 580,469 $81.274 NOPAT 3.345 3.412 3.480 3,550 3,621 3,657 NOA 22.302 22,748 23,203 23.667 24141 24.382 2020 Answer the following requirements assuming a terminal period growth rate of 1%, a discount rate (WACC) of 6%, common shares outstanding of 602 million, and net nonoperating obligations (NNO) of $8,488 million Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of January 30, 2016. Instructions: Round all answers to the nearest whole number, except for discount factors and stock price per share. Round discount factors to 5 decimal places Round stock price per share to two decimal places Do not use negative signs with any of your answers. Reported Forecast Horizon Terminal (5 millions) 2016 2017 2018 2019 2020 Period Increase in NOA 0 FCFF INOPAT - Increase in NOA) Discount factor (1/1) 0 Present value of horizon FCFF Cum present value of horizon FCFF S Present value of terminal FCFF Total firm value NNO Firm equity value Shares outstanding (min) Stock price per share 5 0 0 0 OOOO OOOO oooo 2 0 0 el S 0 0