Suppose Oklahoma Logistics and Transport (OLT) has earnings per share of $2.75 and an EBITDA of $55 million. OLT also has 4 million shares outstanding and debt of $125 million (net of cash). You believe that Texas Trucking (TT) is comparable to OLT in terms of its underlying business, but IT has no debt. IT has a P/E of 10 and an enterprise value to EBITDA multiple of 8. Based upon the price earnings multiple, the value of a share of Texas Trucking is closest to: $21.60. $27.50. $24.15. $28.60