Conglomerate Inc. has 20 million shares outstanding and its stock is currently trading at $25 a share.The firm has two divisions: industrial electrical equipment and machine tools.The following table provides financial information for each division (in millions of dollars): Industrial Electrical Equipment Machine Tools Net Income 19.61 21.2 Sales 52.9 278.71 Book Value of Equity 134.83 279.32 EBITDA 17.46 49.44 Total Debt 7.33 55.01 Since the managers believe that both divisions are being undervalued by investors, they are considering a divestiture program.To justify this program, the managers have collected the following data for several industrial electrical equipment and machine tools companies: Industrial Electrical Equipment Nidec Eaton Market Value of Equity/Sales 2.29 0.94 Market Value of Equity /Book Value of Equity 4.04 1.65 Enterprise Value/EBITDA 14.539 13.405 Enterprise Value/Sales 2.31 1.17 Total Debt $1,430M $3,470M Price per Share $24.53 $67.61 Number of Shares 557.17M 166.7M Machine Tools Kaydon Stanley Works Market Value of Equity/Sales 2.37 1.2 Market Value of Equity /Book Value of Equity 1.6 2.27 Enterprise Value/EBITDA 8.512 9.38 Enterprise Value/Sales 1.84 1.47 Total Debt 0 $1,380M Price per Share $33.70 $53.36 Number of Shares 33.23M 80.63M Note: Enterprise value is equal to the market value of equity plus total debt. Should the firm go ahead with the divestiture program?Please justify your answer.