2. ABC Corp, a transportation company, is projected to have EBIT of $12,000 and depreciation of $4,000 in year 1 (one year from today). The company's debt has a market and face value of $40,000, with an annual coupon rate of 5.5%. The company will maintain 625 common shares outstanding over the next year. Compute an appropriate forward-looking P/E multiple based on firms in the same industry as ABC using information from the table below. Use the price- earnings method to determine the value of equity and price per share of ABC. The tax rate is 21% Company Name Forward-looking P/E Industry Firm 1 27 Pharmaceutical Firm 2 12 Retail Firm 3 13 Pharmaceutical Firm 4 18 Transportation Firm 5 14 Transportation Firm 6 17 Retail Firm 7 15 Transportation Firm 8 11 Retail