1 1 . ASSUME that the industry average market- to- book ratio for the car industry 15 3 . Estimate the fair value of Madi Corp based on the industry average multiple and the data Supplied below . 1 5. marks ) Data : Shares outstanding . 187. 000, 000; Equity : $9. 087. OOO. 000; FriCE : $75 ; Debt: $ 415, 000, 000 12 . You are all investor considering the purchase of Shares in Nanamobiles , a maker of Specialty Scooters . Shares of Nanmobiles are trading for $ 75, and its book value Per Share is $ 20.00. You have collected market - to - book information on Nanamobiles " main Competitors ; this is in the table below . What is the fair value of Nanamobile Shares and Should You buy them ? 15 marks ) MI /B Grandpa MIOtors 3. 5 Pops' Scooter 2. 4 Retired \Roadmasters 3. 0 Old Dog Enterprises 13 . " All Equity markets are Efficient, " SarahI said . " I disagree , " Said Chloe . " Large cap- markets are Efficient - but Small- cap markets are not, " She continued . Olivia went Further . " What about developing country markets . I think these are not Efficient ." What do you think ? Is Sarah . Chloe or Olivia right ? or are none of them right ?" Take a position and support it . 15 mark's*