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an 310 69 Use the table for the question(s) below. RCF Forecast is willion Year 1 Sale 200 220 290 335.5 Growth Prior Year 125%

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an 310 69 Use the table for the question(s) below. RCF Forecast is willion Year 1 Sale 200 220 290 335.5 Growth Prior Year 125% 749 5.0% EBIT (10% of Sales 27.00 2900 3100 3255 Lesu: Income Tax 120 (5.40 580 620 6.51 Les Increase in NWC (129 of Change in Sales 3.60 2.0 Free Cash Row 1800 2050 2240 2418 Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate of 5% in year 4. The spreadsheet above shows a simplified pro forma for Banco Industries, ir Banco Industries has a weighted average cost of capital of 11%. 540 million in cash. $60 milion 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 1? O A $18.01 OB $9 OC $16.21 OD $32.41

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