Following are forecasts of sales, net operating profit after tax
(NOPAT), and net operating assets (NOA) as of February 26, 2011,
for Best Buy, Inc. Refer to the information in the table to answer
the following requirements.
Assume Reported
Horizon Period
(In millions)
2011
2012
2013
2014
2015
Terminal Period
Sales
$40,023
$44,577
$49,650
$55,300
$61,592
$62,208
NOPAT
1,448
1,637
1,808
2,014
2,224
2,257
NOA
5,287
5,893
6,539
7,282
8,140
8,193
Answer the following requirements assuming a discount rate (WACC)...