You are trying to value a share of ABC stock. Through careful market research, you have determined the following companies are comparable to ABC. Competitor 1 Competitor 2 Competitor 3 Competitor 4 P/E ratio 13 15 19 9 Enterprise Value / Sales ratio 7 8 9.5 7.5 ABC expects earnings per share to be $2.86 and sales to be $850 million over the coming year. Further, ABC currently has $68 million in cash and $1,150 million in debt. The company has 160 million shares outstanding. a. What is the value per share of ABC stock implied by the average P/E ratio of these comparable firms? The value per share $ Round your answer to two decimal places. b. What is the value per share of ABC stock implied by the average Enterprise Value ratio of these comparable firms? The value per share $ Round your answer to two decimal places. c. If you believe the comparable firms are vastly different from ABC in terms of debt usage, which set of ratios do you believe are more reliable in estimating the value per share of ABC stock? Write down 1 if your choice is P-to-E or 2 if your choice is EV-to-Sales