the stock price per share is $81.25

3-9. Estimating Share Value Using the DCF Model Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of February 2, 2019. which we label fiscal year 2018. Forecast Horizon Period $ millions Reported 2018 2019 Terminal Period 2020 2021 2022 Sales. NOPAT NOA $75,356 3,269 23,020 $79,124 3,402 24,197 $83,080 3,572 25,407 $87,234 3.751 26,677 $91,596 3,939 28.011 $93,428 4,017 28,571 Cambridge Business Publlshers Module 13 I Cash-Flow-Based Valuation 13-3 Answer the following requirements assuming a terminal period growth rate of 2%, a discount rate (WACC) of 7.63%, common shares outstanding of 517.8 million, and net nonoperating obligations (NNO) of $11,723 million. a. Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of February 2, 2019. b. Target Corporation (TGT) stock closed at $77.12 on March 13, 2019, the date the 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? What do you believe are some reasons for the difference