Identifying Comparables and Valuation Using PB and PE

Panera Bread Company's book value per share is $$26\mathrm{.}96$ and its forward earnings estimate per share is $$6\mathrm{.}46.$ The following information is also available for

peer group of companies from the restaurant sector.

b$.$ Assume that you use as comparables the following set of companies: THI, PZZA, and CMG$.$ Estimate Panera's equity intrinsic value per share using the PB ratio from

these peer companies.

Round answer to two decimal places.

$

c$.$ Use the same comparables as in part b and estimate Panera's equity intrinsic value per share using the PE ratio from these peer companies.

Round answer to two decimal places.