Valuation Using Income Statement Multiples The following table provides summary data for Target and its competitors, Kohl's and Wal-Mart. (in millions) Company assumed value Equity assumed value NOPAT Net income Net nonoperating obligations (assets) Common shares outstanding Kohl's $13,255 $9,254 $902 $673 $4,001 186.0 shares Wal-Mart $251,159 $209,830 $16,421 $14,694 $41,329 3,162.0 shares Target $3,788 $3,363 $8,714 640.2 shares (a) Compute the price to NOPAT ratio for both Kohl's and Wal-Mart. Round your answers to two decimal places Kohl's 14.7 Wal-Mart 15.29 (b) Use Kohl's and Wal-Mart as comparables, along with the company value to NOPAT ratios from part (a), and then estimate fTor Target its company inrinsic 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