Nike had sales of $25.3 billion in 2012. Suppose you expect its sales to grow at a rate of 10% in 2013, but then slow by 1% per year to the longrun growth rate that is characteristic of the apparel industry 5% by 2018. Based on Nike's past protability and investment needs. you expect EBIT to be 10% of sales, increases in net working capital requirements to be 10% of any increase in sales, and capital expenditures to equal depreciation expenses. If Nike has $3.3 billion in cash, $1.2 billion in debt, 893.6 million shares outstanding, a tax rate of 24%, and a weighted average cost of capital of 10%, a. What is your estimate of the value of Nike's stock in early 2013? (5 points) b. Suppose you believe Nike's initial revenue growth rate will be between 7% and 11% (with growth always slowing linearly to 5% by year 2018). What range of prices for Nike stock is consistent with these forecasts? (5 points)