290 Use the table for the question(s) below. FCF Forecast 15 million) Year 0 1 2 3 4 Sales 240 270 310 Growth vs. Prior Year 3255 12.5% 7.4% 6.94% 50% EBIT (10% of Sales) 27.00 29.00 3100 Less: Income Tax (37%) 32.55 (9.99) 10.73 1147 Less: Increase in NWC (125 of Change in Sales) 12.44 Free Cash Flow 24 24 1.86 13.41 15.87 17.13 18.65 Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate of 4% in year 4. The spreadsheet above shows a simplified proforma for Banco Industries. If Banco industries has a weighted average cost of capital of 12%, 50 milion in cash $70 million in debt, and 18 million shares outstanding, which of the following is the best estimate of Banco's stock price at the start of year 12 3.6 O A $10.15 OB. $9.14 OC. $5.08 OD. $18.28