Based on the following airline information calculate the private company "Hope Airline" price using comparable company analysis. The expected earnings per share of "Hope" is $4.00 per share and Hope's P/E ratio is very similar to the industry average.

Hint First, calculate P/E ratio of each firm

Price per share Earnings per share

American Airline Group 44 4.00

Delta Air Line (DE) 48 3.00

United Continental Holdings Inc 30 3.75

Southwest Airlines 40 2.75