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How to solve excess of depreciation ) to be 8 . 0 % of any increase in sales. KCP has $ 9 8 . 8

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excess of depreciation) to be 8.0% of any increase in sales. KCP has $98.8 million in cash, $3.4 million in debt, 20.4 million shares outstanding, a tax rate of 37%, and a weighted average cost of capital of 11.0%.
a. Suppose you believe KCP's initial revenue growth rate will be between 4.0% and 11.0%(with growth slowing in equal steps to 4.0% by year 2011). What range of share prices for KCP is consistent with these forecasts? year 2011)?
d. What range of share prices is consistent if you vary the estimates as in parts (a),(b), and (c) simultaneously? That is:
A. The range of share prices consistent with these forecasts is from $23.42 to $26.33.
B. The range of share prices consistent with these forecasts is from $22.77 to $29.04.
C. The range of share prices consistent with these forecasts is from $16.92 to $33.44.
D. The range of share prices consistent with these forecasts is from $20.05 to $28.16.
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