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Use the table for the question(s) below. Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to

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Use the table for the question(s) below. Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate of 7% in year 4 . The spreadsheet above shows a simplified pro forma for Banco Industries. If 8 anco industries has a weighted average cost of capitat of 11%,$30 mition in cash, $60miltion in debt, and 18 mitfion shares outstanding: which of the following is the best estimate of Banco's stock price at the start of year 1 ? A. $46.15 B. 52564 C. $12,82 D. $23.07

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