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Use the company's year-to-year EPS growth rate in 2019 as the constant growth rate, please calculate the company's trailing Price-Earnings (PE) ratio in 2019. Target

Use the company's year-to-year EPS growth rate in 2019 as the constant growth rate, please calculate the company's trailing Price-Earnings (PE) ratio in 2019.

Target Corporation (ticker: TGT) Income Statements Sales Cost of Goods Sold EBIT 2019 2018 75,356 72,714 55,523 53,350 4,202 4,315 Pretax Income Net Income Number of Common Shares Outstanding Cost of Equity Plowback Rate 3,676 3,630 2,937 2,914 518 542 7.00% 7.00% 42.00% 42.00%|

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