Estimating Share Value Using the ROPI Model Following are forecasts of Illinois Tool Works...

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Accounting

Estimating Share Value Using the ROPI Model
Following are forecasts of Illinois Tool Works Inc. sales, net operating profit afer tax (NOPAT), and net operating assets (NOA) as of December 31,2018.
Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places.
Answer the following requirements with the following assumptions:
(a) Estimate the value of a share of ITW's common stock using the residual operating income model (ROPI) model as of December 31,2018.
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