On 12/31/2024, analysts forecast that ANF Co.’s NOPAT will b…
On 12/31/2024, analysts forecast that ANF Co.’s NOPAT will be $329 million in 2028 and $336 in 2029 (note: 2029 is the first year of terminal period), respectively. NOA will be $1,967 million in 2028 and $2,007 million in 2029, respectively. ANF’s cost of equity capital is 12%, WACC is 10%, and terminal period growth rate is 2%. The PV factor for year 2028 is 0.68301. What is ANF’s PV of terminal period ROPI as of 12/31/2024 (round the final answer to the nearest millions)?
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