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

$25,303

million, EBITDA of

$3,252

million, excess cash of

$3,343

million,

$1,384

million of debt, and

899.6

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?