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Use 7.6% as WAAC and terminal growth of 1%. Please show all calculations. thank you M14-12. Estimating Share Value Using the ROPI Model Following are

image text in transcribed Use 7.6% as WAAC and terminal growth of 1%. Please show all calculations. thank you
M14-12. Estimating Share Value Using the ROPI 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 S millions Reported 2018 2019 2020 Terminal Period 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 4. Estimate the value of a share of Target common stock using the residual operating income (ROPI) 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

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