Book 1.00 1.57 665 Name Market Enterprise Capitalization Value Enterprise Enterprise Price Valued Value (5 million) is million) PJE Sales Gannet 6350 730 10.163 EBITDA 0.73 14 New York Times 2423 5:04 3472 18.09 264 1.10 McClatchy 675 7.21 3081 9.76 Media General 326 1.88 564 1192 14.89 0.39 Lee Enterprises 1.31 267 7.65 1724 6.55 0.82 Average 11.33 1.25 1.35 6.44 Maximum +80% 1129 +16% Minimum -40% 69% 18% - 1996 The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing fem (not shown) had sales of $630 milion EBITDA of 584 milion excess cash of $64 million, 515 million of debt, and 120 million shares outstanding, if the average enterprise value to sales for comparable businesses is used, which of the following is the best estimate of the firm's share price? OA $7.00 OB. $7.87 OC. $6.75 OD. $7.50