Suppose that in July 2013, Nike Inc. had EPS of $2.45 and a book value of equity of $11.78 per share.

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

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

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

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

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