Question: Please provide all work for all questions. please also show work through EXCEL . Thank you for your help! 3-10. Estimating Share Value Using the

Please provide all work for all questions. please also show work

Please provide all work for all questions. please also show work through EXCEL.

Thank you for your help!

3-10. Estimating Share Value Using the DCF Model Following are forecasts of Illinois Tool Works Inc. sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31,2018. Answer the following requirements assuming a discount rate (WACC) of 7.35\%, a terminal period growth rate of 2%, common shares outstanding of 328.1 million, and net nonoperating obligations (NNO) of $6,204 million. a. Estimate the value of a share of ITW's common stock using the discounted cash flow (DCF) model as of December 31, 2018. b. Illinois Tool Works Inc. closed at $144.21 on February 15, 2019, 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? 3-10. Estimating Share Value Using the DCF Model Following are forecasts of Illinois Tool Works Inc. sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31,2018. Answer the following requirements assuming a discount rate (WACC) of 7.35\%, a terminal period growth rate of 2%, common shares outstanding of 328.1 million, and net nonoperating obligations (NNO) of $6,204 million. a. Estimate the value of a share of ITW's common stock using the discounted cash flow (DCF) model as of December 31, 2018. b. Illinois Tool Works Inc. closed at $144.21 on February 15, 2019, 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

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