14-18. Estimating Share Value Using the ROPI Model Following are forecasts of Whole Foods' sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of September 25, 2016. Horizon Period Reported 2016 Terminal Period $ millions 2017 2018 2019 2020 $15,724 $15,881 $16,199 $16,523 $16,853 $17,022 526 524 535 545 556 562 3,466 3,500 3,570 3,642 3,715 3,752 NOA a.Estimate the value of a share of Whole Foods' common stock using the residual operating income (ROPI) model as of September 25, 2016. b.Whole Foods stock closed at $30.96 on November 18, 2016, 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? 14-18. Estimating Share Value Using the ROPI Model Following are forecasts of Whole Foods' sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of September 25, 2016. Horizon Period Reported 2016 Terminal Period $ millions 2017 2018 2019 2020 $15,724 $15,881 $16,199 $16,523 $16,853 $17,022 526 524 535 545 556 562 3,466 3,500 3,570 3,642 3,715 3,752 NOA a.Estimate the value of a share of Whole Foods' common stock using the residual operating income (ROPI) model as of September 25, 2016. b.Whole Foods stock closed at $30.96 on November 18, 2016, 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