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

1.Assume that the industry average market-to-book 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: $9,087,000,000; Price: $75; Debt: $445,000,000

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