Please answer c and d ONLY I will upvote Thanks!

Sora Industries has 65 million outstanding shares, $127 million in debt, $59 million in cash, and the following projected free cash flow for the next four years: Year 0 1 2 4 Earnings and FCF Forecast ($ million) 1 Sales 468.0 516.0 547.0 2 Growth vs. Prior Year 8.1% 10.3% 6.0% 3 Cost of Goods Sold (313.6) (345.7) (366.5) 4 Gross Profit 154.4 170.3 180.5 5 Selling, General, & Admin (93.6) (103.2) (109.4) 6 Depreciation (7.0) (7.5) (9.0) 7 EBIT 53.8 59.6 62.1 8 Less: Income Tax at 40% (21.5) (23.8) (24.8) 433.0 574.3 5.0% (384.8) 189.5 (114.9) (9.5) 65.2 (26.1) Seming, Gen, & ATHINE. 6 Depreciation 7 EBIT 8 Less: Income Tax at 40% 9 Plus: Depreciation 10 Less: Capital Expenditures 11 Less: Increase in NWC 12 Free Cash Flow (93.0) (7.0) 53.8 (21.5) 7.0 (7.7) (6.3) 25.3 (103.2) (7.5) 59.6 (23.8) 7.5 (10.0) (8.6) 24.6 (105.4) (9.0) 62.1 (24.8) 9.0 (9.9) (5.6) 30.8 (9.5) 65.2 (26.1) 9.5 (10.4) (4.9) 33.3 c. Return to the assumptions of part (a) and suppose Sora can maintain its cost of goods sold at 67% of sales. However, the firm 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.) (Round to The stock price for this case, when selling, general, and administrative costs decrease, is S the nearest cent.) d. Sora's net working capital needs were estimated to be 18% of sales (their current level in year zero). If Sora can reduce this requirement to 12% of sales starting in year 1, but all other assumptions are as in (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.) (Round to the nearest The stock price for this case, when working capital needs are reduced, is $ cent.)