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Provided below are an analyst's forecasts of a company's revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 12/31/2021.
Provided below are an analyst's forecasts of a company's revenue, net operating profit after tax (NOPAT), and net operating assets (NOA) as of 12/31/2021. ($ millions) Reported 2021 2022 Revenue: NOPAT: NOA: Forecast Horizon Period 2023 2024 2025 Terminal Period $8,854.0 $886.1 $9,665.4 $7,420.0 $7,716.8 $8,025.5 $8,346.5 $8,680.4 $742.6 $772.3 $803.2 $835.3 $868.7 $8,100.0 $8,424.0 $8,761.0 $9,111.4 $9,475.9 The following additional information is provided (dollar and share amounts in millions). Common shares outstanding: 1,750.0 Net nonoperating obligations (NNO): $2,770.0 Noncontrolling interest (NCI): $40.0 Preferred stock: $0.0 . WACC: 5.0% Terminal growth: 2.0% Use the discounted cash flow (DCF) method to answer the following questions. Do not round intermediate calculations. All values other than per-share amounts are shown in millions. According to the discounted cash flow model, what is the total value of the firm? According to the discounted cash flow model, what is the value per share of common stock?
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