Question 25 As of 12/31/2020, analysts forecast that ANF Co.'s NOPAT will be $329 million in 2024 and $336 in 2025 (the first year of terminal period), respectively, and NOA will be $1,967 million in 2024 and $2,007 million in 2025, respectively. ANF's cost of equity capital is 12%, WACC is 10%, and terminal growth rate is 2%. The PV factor (discount factor) for year 2024 is 0.68301. What is ANF's PV of terminal period ROPI as of 12/31/2020 (round the final answer to the nearest millions)? $1,081 $1,155 $1,189 $683 Question 25 As of 12/31/2020, analysts forecast that ANF Co.'s NOPAT will be $329 million in 2024 and $336 in 2025 (the first year of terminal period), respectively, and NOA will be $1,967 million in 2024 and $2,007 million in 2025, respectively. ANF's cost of equity capital is 12%, WACC is 10%, and terminal growth rate is 2%. The PV factor (discount factor) for year 2024 is 0.68301. What is ANF's PV of terminal period ROPI as of 12/31/2020 (round the final answer to the nearest millions)? $1,081 $1,155 $1,189 $683