Question: Please help!!! 18 Use the table for the question(s) below. Banco Industries expect sales to grow at a rapid rate over the next three years,

Please help!!! 18 Use the table for the question(s) below. Banco Industries

Please help!!!

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 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 11%,$40 million in cash, $60 million in debt, and 18 million shares outstanding, which of the following is the best estimate of Banco's stock price at the start of year 1? A. $32.41 B. $18.01 C. $16.21 D. $9

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