Cold Goose Metal Works Inc. is a privately owned firm with few investors. Investors' forecast of next year's earnings per share (EPS) is $3.00. The average price-to-earnings (P/E) ratio for companies similar to Cold Goose in the S&P 500 is 11. Cold Goose's common stock has an estimated intrinsic value of $ per share. (Note: Round your answer to two decimal places.) The market multiple analysis process is also used to calculate the value of a company, which can then be spread across the number of common shares outstanding to estimate a firm's per-share intrinsic value. Suppose you have the following information for Blue Badger Biotech Inc.: Blue Badger Biotech Inc. Year 1 Year 2 $10,680 $12,375 EBITDA Total value of equity $121,500 $112,500 Total firm value $182,250 $202,500 In Year 1, Blue Badger has an entity multiple of (Note: Round your answer to two decimal places.)