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Sora Industries has 66 million outstanding shares, $130 million in debt, $40 million in cash, and the following projected free cash flow for the next

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Sora Industries has 66 million outstanding shares, $130 million in debt, $40 million in cash, and the following projected free cash flow for the next four years: Year 1 2 3 Earnings and FCF Forecast ($ million) 1 Sales 433.0 468.0 516.0 547.0 574,3 2 Growth vs. Prior Year 8.1% 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 63.8 59.6 62.1 65.2 8 Less: Income Tax at 40% (21.5) (23.8) (24.8) (26.1) MINH a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.8% 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? The stock price for this case is $ (Round to the nearest cent.)

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