Value of Operation (Enterprise value)_0=Net Operating Assets + Present value of expected economic profits (EVA) VoO_0=NOA:+EVA_1/(l + WACC)^1+EVA2/(1+WACC)^2+... Economic profit valuation for Nike, Inc Required return for operations is 9.1% (amount in millions of dollars expect per-share numbers) Please complete the estimate of Nike stock value by filling in the numbers in colored cells. Required return for operations is 9.1% (amount in millions of dollars expect per-share numbers Operating income (01) Net operating assets (NOA) Economic Income (EVA) Discount rate (1.091^t) PV of EVA Total PV of EVA Terminal Value of EVA (TV) PV of TV Enterprise Value (Value of Operation) Book Value of Net Financial Asset (Financial Asset-Financial obligation) Value of common equity Value per share (on 484 million shares) The TV calculation (growth rate g=4%) TV=(1526*1.04)/(1.091-1.04)=31, 118 PV of TV=31, 118/1.417=21, 961 EVA=NO PAT- NOA* WACC Value of Operation (Enterprise value)_0=Net Operating Assets + Present value of expected economic profits (EVA) VoO_0=NOA:+EVA_1/(l + WACC)^1+EVA2/(1+WACC)^2+... Economic profit valuation for Nike, Inc Required return for operations is 9.1% (amount in millions of dollars expect per-share numbers) Please complete the estimate of Nike stock value by filling in the numbers in colored cells. Required return for operations is 9.1% (amount in millions of dollars expect per-share numbers Operating income (01) Net operating assets (NOA) Economic Income (EVA) Discount rate (1.091^t) PV of EVA Total PV of EVA Terminal Value of EVA (TV) PV of TV Enterprise Value (Value of Operation) Book Value of Net Financial Asset (Financial Asset-Financial obligation) Value of common equity Value per share (on 484 million shares) The TV calculation (growth rate g=4%) TV=(1526*1.04)/(1.091-1.04)=31, 118 PV of TV=31, 118/1.417=21, 961 EVA=NO PAT- NOA* WACC