Problem:
Sora Industries has 60 milliion outstanding shares, $120 million in debt, $40 million in cash, and the following projected free cash flow for the next four years:
Suppose Sora's revenue and free cash flow are expected to grow at a 5% rate beyond year 4. If Sora's weighted average cost of capital is 10%, what is the value of Sora's stock based on this information?