Estimating Share Value Using the DCF Model Following are forecasts of Home Depot's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of February 3, 2019, which the company labels fiscal 2018. Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. Reported Terminal Sales NOPAT NOA millions 2018 2019 2020 2021 2022 Period $89,808 $96,095 $102,822 $110,019 $117,721 $120,075 10,021 10,763 11,516 12,322 13,185 13,448 21,203 22,686 24,273 25,972 27,791 28,346 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 2% Discount rate (WACC) 7.85% Common shares outstanding 1,105 million Net nonoperating obligations (NNO) $22,762 million a. Estimate the value of a share of Home Depot's common stock using the discounted cash flow (DCF) model as of February 3, 2019. ($ millions) Increase in NOA FCFF (NOPAT - Increase in NOA) Reported 2018 Forecast Horizon 2019 2020 2021 2022 Terminal Period $ 0 $ 0 $ 0 $ 0 $ 0 0 0 0 0 0 Present value of horizon FCFF 0 0 0 0 Cum. present value of horizon FCFF $ 0 Present value of terminal FCFF 0 Total firm value 0 NNO 0 Firm equity value $ 0 Shares outstanding (millions) 0 Stock price per share $ 0 b. Home Depot stock closed at $190.06 on March 28, 2019, the date the Form 10-K was filed with the SEC. How does your valuation estimate compare with this closing price? =