Suppose Company X had an EPS of $0.60, sales of $640 million, EBITDA of $85 million, stockholders equity of $480 million, $10 million of debt, cash of $50 million, and 120 million shares outstanding. Based on the industry EV/EBITDA ratio of 2.25, what is an estimate of the price per share of Company X?

A) $1.01

B) $7.42

C) $1.93

D) $1.59