Suppose that in July $2022,$ Nike Inc. had EBITDA of $$6,552$ million, excess cash of $$13,073$ million, $$12,561$ million of debt, and $1,587\mathrm{.}9$ million shares outstanding.

a$.$ Using the average enterprise value to EBITDA multiple from the table here, $,$ estimate Nike's share price.

b$.$ What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in the table above?

Data table

$\backslash$table$[[\backslash$table$[[$TABLE $10\mathrm{.}1],[$Stock Prices and$],[$Multiples for the$]],$Name,$\backslash$table$[[$Market$],[$Capitalization$],[($$ million$)]],\backslash$table$[[$Enterprise$],[$Value$],[($$ million$)]],$P$/$E$,$Price$/$Book$,\backslash$table$[[$Enterprise$],[$Value$/],[$EBITDA$]]],[$Footwear Industry,Nike, Inc.,$169,857,1,69,487,26\mathrm{.}98,10\mathrm{.}42,23\mathrm{.}8],[($excluding Nike$),$ July,Adidas AG$,31,608,33,002,25\mathrm{.}63,4\mathrm{.}87,11\mathrm{.}13],[2022,$Under Armour,$3,713,3,548,15\mathrm{.}63,2\mathrm{.}05,7\mathrm{.}43],[,$Puma AG$,9,584,9,888,29\mathrm{.}84,3\mathrm{.}83,15\mathrm{.}82],[,$Skechers U$.$S$.$A$.,5,575,6,342,7\mathrm{.}41,1\mathrm{.}63,8\mathrm{.}51],[,$Wolverine World Wide,$1,615,2,576,41\mathrm{.}67,2\mathrm{.}70,23\mathrm{.}04],[,$Steven Madden, Ltd$.,2,608,2,455,10\mathrm{.}81,3\mathrm{.}04,7\mathrm{.}50],[,$Rocky Brands, Inc.,$247,520,10\mathrm{.}74,1\mathrm{.}21,9\mathrm{.}08]]$