P$13-21.$ Estimating Share Value Using the DCF Model Following are forecasted sales, NOPAT, and NOA for Colgate$-$Palmolive for $2019$ through $2022.$Colgate Palmolive $\backslash$$ millionsReported $2018$ Required a$.$ Forecast the terminal period values assuming a $\backslash (1\backslash \%\backslash )$ terminal period growth for all three model inputs: Sales, NOPAT, and NOA. b$.$ Estimate the value of a share of Colgate$-$Palmolive common stock using the discounted cash flow $($DCF$)$ model; assume a discount rate $($WACC$)$ of $\backslash (5\mathrm{.}7\backslash \%\backslash ),$ common shares outstanding of $862\mathrm{.}9$ million, net nonoperating obligations $($NNO$)$ of $\backslash (\backslash$$ $5,640\backslash )$ million, and noncontrolling interest $($NCI$)$ from the balance sheet of $\backslash (\backslash$$ $299\backslash )$ million. c$.$ Colgate$-$Palmolive's stock closed at $\backslash (\backslash$$ $66\mathrm{.}70\backslash )$ on February $21,2019,$ the date the Form $10-$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? d$.$ The forecasts you completed assumed a terminal growth rate of $\backslash (1\backslash \%\backslash ).$ What if the terminal rate had been $\backslash (2\backslash \%\backslash )?$ What would your estimated stock price have been? $\backslash ($ e $\backslash ).$ What would WACC have to be to warrant the actual stock price on February $21,2019,$ given a terminal growth rate of $\backslash (2\backslash \%\backslash )?$ f$.$ Perform a sensitivity analysis of the estimated stock price $($see Exhibit $13\mathrm{.}4).$ Estimate the company's stock price by varying the terminal growth rate from $\backslash (1\backslash \%\backslash )$ to $\backslash (3\backslash \%\backslash )$ in $50$ basis point increments, and the WACC from $\backslash (4\mathrm{.}7\backslash \%\backslash )$ to $\backslash (6\mathrm{.}7\backslash \%\backslash )$ in $50$ basis point increments. This will yield $25$ stock prices.