Consider the following data for Nike Inc.: In $2018,$ it had $$36,000\mathrm{.}00$ million in sales with a $15\%$ growth rate in $2019,$ but then slows by $2\%$ to the long$-$run growth rate of $5\%$ by $2024.$ Nike expects

EBIT to be $13\%$ of sales, increases in net working capital requirements to be $5\%$ of any increases in sales, and capital expenditures to equal depreciation expenses. Nike also has $$525$ million

in cash, $$38$ million in debt, $1,626$ million shares outstanding, a tax rate of $25\%,$ and a weighted average cost of capital of $9\%.$

a$.$ Suppose you believe Nike's initial revenue growth rate will be between $10\%$ and $20\%($with growth slowing linearly to $5\%$ by year $2024).$ What range of prices for Nike stock is consistent with

these forecasts?

b$.$ Suppose you believe Nike's initial revenue EBIT margin will be between $12\%$ and $14\%$ of sales. What range of prices for Nike stock is consistent with these forecasts?

c$.$ Suppose you believe Nike's weighted average cost of capital is between $8\mathrm{.}5\%$ and $11\%.$ What range of prices for Nike stock is consistent with these forecasts?

d$.$ What range of stock prices is consistent if you vary the estimates as in parts $($a$),($b$),$ and $($c$)$ simultaneously?