Suppose Rocky Brands has earnings per share of $$$$2\mathrm{.}22$ and EBITDA of $$$$31\mathrm{.}4$ million. The firm also has $4\mathrm{.}9$ million shares outstanding and debt of $$$$140$ million$($net of$$ 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$$ P$/$E of $13\mathrm{.}4$ and an enterprise value to EBITDA multiple of $7\mathrm{.}4,$ estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more$$ 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.$)$