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Marshall Industries in an all-equity firm. The company has projected sales of $153 million next year. Costs are expected to be $82 million, and net

Marshall Industries in an all-equity firm. The company has projected sales of $153 million next year. Costs are expected to be $82 million, and net investment is expected to be $20 million. Each of these values is expected to grow over the following four years at 15 percent, 12 percent, 7 percent, and 5 percent, respectively. After that, the growth rate in each of these variables is expected to be 3.5 percent indefinitely. There are 6.2 million shares of stock outstanding. The companys stock has a beta of 1.15, the risk-free rate is 2.8 percent, and the expected return of the market is expected to be 10.7 percent. The corporate tax rate is 21 percent. What is your estimate of the current stock price? (answer is $85.13 but can you show me to how get that)

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