Question 10 (1 point) You've been given the following comparable information in USD $. You want to calculate a price estimate of WestJet today. Westjet's EBIT for 2018 was $180.8 M USD (after the necessary adjustments to compare earnings to US airlines). Westjet has 115.65 M shares outstanding, debt of $300 M and cash of $1,502 M. Use an average multiple to determine the estimate of the Westjet share price today based on the comparable companies listed. Market Capitalization 40857 Enterprise Value (EV) 45846 P/Book EV/Sales EV/EBITDA EV/EBIT P/E 1.1 8.6 15 0.9 6.5 11.5 27249 38937 7.2 22000 0.7 28522 12 3.4 26 Company Name Delta Air Lines (DAL) American Airlines (AAL) United Continental (UAL) Southwest Airlines (LUV) Alaska Air (ALK) JetBlue Airways (JBLU) SkyWest (SKYW) Hawaiian (HA) 28499 10396 28125 9870 1.5 1.8 7.7 18.4 16.1 13.4 4.1 4.4 6.3 6.1 7338 1039 1974 8189 2590 2281 1.3 0.8 8.2 9.6 11.1 9.9 13.8 21.2 15.1 2.4 0.7 5.3 7.3 A. $30.98 D. $19.59 B.O $25.79 c. $21.65