You are analyzing the price/book value ratios for firms in the trucking industry

You are analyzing the price/book value ratios for firms in
the trucking industry relative to returns on equity and required rates of
return.The data on the
companies is provided below:CompanyPBVROEBetaBuilders Transport2.0011.5%1.00Carolina Freight0.605.5%1.20Consolidated Freight2.6012.0%1.15J.B. Hunt2.5014.5%1.00M.S. Carriers2.5012.5%1.15Roadway Services3.0014.0%1.15Ryder System2.2513.0%1.05Xtra Corporation2.8016.5%1.10The treasury bond rate is 7%.a. Compute the average PBV ratio return on equity and beta
for the industry.b. Based upon these averages are stocks in the industry
under or overvalued relative to book values.