You are assigned to determine a tair value for AdvBioTech (ABT) Corporation. You determined that market multiples approach would be the best method to determine a fair value for this company. The total asset value of the company is 900million dollars and the liability is 500 million dollars. The company has 50 mililion shares outstanding. ABT also generated 600-milion-dollar-revenue in the current yeat. In a typical year, company's return on equity is 12 percent. You gathered the following three multiples from a close competitor of ABT. The P/E (Price-Eamings) ratio is 41 , Price to saies (P/S) is 4.9, and prico to book (P/B) ratio is 7.7. Based on information given about ABT and its competifor, determine the value of ABT using market mutiples approach. Based on your analyals, what is the fair value of ABT using P/S multiple? 556,43 $45 539.36 $588