Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New York Stock Exchange. Use the following information on Stryker and seven other similar companies (indicated by their ticker symbols) to calculate Stryker's implied stock value using each of the 5 indicators of value provided in the chart below. Use the mean values for the 7 other similar companies in the industry as the benchmark to calculate Stryker's implied stock value using its financial data

Stryker Corporation ($ millions)
Sales	10,021
Net income	1,592
Number of common shares (millions)	359
Earnings before interest and tax	2,203
Tax rate	25.30%
Book value of equity	9,097
Book value interest-bearing debt	2,784

	Stryker	BAX	BDX	COV	MDT	SNN	STJ	ZMH
Indicators of Value
Price/earnings (X)	17.8	18.1	24.3	20.5	13.9	22.2	23.1	20.8
MV firm/EBIT(1 Tax rate) (X)	18.5	22.7	23.3	20.5	16.9	24.5	26.0	21.5
MV firm/sales (X)	3.5	3.1	3.1	3.5	4.3	4.0	4.9	3.8
MV equity/BV equity (X)	3.3	5.0	4.2	3.3	3.0	4.2	4.1	2.5
MV firm/BV firm (X)	2.0	1.8	2.1	2.3	1.8	3.3	2.1	1.8

MV = Market value; BV = Book value. Market value is estimated as book value of interest-bearing debt + market value of equity.

Note: Round your intermediate calculations to 1 decimal place. Round your final answers to 2 decimal places.

\begin{tabular}{|l|l} \hline \multicolumn{1}{|c|}{ Indicators } & \begin{tabular}{c} Stryker's implied \\ stock value \end{tabular} \\ \hline Price/earnings (X) & \\ \hline MV firm/EBIT (1 Tax rate) (X) & \\ \hline MV firm/sales (X) & \\ \hline MV equity/BV equity (X) & \\ \hline MV firm/BV firm (X) & \\ \hline \end{tabular}