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Stryker Corporation is a leading medical technology company headquartered in Kalamazoo, Michigan, that trades on the New York Stock Exchange. Use the following information on Stryker and seven other similar companies (indicated by their ticker symbols) to calculate Stryker's implied stock value using each of the 5 indicators of value provided in the chart below. Use the mean values for the 7 other similar companies in the industry as the benchmark to calculate Stryker's implied stock value using its financial data

Stryker Corporation ($ millions)
Sales	10,721
Net income	1,879
Number of common shares (millions)	366
Earnings before interest and tax	2,231
Tax rate	27.40%
Book value of equity	9,132
Book value interest-bearing debt	2,798

	Stryker	BAX	BDX	COV	MDT	SNN	STJ	ZMH
Indicators of Value
Price/earnings (X)	17.8	18.8	25.2	20.7	14.6	22.9	23.8	20.8
MV firm/EBIT(1 Tax rate) (X)	18.9	23.4	24.7	20.5	17.6	25.2	26.7	21.5
MV firm/sales (X)	3.5	3.1	3.1	3.5	4.5	4.7	5.6	3.8
MV equity/BV equity (X)	3.4	5.7	4.2	3.3	2.3	4.9	4.8	2.5
MV firm/BV firm (X)	2.0	1.8	2.1	3.0	1.8	4.0	2.1	1.8

MV = Market value; BV = Book value. Market value is estimated as book value of interest-bearing debt + market value of equity.

Note: Round your intermediate calculations to 1 decimal place. Round your final answers to 2 decimal places.

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