I need help with parts a-d

-X A Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) 0 1 2 3 4 433.0 Year Earnings & FCF Forecast ($ million) 1 Sales Growth vs. Prior Year 3 Cost of Goods Sold 4 Gross Profit 5 Selling, General & Admin. 6 Depreciation 7 EBIT 8 Less: Income tax at 40% 9 Plus: Depreciation 10 Less: Capital Expenditures 11 Less: Increases in NWC 12 Free Cash Flow 468.0 8.1% (313.6) 154.4 (93.6) (7.0) 53.8 (21.5) 7.0 (7.7) (6.3) 25.3 516.0 10.3% (345.7) 170.3 (103.2 (7.5) 59.6 (23.8) 7.5 (10.0) (8.6) 24.6 547.0 6.0% (366.5) 180.5 (109.4 (9.0) 62.1 (24.8) 9.0 (9.9) (5.6) 30.8 574.3 5.0% (384.8) 189.5 (114.9) (9.5) 65.2 (26.1) 9.5 (10.4) (4.9) 33.3 Sora Industries has 70 million outstanding shares, $130 million in debt, $50 million in cash, and the following projected free cash flow for the next four years : : a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.4% rate beyond year 4. If Sora's weighted average cost of capital is 11.0%, what is the value of Sora's stock based on this information? b. 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? c. Let's return to the assumptions of part (a) and suppose Sora can maintain its cost of goods sold at 67% of sales. However, now suppose Sora reduces its selling, general, and administrative expenses from 20% of sales to 16% of sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.) d. Sora's net working capital needs were estimated to be 18% of sales (which is their current level in year O). If Sora can reduce this requirement to 12% of sales starting in year 1, but all other assumptions remain as in pa (a), what stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in year 1.) a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.4% rate beyond year 4. If Sora's weighted average cost of capital is 11.0%, what is the value of Sora's stock based on this information? The stock price for this case is $ . (Round to two decimal places.) -X A Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) 0 1 2 3 4 433.0 Year Earnings & FCF Forecast ($ million) 1 Sales Growth vs. Prior Year 3 Cost of Goods Sold 4 Gross Profit 5 Selling, General & Admin. 6 Depreciation 7 EBIT 8 Less: Income tax at 40% 9 Plus: Depreciation 10 Less: Capital Expenditures 11 Less: Increases in NWC 12 Free Cash Flow 468.0 8.1% (313.6) 154.4 (93.6) (7.0) 53.8 (21.5) 7.0 (7.7) (6.3) 25.3 516.0 10.3% (345.7) 170.3 (103.2 (7.5) 59.6 (23.8) 7.5 (10.0) (8.6) 24.6 547.0 6.0% (366.5) 180.5 (109.4 (9.0) 62.1 (24.8) 9.0 (9.9) (5.6) 30.8 574.3 5.0% (384.8) 189.5 (114.9) (9.5) 65.2 (26.1) 9.5 (10.4) (4.9) 33.3 Sora Industries has 70 million outstanding shares, $130 million in debt, $50 million in cash, and the following projected free cash flow for the next four years : : a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.4% rate beyond year 4. If Sora's weighted average cost of capital is 11.0%, what is the value of Sora's stock based on this information? b. 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? c. Let's return to the assumptions of part (a) and suppose Sora can maintain its cost of goods sold at 67% of sales. However, now suppose Sora reduces its selling, general, and administrative expenses from 20% of sales to 16% of sales. What stock price would you estimate now? (Assume no other expenses, except taxes, are affected.) d. Sora's net working capital needs were estimated to be 18% of sales (which is their current level in year O). If Sora can reduce this requirement to 12% of sales starting in year 1, but all other assumptions remain as in pa (a), what stock price do you estimate for Sora? (Hint: This change will have the largest impact on Sora's free cash flow in year 1.) a. Suppose Sora's revenue and free cash flow are expected to grow at a 5.4% rate beyond year 4. If Sora's weighted average cost of capital is 11.0%, what is the value of Sora's stock based on this information? The stock price for this case is $ . (Round to two decimal places.)