Reported Forecast Horizon Period 2019 $ millions 2018 Sales NOPAT NOA $75,906 3,269 23,570 Terminal Period...

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Reported Forecast Horizon Period 2019 $ millions 2018 Sales NOPAT NOA $75,906 3,269 23,570 Terminal Period 2020 2021 2022 $79,124 $83,630 $87,234 $92,146 $93,428 3,952 3,572 4,301 3,939 4,567 24,197 25,957 26,677 28,561 28,571 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 2% Discount rate (WACC) 7.63% Common shares outstanding 517.80 million Net nonoperating obligations (NNO) $12,273 million ($ millions) Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of February 2, 2019. Forecast Horizon Terminal 2020 2021 Period Reported 2018 Increase in NOA FCFF (NOPAT - Increase in NOA) Present value of horizon FCFF Cum. present value of horizon FCFF $ Present value of terminal FCFF Total firm value NNO Firm equity value Shares outstanding (millions) Stock price per share tA $ $ $ 2019 $ $ $ 2022 ter the answers into the provided spaces below with two decimal place $ Reported Forecast Horizon Period 2019 $ millions 2018 Sales NOPAT NOA $75,906 3,269 23,570 Terminal Period 2020 2021 2022 $79,124 $83,630 $87,234 $92,146 $93,428 3,952 3,572 4,301 3,939 4,567 24,197 25,957 26,677 28,561 28,571 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 2% Discount rate (WACC) 7.63% Common shares outstanding 517.80 million Net nonoperating obligations (NNO) $12,273 million ($ millions) Estimate the value of a share of Target common stock using the discounted cash flow (DCF) model as of February 2, 2019. Forecast Horizon Terminal 2020 2021 Period Reported 2018 Increase in NOA FCFF (NOPAT - Increase in NOA) Present value of horizon FCFF Cum. present value of horizon FCFF $ Present value of terminal FCFF Total firm value NNO Firm equity value Shares outstanding (millions) Stock price per share tA $ $ $ 2019 $ $ $ 2022 ter the answers into the provided spaces below with two decimal place $

Answer rating: 100% (QA)

To estimate the value of a share of Target common stock using the discounted cash flow DCF model we need to calculate the following steps Step 1 Calculate the Free Operating Firm Flow FOFF FOFF NOPAT ... View the full answer