Suppose that in July 2013, Nike Inc. had sales of

$25,242

million, EBITDA of

$3,247

million, excess cash of

$3,329

million,

$1,388

million of debt, and

900.8

million shares outstanding.

	PE	PriceBook	Enterprise ValueSales	Enterprise ValueEBITDA
Average	29.84	2.44	1.12	9.76
Maximum	+136%	+70%	+55%	+86%
Minimum	62%	63%	48%	34%

a. Using the average enterprise value to sales multiple in the table above, estimate Nike's share price.

b. What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in the table above?

c. Using the average enterprise value to EBITDA 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 enterprise value to EBITDA multiples in the table above?