Consider the following data for the airline industry for July 2018 (EV = enterprise value, Book equity book value) Suppose Alaska Air (ALK) has 124 million shares outstanding Estimate Alaska Air's share value using each of the five valuation multiples based on the median valuation multiple of the other seven airlines shown Calculate Alaska Air's shate values using each of the five valuation multiples below. (Round the median to two decimal places. Round the share price to the nearest cent. Round the EV and market cap to the nearest integer) EV/Sales 10 Alaska Air Median (without ALK) Implied EV implied market cap Implied share price $ $ $ Ipany Name Market Capitalization 7.286 Enterprise Value (EV) 8,207 EV/Sales 1.02x EV/EBITDA 5.1x EV/EBIT 6.7x PIE 77% Forward P/E 125x Total Sha 124 ka Air (ALK) Data rican Airlines (AAL) 1 Air Lines (DAL) anan (HA) lue Airways (JBLU) Nest (SKYW) hwest Airlines (LUV) ad Continental (UAL) ce Capital 17,879 35,580 2023 5,450 2,909 30,318 21,961 37 327 44,164 2,057 5,814 5,040 30.691 31,393 0.87% 102x 0.73x O 80X 1 50x 1.44% 0.80X 5.7x 5.7% 3.4x 4 1x 8 2x 8.Ox 4 1x 5.9x 12.6x 8.9x 9.2x 10.5x 10 8x 5.8x 4 9X 6.6x 8.6x 11.4x 8.2x 8 8x 7.2x 10 8x 11 BX 12 3x 93x 7 2x 6.9x 5.7x