Adidas had sales of $$40$ billion in $2022.$ Suppose you expected its sales to grow at a rate of $15\%$ in $2023,$ but then slow by $2\%$ per year to the long$-$run growth rate that is characteristic of the apparel industry$5\%$by $2028$

Based on Adidas$$s past profitability and investment needs, you expected EBIT to be $14\%$ of sales, increases in net working capital requirements to be $5\%$ of any increase in sales, and is not expected to have an capital expenditure needs.

$$If Adidas had $$5\mathrm{.}25$ billion in cash, $$3\mathrm{.}8$ billion in debt, $1\mathrm{.}626$ billion shares outstanding, a tax rate of $21\%,$ and a weighted average cost of capital $($required rate$)$ of $10\%,$ what would have been your estimate of the value of Adidas stock in early $2023?$