Manufacturing has projected sales of $200 million next year. Costs are expected to be $100 million, and net investment is expected to be $25 million. Each of these values is expected to grow at 10% the following year, with the growth rate declining by 1% per year until the growth rate reaches 7%, where it is expected to remain indefinitely. There are 10 million shares of stock outstanding and investors require a return of 15% on the companys stock. The corporate tax rate is 21%. (a) What is your estimate of the current stock price? (b) Suppose instead you estimate the terminal value of the company using a forward PE multiple of 10. What is your new estimate of the companys stock price?