12. CSH has an EBITDA of $6 million. You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $8 million in debt, $3 million in cash, and 775,000 outstanding shares. What is your estimate of CSH's stock price? The estimate of CSH's stock price is $_____.(Round to the nearest cent.)

13. Next year, BHH Co. is expected to pay a dividend of $2.84 per share from earnings of $5.09 per share. The equity cost of capital for BHH is 11.8%. What should BHH's forward P/E ratio be if its dividend growth rate is expected to be 4.3% for the foreseeable future? The forward P/E ratio is _____. (Round to two decimal places.)