Suppose Rocky Brands has earnings per share of $2.16 and EBITDA of $29.1 million. The firm also has 4.9 million shares outstanding and debt of $125.6 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 13.5 and an enterprise value to EBITDA multiple of 7.8, estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate?