Valuation Using Income Statement Multiples The following table provides summary data for Target and its competitors, Kohl's and Wal-Mart. (in millions) Company assumed value Equity assumed value NOPAT Net income Net nonoperating obligations (assets) Common shares outstanding Target Kohl's Wal-Mart $22,598 $217,306 $21,970 $178,288 $3,069 $1,152 $13,354 $2,767 $1,109 $12,178 $10,109 $628 $39,018 860 shares 321 shares 41 shares (a) Compute the price to NOPAT ratio for both Kohl's and Wal-Mart. Round your answers to two decimal places. Kohl's Wal-Mart