Medsoft is a privately-owned medical IT company. Provide an estimate of Medsoft's equity value by determining an appropriate P/E ratio for Medsoft. The comparable table has relevant statistics for similar firms and similar M&A deals. Medical IT Industry (In millions) Median Equity Value Annual Net Income Median P/E Ratio Median 5-Year Growth Rate ? $ 20 ? 10% Medsoft Results Six Publicly-Traded Comparable Firms Four Comparable M&A Deals $240 $35 8x 6% $ 400 $45 9x 7% Show your calculations and provide a brief explanation of your