Suppose Rocky Brands has earnings per share of $$$$2\mathrm{.}18$ and EBITDA of $$$$30\mathrm{.}2$ million. The firm also has $5\mathrm{.}6$ million shares outstanding and debt of $$$$135$ million$($net of$$ cash$).$ You believe$$ Jared's Outdoor Corporation is comparable to Rocky Brands in terms of its underlying$$ business, but$$ Jared's has no debt. If$$ Jared's has a$$ P$/$E of $12\mathrm{.}9$ and an enterprise value to EBITDA multiple of $7\mathrm{.}9,$ estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more$$ accurate?

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Part $1$

Rocky$$ Brands' stock value by using the$$ P$/$E ratio is $$$

$$

enter your response here per share.$($Round to two decimal$$ places.$)$

The value of Rocky Brands by using the$$ P$/$E ratio is $$$

$$

enter your response here million. $($Round to one decimal$$ place.$)$