Navarro had sales of $630 million in 2012. Suppose you expect its sales to grow at an 8% rate in 2013, but that this growth rate will slow by 2% per year to a longrun growth rate for the industry of 2% by 2016. Based on Navarros past profitability and investment needs, you expect EBIT to be 10% of sales, increases in net working capital requirements to be 8% of any increase in sales, and capital expenditures to equal depreciation expenses. If Navarro has $125 million in cash, $10 million in debt, 25 million shares outstanding, a tax rate of 35%, and a weighted average cost of capital of 12.0%.

A. What is your estimate of the value of Navarros stock in early 2013?

(Kindly show all the steps along with the formulas and tables if necessary)