Fulsom Manufacturing is an all equity company with projected sales of $116 million next year. Costs are expected to be $67.2 million, depreciation is expected to be $5 million, and net investment is expected to be $12.6 million. Each of these values is expected to grow at 10 percent the following year. After that, the growth rate is expected to be 4 percent in perpetuity. There are 4.9 million shares of stock outstanding and investors require a return of 11 percent return on the company's stock. The corporate tax rate is 22 percent. A) What are total cash flows in year 1? B) What are total cash flows in year 2? C) What is the terminal value in year 2? D) What is the stock price? E) Suppose instead that you estimate the terminal value of the company using a PE multiple. The industry PE multiple is 13. What is the terminal value in year 2 using this method??