Two ambitious business graduates, Boris and Isabelle, are considering purchasing Premier Pizza, a frozen pizza manufacturer, Forecasted annual sales for the coming year are 59 million, with operating costs equal to 65% of sales, depreciation is 4% of sales, and required annual investment in equipment is 5% of sales. Sales, costs, and investments are expected to grow 5% in perpetuity. On the basis of their analysis of the industry, Boris and Isabelle anticipate financing their company with 28% debt. The required rate of return on the debt will be 5% and the required rate of return on the equity will be 12%. Premier Pizza's corporate tax rate is 35%. The risk free interest rate is 4% and the market risk premium is 6% a. What is the maximum price Boris and Isabelle should be willing to pay for Premier Pizza? Expert Answer o Type here to search hp OSC CA $ 7