17 Mekong Industries is currently selling for 590 per share. The firm's earnings last year were $5 per share. You are trying to decide whether the firm is a good choice for your portfolio. As part of your due diligence, you gather information on the P/E ratio for Mekong's three closest competitors: 1) Comp One's P/E - 19,2) Comp Two's P/E - 21, and 3) Comp Three's P/E - 20. Using the average P/E for the competing firms, is Mekong a good buy? Why? Yes, because Mekong is undervalued by $10 Yes, because Mekong is overvalued by $10 No, because Mekong is overvalued by 510 No, because Mekong is undervalued by $10