It is the winter of 2014 and you are advising a special committee of Reynar' Board of Directors on the acquisition of Alpine Corp., an ice-cream novelty business. The special committee has asked you to examine the following data and come up with an estimate of Alpine's value using comparable companies' analysis. Alpine is forecasted to generate earnings before interest, taxes, depreciation and amortization (EBITDA) of $121.4 million. The forecasted earnings per share (EPS) is $1.86. Alpine has cash of $57 million and debt of $125 million. It has 34 million shares outstanding. EV stands for Enterprise Value. BV stands for Book Value and MV stands for Market Value. The amounts are in $ millions. Company EBITDA Net Income BV Equity MV Equity EV 10.2 3.7 26.3 110.1 112.9 Ben Harry's Meyer's 37.0 18.9 113.1 534.0 578.3 Caroline Ice 21.0 10.9 45.1 250.0 287.0 John's 3.9 1.8 11.1 37.4 71.0 Bradbury 463.0 219.5 1,335.3 4,002.5 5,291.5 Cootsie 47.2 25.5 152.8 728.8 784.8 (A) The stock price of Alpine based on the average EBITDA multiple is Round to the nearest two decimal points and ignore the $ sign. (B) The stock price of Alpine based on average Earnings multiple is Round to the nearest two decimal points and ignore the $ sign. It is the winter of 2014 and you are advising a special committee of Reynar' Board of Directors on the acquisition of Alpine Corp., an ice-cream novelty business. The special committee has asked you to examine the following data and come up with an estimate of Alpine's value using comparable companies' analysis. Alpine is forecasted to generate earnings before interest, taxes, depreciation and amortization (EBITDA) of $121.4 million. The forecasted earnings per share (EPS) is $1.86. Alpine has cash of $57 million and debt of $125 million. It has 34 million shares outstanding. EV stands for Enterprise Value. BV stands for Book Value and MV stands for Market Value. The amounts are in $ millions. Company EBITDA Net Income BV Equity MV Equity EV 10.2 3.7 26.3 110.1 112.9 Ben Harry's Meyer's 37.0 18.9 113.1 534.0 578.3 Caroline Ice 21.0 10.9 45.1 250.0 287.0 John's 3.9 1.8 11.1 37.4 71.0 Bradbury 463.0 219.5 1,335.3 4,002.5 5,291.5 Cootsie 47.2 25.5 152.8 728.8 784.8 (A) The stock price of Alpine based on the average EBITDA multiple is Round to the nearest two decimal points and ignore the $ sign. (B) The stock price of Alpine based on average Earnings multiple is Round to the nearest two decimal points and ignore the $ sign