Suppose Rocky Brands has earnings per share of

Suppose Rocky Brands has earnings per share of $2.16 and EBITDA of $29.3 million. The firm also has 5.1 million shares outstanding and debt of $120 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 13.1 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? 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.)