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please answer asap!! Price: $56.05 (See Value Line) Malibu Boats is a leading designer and manufacturer of power leisure boats and is the market leader

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Price: $56.05 (See Value Line) Malibu Boats is a leading designer and manufacturer of power leisure boats and is the market leader in performance power boats with an estimated market share of 34%. Based on vertical integration the EBT margin has expanded from 9% in 2020 to 15% in 2022 and has a 2022 ROE of 33.9% with low financial leverage. (See Value line for details). Malibu's strong balance sheet and healthy free cash flow generation has allowed the company flexibility to withstand cyclical downturns and finance acquisitions to boost growth from cash on hand. EPS over the past five years (2017-22) has grown annually at 38%, and future EPS growth over the next 5 years is estimated at 8% to 10% annually. Despite its stellar performance, the stock is well below its 2021 high of $93 and sells at an estimated PE of 6.9 on projected 2023 earnings, compared to an estimated P/E of 18.5x for the S\&P 500. Additional information: Market cap of $1.1 billion (small cap) Low P/E makes company a value stock Sector: Consumer Cyclical Consensus Price target (Yahoo Finance): $69.25 (potential price appreciation of 24% ) Based on the above information, the content of Chapter 14, the Value Line and the price information on the following page, please answer the following three questions and respond to at least two posts from your classmates in the Discussion this week: 1) Do you consider the market for Malibu common stock to be efficient? Explain and support your answer based on the definition of market efficiency. 2) As presented in Chapter 14, do behavioral finance concepts explain the price behavior of Malibu stock following its earnings release on May 3, 2023? Explain your answer. 3) Would you buy Malibu stock at its current price of $56.05 ? Justify your decision on the information in this exercise and not subsequent events or prices. Malibu Boats Closing Prices from 5 Days before Earnings Announcement Date of 5/3/23 to 20 Days After First Quarter 2023 Results: EPS beat consensus estimate by 9.2%; the fourth consecutive quarterly beat Revenue beat consensus estimate by 9.0%; the fourth consecutive quarterly beat

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