Kohler is a private firm which has three divisions: Kitchen and Bath division constitutes 20% of Kohler's assets, Power Systems division constitutes 50% of Kohler's assets, and Research and Development (R&D) division constitutes 30% of Kohler's assets. Comparable for Kitchen and Bath divisions is AS. Comparables for Power Systems division are AW, BS, and CM. Comparable for R&D division is DD and MAS. Estimate the Total Firm Value and Stock Value of Kohler, using Sales Multiples and EBIT Multiples. Assume tax rate is 40% for all firms. Selected Financial Data about Comparable Companies & Kohler (in $millions) American American Briggs & Cummins Diesel Standard Watt Stratton Engine R&D Mas R&D Kohler corp. Ticker AS AW BS CM DD MAS . MV Equity 5000 3500 2500 6000 3500 2000 NA Debt 2200 1500 800 1200 1200 950 1400 Sales 8500 5000 5500 7000 7500 3800 4500 Depreciation 750 850 1000 1100 750 380 600 Operating costs 2500 1750 2500 3000 3500 1200 1800 22 10 15 12 20 Shares outstanding (M) 10 12 Kohler is a private firm which has three divisions: Kitchen and Bath division constitutes 20% of Kohler's assets, Power Systems division constitutes 50% of Kohler's assets, and Research and Development (R&D) division constitutes 30% of Kohler's assets. Comparable for Kitchen and Bath divisions is AS. Comparables for Power Systems division are AW, BS, and CM. Comparable for R&D division is DD and MAS. Estimate the Total Firm Value and Stock Value of Kohler, using Sales Multiples and EBIT Multiples. Assume tax rate is 40% for all firms. Selected Financial Data about Comparable Companies & Kohler (in $millions) American American Briggs & Cummins Diesel Standard Watt Stratton Engine R&D Mas R&D Kohler corp. Ticker AS AW BS CM DD MAS . MV Equity 5000 3500 2500 6000 3500 2000 NA Debt 2200 1500 800 1200 1200 950 1400 Sales 8500 5000 5500 7000 7500 3800 4500 Depreciation 750 850 1000 1100 750 380 600 Operating costs 2500 1750 2500 3000 3500 1200 1800 22 10 15 12 20 Shares outstanding (M) 10 12