=4/You have to value Nestl, the Swiss food group, using a peer-comparable method. In 2013, Nestl earned

=4/You have to value Nestlé, the Swiss food group, using a peer-comparable method. In 2013, Nestlé earned an operating income of CHF 14bn and had, as of 31/12/2013, a net financial debt of CHF 14.7bn. Nestlé owned 30.5% of L’Oréal, consolidated using the equity method and whose market cap as of 31/12/13 was CHF 93bn. If the 2013 EBIT multiple of food groups was 14, what is your estimation of the equity value of Nestlé?