You are asked to value CornFields Inc. based on a comparables method. In particular, you are provided with the following industry (peer) averages:

• Price to Earnings ratio (P/E ratio): Stock Price / EPS = 12x
• Price to book ratio (P/B ratio): Stock price / Book value of equity per share = 8x
• Price to sales ratio (P/S ratio): Stock price / Sales per share = 14x

CornFields reported the following data for the relevant period:

• Earnings per share (EPS) = $2.25
• Book value of equity per share = $4.52
• Sales per share = $1.75

a) What is the estimated stock value for CornField Inc based on: P/E ratio?

b) What is the estimated stock value for CornField Inc based on: P/B ratio?

c) What is the estimated stock value for CornField Inc based on: P/S ratio?

Clearly label your findings (e.g., enterprise value = ..) and designate which part of the question you are answering such a, b, c (if there are multiple parts). Show your work by typing it in Canvas. Answers (whether correct or incorrect) without work shown will receive zero points. Simply typing your work will suffice. (e.g., x = y + 2z). No need to use mathematical functions in Canvas.