Part a is right, just need part b answered!

Problem 9-28 Stock Valuation and Cash Flows Full Boat Manufacturing has projected sales of $116.5 million next year. Costs are expected to be $68.2 million and net investment is expected to be $126 million. Each of these values is expected to grow at 9 percent the following year with the grovuth rate declining by 1 percent per year until the grovfth rate reaches 5 percent, where it is expected to remain indefinitely. There are 5 million shares of stock outstanding and investors require a return of 12 percent return on the company's stock The corporate tax rate Is 23 percent. a. What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose instead that you estimate the terminal value of the company using a PE multiple The industry PE multiple is 11- What Is your new estimate of the company's stock price? (Do not round intermediate calculations and round your answer to 2 decimal: places, e.g., 32.16.) a. Share price b. Share price 76133,