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 priceearnings 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