Suppose Rocky Brands has earnings per share of $2.21 and EBITDA of $30.7 million. The firm also has 5.6 million shares outstanding and debt of $130 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 13.2 and an enterprise value to EBITDA multiple of 7.4, estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate? per share. (Round to two decimal places.). Rocky Brands' stock value by using the P/E ratio is $ The value of Rocky Brands by using the P/E ratio is $ million. (Round to one decimal place.)