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 10.93 and a? P/E multiple of 16.59. 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 8.89 and a? P/E multiple of 16.38. What share price would you estimate for KCP using each of these multiples based on the data for? KCP?