Question: Valuation Using an Income Statement Multiple Motorola Solutions Inc. was trading at $76.28 per share. Earnings estimates for the next 12 months were $5.04 per

Valuation Using an Income Statement Multiple Motorola Solutions Inc. was trading at $76.28 per share. Earnings estimates for the next 12 months were $5.04 per share. The industry average forward PE ratio is 15.44. Using the industry average forward PE, estimate the intrinsic value of Motorola’s equity per share.

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