In addition to footwear, Kenneth Cole Productions designs and sells 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 $$55\mathrm{.}6$ million, excess cash of $$100$ million, $$3$ million of debt, EPS of $$1\mathrm{.}65,$ book value of equity of $$12\mathrm{.}05$ per share, and $21$ million

shares outstanding.

a$.$ Suppose that Fossil, Inc., has an enterprise value to EBITDA multiple of $10\mathrm{.}18$ and a P$/$E multiple of $16\mathrm{.}37.$ 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 $7\mathrm{.}58$ and a P$/$E multiple of $16\mathrm{.}14.$ 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 $10\mathrm{.}18$ and a P$/$E multiple of $16\mathrm{.}37.$ 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 $$.($Round to the nearest cent.$)$