Estimating Share Value Using the DCF Model Following are forecasts of Home Depot’s sales, net operating profit after tax

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Estimating Share Value Using the DCF
Model
Following are forecasts of Home Depot’s sales, net operating profit
after tax (NOPAT), and net operating assets (NOA) as of February 3,
2019, which the company labels fiscal 2018.
Answer the following requirements assuming a discount rate (WACC)
of 7.85%, a terminal period growth rate of 2%, common shares
outstanding of 1,105 million, net nonoperating obligations (NNO) of
$26,327 million.
Required

a. Estimate the value of a share of Home Depot’s common stock using
the discounted cash flow (DCF) model as of February 3, 2019.
Note: Do not round until your final answer;
round your final answer to two decimal places.

Stock price per share: $Answer