Estimating Share Value Using the DCF Model Following are forecasts of Target Corporation's sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of January 30, 2016 Reported Horizon Period Terminal Smillions 2016 2017 2018 2019 2020 Period Sales $73.341 574.800 576,304 577,830 579.387 $80,181 NOPAT 3.300 3.366 3,434 3.502 3.572 3.608 NOA 22.002 22.442 22.891 23349 23,816 24.054 Answer the following requirements assuming a terminal period growth rate of 1%, a discount rate (WACC) of 6%, common shares outstanding of 602 million, and net nonoperating obligations (NNO) of 58,488 million. Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of January 30, 2016. Instructions: Round all answers to the nearest whole number, except for discount factors and stock price per share. Round discount factors to 5. decimal places. Round stock price per Share to two decimal places Do not use negative signs with any of your answers. Reported Terminal (5 millions) 2016 Period increase in NOA FCFF (NOPAT - Increase in NOA) Discount factor (1/7WK) Present value of horizon FCFF Cum present value of horizon FCFF $ Present value of terminal FCFF Totalfirm value Forecast Horizon 2018 2019 2017 2020 NNO $ Firm equity value Shares outstanding wions) Stock price per share