The industry average P/E for the athletics and apparel industry is 18.8. Estimate the fair value of Nike's shares based on the industry average multiple and the data supplied in the table below. Price $65 EPS $3 Debt $S45M Equity $9,087M Cash $3,630M EBITDA $2,770M Shares 487M 1 $11.43 2 $68.00 3 $87.50 4 $65.00 5 $56.40