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Question 18 For 2020, Target Co. reports sales of $72,596 million, NOA of $29,318 million, and NOPM of 3.7%. For 2021, expected sales growth is

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Question 18 For 2020, Target Co. reports sales of $72,596 million, NOA of $29,318 million, and NOPM of 3.7%. For 2021, expected sales growth is 4.2%, and NOPM is expected to remain at the 2020 level. Discount rate (WACC) is 6%. What is Target's expected Residual Operating Income (ROPI) in 2021 (round final answer to the nearest millions)? $1,615 $927 $1,040 $969

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