4) You are given the following information for the publicly traded Quasi Technologies Corp.: The firm has 1.3 million shares of stock outstanding and the stock trades in the market at $6.95 per share. The intrinsic value of the stock is estimated using multiples valuation. The firm has an average EBIT of $21 million on average sales of $36 million. The debt ratio of the firm is 40% on average total assets of $10 million. Industry peer group firms have the following multiples: Equity value as a multiple of EBIT = 0.50 Equity value as a multiple of Sales = 0.25 Intrinsic value of equity as a ratio of book value of equity = 1.625 a) What is the intrinsic value of Quasi Techs stock on a per share basis using the multiples? b) Is the Quasi Tech. stock over-valued, under-valued, or correctly valued in the market? Why or why not? Would you invest in the stock