Use the table for the question$($s$)$ below.

Banco Industries expects sales to grow at a rapid rate over the next three years, but

settle to an industry growth rate of $5\%$ in year $4.$ The spreadsheet above shows a

simplified pro forma for Banco Industries. If Banco Industries has a weighted average

cost of capital of $12\%,$$$50$ million in cash, $$60$ million in debt, and $18$ million shares

outstanding.

a$.$ What is the best estimate of Banco's current share price?

b$.$ If Banco Industries can reduce their operating expenses so that EBIT becomes $12\%$ of

sales, by how much will their share price increase?