companies in the aerospace Relay Group International (RGI). He or undervalued. 3. Jorge Zaldys, CFA, is researching the relative valuation of two companies in the defense industry, NCI Heavy Industries (NCI) and Relay Group Internation has gathered relevant information on the companies in the following table. EBITDA Comparisons (in Millions except Per-Share and Share-Count Data) ORGINCI 150 5 million 100 2 million 100 Company Price per share Shares outstanding Market value of debt Book value of debt Cash and investments Net income Net income from continuing operations Interest expense Depreciation and amortization Taxes 49.5 49.5 Using the information in the table, answer the following questions: A. Calculate P/EBITDA for NCI and RGI. B. Calculate EV/EBITDA for NCI and RGI. C. Which company should Zaldys recommend as relatively undervalued selection. clatively undervalued? Justify the