2 (City Campus) Consider the following financial information about Vandelay Industries, a global latex manufacturer: Inputs to compute FCFF (in $ million): utline EBIT(1-T) 150 Capex 100 ements Depreciation 53 nts Change in NCWC - 160 ns MV(Debt) 2000 Cash 1000 a Number of shares 76 allery Inputs to compute discount rates and growth rates: High growth rate of FCFF (Stage 1) 14% Stable growth rate of FCFF (Stage 2) 2% WACC 8% Using the information above in a two-stage discounted cash flow (DCF) model, we can conclude that the fair target price of Vandelay Industries is closest to: O $55 O $50 $65 O $60