Suppose that in January $2006$ Kenneth Cole Productions had sales of $$523$ million, EBITDA of $$58\mathrm{.}8$ million, excess cash of $$97$ million, $$6\mathrm{.}2$ million of debt, and $18$ million shares outstanding. Use the multiples approach to estimate KCP$\text{'}$s value based on the following data from comparable firms: $$

a$.$ Using the average enterprise value to sales multiple in the table above, estimate KCP$\text{'}$s share price.

b$.$ What range of share prices do you estimate based on the highest and lowest enterprise value to sales multiples in the table above.

c$.$ Using the average enterprise value to EBITDA multiple in the table above, estimate KCP$\text{'}$s share price.

d$.$ What range of share prices do you estimate based on the highest and lowest enterprise value to EBITDA multiples in the table above?

a$.$ Using the average enterprise value to sales multiple in the table above, estimate KCP$\text{'}$s share price.

KCP$\text{'}$s share price using the average enterprise value to sales multiple will be $$.($Round to the nearest cent.$)$

$\backslash$table$[[,P_{?},$Price,Enterprise Value,Enterprise Value$],[,\frac{?}{\text{b}\text{a}\text{r}}(E),\frac{?}{\text{b}\text{a}\text{r}}($ Book $),$Sales,EBITDA$],[$Average$,15\mathrm{.}01,2\mathrm{.}84,1\mathrm{.}06,8\mathrm{.}49],[$Maximum$,+51\%,+186\%,+106\%,+27\%$