Harley-Davidson Inc. 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.(answer in billions. round to 1 decimal)

	Harley-Davidson Inc. 2004 ($ millions)				Price/earnings (x)
Net income	$ 889.77			Arctic Cat	16.9
Number of common shares, millions	294.31			Brunswick	17.8
Earnings before interest and tax	$ 1,506.16			Polaris Industries	27.8
Tax rate	35.0%			Marine Products	28.6
Book value of equity	$ 3,218.47			Winnebago Industries	18.6
Book value interest-bearing debt	$ 1,295.44
Total Sales	$ 5,320.45
Total Assets	$ 5,483.29