Mr. Phillips, the CFO of Publix Super Markets, wants you to value his private company by using EBIT and EBITDA multiples. He defines the following list of comparable firms. Compute the enterprise value of Publix by applying the comparable (market) based valuation approach (Please use both mean and median values of comps). EBIT and EBITDA is provided below. Show your work on spreadsheet.

					Shares
Company	Fiscal		Shares	Market	Outstanding	Enterprise
Name	Period	Price	Outstanding	Value	Diluted	Value	Sales	EBIT	EBITDA
Publix Super Markets	12/28/2019				709.0		38,462.8	2,889.2	3,605.9
Costco Wholesale	02/16/2020	300.01	441.6	132,478.0	443.7	132,923.0	158,350.0	4,988.0	6,555.0
Walmart	01/31/2020	121.80	2,832.3	344,971.0	2,855.0	414,822.0	523,964.0	21,114.0	32,101.0
Ingles Markets A	12/28/2019	37.15	14.2	732.7	20.3	1,605.6	4,218.6	143.9	257.1
Kroger	02/01/2020	31.06	777.9	24,161.3	804.0	43,732.3	122,286.0	2,583.0	5,872.0
Rite Aid	11/30/2019	13.06	54.8	715.9	53.6	7,248.8	21,580.8	142.0	477.9

a. What is the enterprise value of Publix based on Enterprise Value/EBITDA multiples of competitors?

b. What is the enterprise value of Publix based on Enterprise Value/EBIT multiples of competitors?

c. What is the enterprise value of Publix based on Enterprise Value/Sales multiples of competitors?

d. Which multiples would you use? Justify your answer