Return to course Support ! Subscrptions to Maduft Valuation Using Income Statement Multiples The following table provides summary data for Target and its competitors, Kohl's and Wal-Mart (in millions) Koht Wal-Mart Company assured value $21. 12.12.300 Equity assumed 52090 2012 NOPI 19 $1.152 511156 Net income $1,100 $12.170 Net nonoperating obligations 10.00 5628 $39.018 Common are outstanding 850 shares 21 shares 41 shares (a) Compute the price to NOPAT ratio for both Kohl's and Wal-Mart, Round your answers to two decimal places. Kohl's 18.7 Wal-Mart 18.1 (b) Use Kohl's and Wal-Mart as comparables, along with the company value to NOPAT ratios from partial and then estimate for Target its company intrinsic value, its equity intrinsic value, and its equity intrinsic value per share Round the intrinsic value and equity intrinsic value to the nearest million and the value per share to the nearest cent Average of the two rounded ratios in (a) above 18.4 * Round to two decimal places.) (b) Use Kohl's and Wal-Mart as comparables, along with the company value to NOPAT ratios from part fail and then estimate for Target is company intrimle value, its equity intrinsic value and its equity intrinsic Value per share Round the intrinsic value and equity intrinsic value to the nearest million and the value pier share to the nearest cent. Average of the two rounded ratios in (a) above 18.4 x found to two decimal places) Use your rounded answer above to calculate the following Intrinsic value 57,885 x million Equity Intrinsie values 49,776 x million Equity intrinsic value per share 55.55 (c) Compute the price to net income ratio for both Kohl's and Wal-Mart Round your answers to two decimal places sh Wat Mart 167 (d) Use Kohl's and Wal-Mart as comparables, along with the equity to net income ratios from part (c), and then estimate for Target its equity intrinsic value and its equity intrinsic valve per share Round the equity intrinsic value to the nearest million and the value per share to the nearest cent Average of the two rounded ratios in (c) above * Round to two decimal places) Use the rounded average calculated above to calculate the following Equity intrinsic values o 0 X Equity intrinsic value per share a Check