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Sora Industries has 7070 million outstanding shares, $126 million in debt, $47 million in cash, and the following projected free cash flow for the next

Sora Industries has 7070 million outstanding shares, $126 million in debt, $47 million in cash, and the following projected free cash flow for the next four years:

Year 0 1 2 3 4
Earnings and FCF Forecast ($ million)
1 Sales 433 468 516 547 574.3
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 53.8 59.6 62.1 65.2
8 Less: Income Tax at 40% (21.5) (23.8) (24.8) (26.1)
9 Plus: Depreciation 7 7.5 9 9.5
10 Less: Capital Expenditures (7.7) (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`

Suppose Sora's revenue and free cash flow are expected to grow at a 4.9% rate beyond year four. If Sora's weighted average cost of capital is 9.0%,

what is the value of Sora stock based on this information?

The stock price for this case is $8.80.

HERE is where I need help...

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?

The stock price for this case, when COGS increases, is________________?

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