Halliford Corporation expects to have earnings this coming year of $2.76 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 55% of its earnings. It will then retain 20% of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 23.05% per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all earnings growth comes from the investment of retained earnings. If Halliford's equity cost of capital is 8.9%, what price would you estimate for Halliford stock? Note: Remenber that growth rate is computed as: retention rate x rate of return. The price per share is $. (Round to the nearest cent.) You notice that PepsiCo (PEP) has a stock price of $104.51 and EPS of $6.87. Its competitor, the Coca-Cola Company (KO), has EPS of $2.46. Estimate the value of a share of Coca-Cola stock using only this data. The value of a share of Coca-Cola stock is $ (Round to the nearest cent.) In addition to footwear, Kenneth Cole Productions designs and sources handbags, apparel, and other accessories. You decide, therefore, to consider comparables for KCP outside the footwear industry. You also know the following about KCP: it has sales of $518 million, EBITDA of $55.6 million, excess cash of $100 million, $3 million of debt, EPS of $1.65, book value of equity of $12.05 per share, and 21 million shares outstanding. a. Suppose that Fossil, Inc., has an enterprise value to EBITDA multiple of 11.43 and a P/E multiple of 15.98. What share price would you estimate for KCP using each of these multiples, based on the data for KCP? b. Suppose that Tommy Hilfiger Corporation has an enterprise value to EBITDA multiple of 8.57 and a P/E multiple of 17.13. What share price would you estimate for KCP using each of these multiples based on the data for KCP? a. Suppose that Fossil, Inc., has an enterprise value to EBITDA multiple of 11.43 and a P/E multiple of 15.98. What share price would you estimate for KCP using each of these multiples, based on the data for KCP? Using the Enterprise value/EBITDA ratio for Fossil the price is $ (Round to the nearest cent.)