2. You are evaluating a firm with 96 M fully-diluted shares outstanding and LTM Earnings before Interest and Taxes (EBIT) of $340.4 M. The firm has an October fiscal year end, and the consensus analysts' forecast of future EPS for this target is $2.50 per share for the current fiscal year (ending Oct. 2019) and $2.75 per share for the following fiscal year. The firm's most recent 10-Q reports short-term notes payable of $50 M, long-term debt of $700 M, non-controlling interests of $5.0 M, and cash of $27.0M (no capitalized leases or preferred stock). a. If an Enterprise Value/EBIT multiple of 16.2x (based on LTM EBIT) is appropriate, what is the implied equity price per share of this firm? e b. If the mean forward P/E for the comparable firms of 18.2x (based on estimated 2019 calendar year earnings since the comparable firms all have a December fiscal year end) is an appropriate valuation multiple, what is the implied equity price per share for this firm