please answer all of them

8.1% Sora Industries has 63 million outstanding shares, $129 million in debt, $54 million in cash, and the following projected free cash flow for the next four years: Year 0 Earnings and FCF Forecast ($ million) 1 Sales 433.0 468.0 516.0 547.0 574.3 2 Growth vs. Prior Year 10.3% 6.0% 5.0% 3 Cost of Goods Sold (313.6) (345,7) (366.5) (384.8) 4 Gross Profit 154.4 170. 3 180.5 189.5 5 Selling, General, & Admin. (93.6) (103.2) (109.4) (114.9) 6 Depreciation (7.0) (7.5) (9.0) (9.5) 7 EBIT 53. 8 59.6 62.1 652 8 Less: Income Tax at 40% (21.5) (23.8) (24.8) (26.1) a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.2% rate beyond year four. If Sora's weighted average cost of capital is 13.0%, what is the value of Sora stock based on this information? asa wer ingt The stock price for this case is $ (Round to the nearest cent.) Score: U of 1 pt 4 of 11 (11 complete) HW Score: 90.91%, 10 of 11 pts XP 10-8 (similar to) Question Help 8 Less: Income Tax at 40% (21.5) (23.8) (248) (26.1) 9 Plus: Depreciation 7.0 7.5 9.0 9.5 10 Less: Capital Expenditures (10.0) (9.9) (10.4) 11 Less: Increase in NWC (6.3) (8.6) (5.6) (4.9) 12 Free Cash Flow 25.3 24.6 30.8 33.3 a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.2% rate beyond year four. If Sora's weighted average cost of capital is 13.0%, what is the value of Sora stock based on this information? b. Sora's cost of goods sold was assumed to be 67% of sales. If its cost of goods sold is actually 70% of sales, how would the estimate of the stock's value change? c. Return to the assumptions of part(a) and suppose Sora can maintain its cost of goods sold at 67% of sales. However, the firm reduces its selling general, and administrative expenses from 20% of sales to 10% of sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.) aso d. Sora's networking capital needs were estimated to be 18% of sales (their current level in year zero). If Sora con reduce this requirement to 12% of sales starting in year 1, but all other assumptions are as in (a), what stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in A 11 a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.2% rate beyond year four. If Sora's weighted average cost of capital is 13.0%, what is the ingt value of Sora stock based on this information? wer The stock price for this case is (Round to the nearest cont.)