FCF Forecast ($ million)
Year	0	1	2	3	4
Sales	240
Growth versus Prior Year		12.50%	7.40%	6.90%	5.00%
EBIT (10% of Sales)
Less: Income Tax (37%)
Less Increase in NWC (12% of Change in Sales)
Free Cash Flow

Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate in year 4. The spreadsheet above is a template for forecasting Banco Industries' free cash flows (FCFs), with assumptions provided.

a) (8 points) Forecast Banco Industries' FCFs in year 1-4. Banco Industries's FCF is expected to be $Answer million in year 1, $Answer million in year 2, $Answer million in year 3, $Answer million in year 4. State your answers in 2 decimal places.

b) (4 points) Banco Industries expect sales to settle to an industry growth rate of 5% in year 4 and after. If Banco industries has a weighted average cost of capital of 11%, $50 million in cash, $80 million in debt, and 18 million shares outstanding, the best estimate of Banco's stock price is $Answer. (1 decimal place)