Minster Inc. is examining its dividend policy and has provided you with the following information: 1 2 3 Revenues $1,200.00 $1,400.00 $1,600.00 Net Income $35.00 $65.00 $155.00 Total Non-cash WC as % of revenues 10.00% 10.00% 10.00% Dividend Payout 0.00% 10.00% 20.00% The non-cash working capital currently is $150 million and the company has a cash balance right now of $50 million. In the most recent year, depreciation amounted to $75 million and capital expenditures were $100 million. You expect depreciation to grow 8% a year and capital expenditures to increase 8% a year, each year for the next 3 years. Assuming that the company would like to double its cash balance by the end of year 3 and do a stock buyback in year 3, estimate how much cash the company will have available for its buyback. A. $59.21 B. $68.35 C. $67.50 D. $61.55