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1 1. Assume that the industry average market-tobook ratio for the car industry is 3. Estimate the fair value of Madi Corp based on the

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1 1. Assume that the industry average market-tobook ratio for the car industry is 3. Estimate the fair value of Madi Corp based on the industry average multiple and the data supplied below. {5 marks) Data: Shares outstanding: 487,000,000; Equity: $9,037,000,000; Price: $75; Debt: $445,000.000

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