answer a and b

Suppose Rocky Brands has earnings per share of $2.35 and EBITDA of $30.4 million. The firm also has 5.5 million shares outstanding and debt of $130 million (net of cash). You believe Jared's Outdoor Corporation is comparable to Rocky Brands in terms of its underlying business, but Jared's has no debt. If Jared's has a PIE of 13.4 and an enterprise value to EBITDA multiple of 7.1 , estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate? Rocky Brands' stock value by using the P/E ratio is $ per share. (Round to two decimal places.) The value of Rocky Brands by using the PIE ratio is million. (Round to one decimal place.)