FCF Forecast ($ million)Year​​0​1​2​3​4​Sales​240​270​290​31…

FCF Forecast ($ million)Year​​0​1​2​3​4​Sales​240​270​290​310​325.5​Growth versus Prior Year​​12.5%​7.4%​6.9%​5.0%​EBIT (10% of Sales)​​27.00​29.00​31.00​32.55​Less: Income Tax (20%)​​(5.40)​5.80​6.20​6.51​Less Increase in NWC (12% of Change in Sales)​​3.60​2.40​2.40​1.86​Free Cash Flow​​18.00​20.80​22.40​24.18Banco Industries expect sales to grow at a rapid rate over the next three years, but settle to an industry growth rate of 6% 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 9%, $40 million in cash, $80 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?

According to the chapter, evolution can only build and modif…

According to the chapter, evolution can only build and modify upon existing structures, which is shown by the fact that some of areas of our body are not ideally “designed.”  Which is one area of our body that is prone to injury according to the textbook?