Suppose that in July 2013, Nike Inc. had EPS of $2.61 and a book value of equity of $13.25 per share.

	P/E	Price / Book	Enterprise Value / Sales	Enterprise Value / EBITDA
Average	29.84	2.44	1.12	9.76
Maximum	plus+136%	plus+70%	plus+55%	plus+86%
Minimum	62%	63%	48%	34%

a. Using the average P/E multiple from the table above, estimate Nike's share price.

Nike's share price for this case will be______?

b. What range of share prices do you estimate based on the highest and lowest P/E multiples in the table above?

Range of prices:

The highest price will be_____?(Round to the nearest cent.)

The lowest price will be_____?(Round to the nearest cent.)

c. Using the average price to book value multiple in the table above, estimate Nike's share price.

Nike's share price for this case will be______?

d. What range of share prices do you estimate based on the highest and lowest price-to-book value multiples in the table above?

Range of prices:

The highest price will be_____?(Round to the nearest cent.)

The lowest price will be_____?(Round to the nearest cent.)