Sora Industries has 63 million outstanding shares, $130 million in debt, $46 million in cash, and the following projected free cash flow for the next four years: Year Earnings and FCF Forecast (S million) 516.0 547.0 60% 366.5 54.4 1703 180.5 1 Sales 2 Growth vs. Prior Year 468.0 81% 574.3 50% 433.0 10.3% Cost of Goods Sold 4 Gross Profit 5 Selling, General, & Admin. 189.5 (936) 1032) 1094) (114.9) (9.5) 65.2 (21.5) (23.8 24.8 (26.1) 9.5 0) 53.8 (75) 59.6 (9 62.1 7 EBIT 8 Less Income Tax at 40% 9 Plus Depreciation 9.0