Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate of 6% in year 4 . The spreadsheet above shows a simplified pro forma for Banco Industries. If Banco industries has a weighted average cost of capital of 9%,$40 million in cash, $80 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 1 ? A) $35.21 B) $17.60 C) $31.68 D) $63.37