Short Answer
Following are financial statement numbers and select ratios for Target Corp. for the fiscal year 2016.
Forecast assumptions and other financial information for Target are as follows:
Required:
a. Use the discounted free cash flow (DCFF) model to estimate the value of Target's equity, per share at fiscal year-end 2016.
b. Target Corp. shares closed at $53.82 per share on March 8, 2017, the date the 10-K was filed with the SEC. How does your valuation compare with this closing price?
Correct Answer:

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*$3,554 / [0.07...View Answer
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