Harley-Davidson Inc. (HOG) produces motorcycles, motorcycle parts, and related accessories and merchandise in the United States and internationally.It is headquartered in Milwaukee, Wisconsin.Use the following information on Harley-Davidson and five other similar companies to value Harley-Davidson as of December 31, 2004. HARLEY-DAVIDSON INC. Financial information ($ millions) 2004 Net income $889.77 Number of common shares, millions 294.31 Earnings before interest and tax $1,506.16 Tax rate 35.0% Book value of equity $3,218.47 Book value interest-bearing debt $1,295.44 Total sales $5,320.45 Total assets $5,483.29 Harley-Davidson Arctic Cat Brunswick Polaris Industries Marine Products Winnebago Industries 5-year growth rate in sales (%) 15.5 6.2 4.1 6.1 15.5 10.8 5-year growth rate in eps (%) 28.1 11.1 47.1 15.9 25.1 17.2 Interest coverage ratio (X) 60.9 * 8.9 85.1 * * Total liabilities to assets (%) 0.4 0.3 0.6 0.5 0.2 0.5 Total assets ($ millions) 5,483 286 4,346 793 110 395 Price/earnings (X) 16.9 17.8 27.8 28.6 18.6 MV firm/EBIT(1-tax rate) (X) 17.3 19.4 24.3 29.0 17.6 MV equity/BV equity (X) 2.8 2.8 8.0 7.7 6.5 MV firm/BV firm (X) 2.8 2.3 7.7 7.7 6.5 Price/sales (X) 0.8 0.9 1.6 2.7 1.2 MV firm/sales (X) 0.8 1.1 1.7 2.7 1.2 * These companies have little or no interest-bearing debt outstanding.

Please show formulas. Thanks!