Please fix

Estimating Share Value Using the DCF Model Following are forecasts of Abercrombie & Fitch's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of February 2, 2013. Reported Horizon Period (in millions) 2013 2014 2015 2016 2017 Terminal Period Sales $4,511 54,872 $5,262 $5,683 $6,138 $6,261 NOPAT 242 261 282 305 329 336 NOA 1,446 1,562 1,687 1,821 1,967 2,007 Answer the following requirements assuming a discount rate (WACC) of 10%, a terminal period growth rate of 2%, common shares outstanding of 78.4 million, and net nonoperating obligations (NNO) of $(372) 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 discounted cash flow (DCF) model as of February 2, 2013. Rounding instructions: Round answers to the nearest whole number unless noted otherwise. Use your rounded answers for subsequent calculations. Horizon Period 2015 125 157 2016 134 171 2017 146 Terminal Period 40 296 183 0.68301 0.82645 129.7527 X 0.75131 128.474 x 124.9908 x Do not use negative signs with any of your answers. Reported (In millions) ) 2013 2014 Increase in NOA 116 FCFF (NOPAT - Increase in NOA) 145 Discount factor [1/(1+rw' {Round 5 decimal places) 0.90909 Present value of horizon FCFF 131.8 x Cum present value of horizon FCFF S 515 Present value of terminal FCFF 2,527 Total firm value 3,042 NNO 372 Firm equity value S 3,414 Shares outstanding (millions) 78.4 (Round one decimal place) Stock price per share S 43.55 (Round two decimal places)