Suppose Company X had an EPS of $0.40, sales of $420 million, EBITDA of $95 million, stockholders equity of $460 million, $14 million of debt, cash of $75 million, and 120 million shares outstanding. Based on the industry P/E ratio of 12.00, what is an estimate of the price per share of Company X?

a) $9.50

b) $10.01

c) $4.80

d) $46.00