Question: 1. The following table provides summary information for J Corp. and its competitors K, Inc. and L Company. Use the information to compute the price

1. The following table provides summary information for J Corp. and its competitors K, Inc. and L Company. Use the information to compute the price to net operating assets ratio for K and L. In addition, using K and L as comparables, compute Js intrinsic value, equity intrinsic value and equity intrinsic value per share.
(All amounts in millions) J K L
Company assumed value 57,250 36,178
Equity assumed value 42,865 35,024
Net operating assets 2,690 7,974 4,085
Book value of equity 1,075 4,587 3,241
Net nonoperating obligations 703 4,387 344
Common shares outstanding 92.4 325.8 185.4

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