Industries has 63 million outstanding shares. $128 million in debt, $53 million in cash, and the following projected free cash flow for the next four years: Year 0 1 2 3 4 Earnings and FCF Forecast (5 million) 1 Sales 433.0 4680 516.0 547.0 5743 2 Growth vs. Prior Year 81% 10.3% 6.0% 5.0% 3 Cost of Goods Sold (313.6) (345.7) (366.5) (384.8) 4 Gross Profit 154.4 170,3 180.5 189.5 6 Selling, General, & Admin (93.6) (1032) (109.4) (114.9) 6 Depreciation (7.0) (75) (9.0) (9.5) 7 EBIT 53,8 59.6 62.1 65.2 8 Less: Income Tax at 40% (21.5) (238) (24.8) (26.1) 246 Plus: Depreciation LIU 70 75 10 Less: Capital Expenditures 90 9.5 (77) 11 Loss Increase in NWC (100) (95) (104) (86) (56) 12 Free Cash Flow 253 30 8 333 2. Suppose Sora's revenue and free cash flow are expected to grow it a 4.15 rate beyond year four I Sora's weighted average cost of cialis 110%, what is the value of Sorsook besed on information? b. Sora's cost of goods sold was assumed to be 67% of sales of its cost of goods sold is actually 70% of sales, how would the estimate of the stock's value charge c. Return to the assumptions of part (a) and suppose Sora can maintain ts cost of goods sold at 67% of sales. However, the firm reduces is saling general, and is from 20 of to 16% of sales What stock price would you estimate now? (Assume no other expenses de aces, rected) d. Sota's net working capital needs were estimated to be 18% of sale their current level in year zero). Sora can reduce this requirement in 12 sales starting in your but bersumption in (a) what stock price do you estimate for Sora? (Hint. This change will have the largest impact on Soma's free cash flow in year 1) a. Suppo Sora's revenue and free cash flow are expected to grow at 41% rate beyond year tour. Sora's weighted average cost of capital is 11.05What e Sorondon information? The stock price for this case is $(Round to the nearest cont.) b. Sora's cont of goods sold was assumed to be 67% of sales. If its cost of goods sold is actually 70% of sales, how would the estimate of the stock's vate change? The stock price for this case, when Coos increases, a $(Round to the nearest cent.) Enter your answer in each of the answer boxes