Suppose Rocky Brands has earnings per share of $2.29 and EBITDA of $29.4 million. The firm also has 5.9 million shares outstanding and debt of $120.9 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 PIE of 13.4 and an enterprise value to EBITDA multiple of 7.2, estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate? Rocky Brands' stock price per share by using the P/E ratio is $ per share. (Round to two decimal places.) The value of Rocky Brands' stock by using the P/E ratio is $ million. (Round to one decimal place.) Suppose Rocky Brands has earnings per share of $2.29 and EBITDA of $29.4 million. The firm also has 5.9 million shares outstanding and debt of $120.9 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 PIE of 13.4 and an enterprise value to EBITDA multiple of 7.2, estimate the value of Rocky Brands stock using both multiples. Which estimate is likely to be more accurate? Rocky Brands' stock price per share by using the P/E ratio is $ per share. (Round to two decimal places.) The value of Rocky Brands' stock by using the P/E ratio is $ million. (Round to one decimal place.)