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4. Sora Industries has 64 million outstanding shares, $123 million in debt, $46 million in cash, and the following projected free cash flow for the

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4. Sora Industries has 64 million outstanding shares, $123 million in debt, $46 million in cash, and the following projected free cash flow for the next four years: 2. b. Sora's cost of goods sold was assumed to be 67% of sales. If its cost of goods sold is actually 70% of sales, how would the estimate of the stock's value change? sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.) stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in year 1 .) The stock price for this case is $ (Round to the nearest cent.) b. Sora's cost of goods sold was assumed to be 67% of sales. If its cost of goods sold is actually 70% of sales, how would the estimate of the stock's value change? The stock price for this case, when COGS increases, is $ (Round to the nearest cent.) sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.) The stock price for this case, when selling, general, and administrative costs decrease, is $ (Round to the nearest cent.) stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in year 1 .) The stock price for this case, when working capital needs are reduced, is \$\$ (Round to the nearest cent.)

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