). 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 12%, $50 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. $6.03 b. $11.12 c. $12.03 d. $20.11
