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 $545M
Equity $9,087M
Cash $3,630M
EBITDA $2,770M
Shares 487M
A) $11.43
B) $56.40
C) $65.00
D) $68.00
E) $87.50
B
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