Suppose Rocky Brands has earnings per share of $$2\mathrm{.}37$ and EBITDA of $$29\mathrm{.}6$ million. The firm also has $5\mathrm{.}8$ 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 $13\mathrm{.}5$ and an enterprise value to EBITDA multiple of $7\mathrm{.}3,$

estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate?

Rocky Brands' stock value by using the P$/$E ratio is $ per share. $($Round to two decimal places.$)$

The value of Rocky Brands by using the P$/$E ratio is $ million. $($Round to one decimal place.$)$