Suppose that in January 2006 Kenneth Cole Productions had EPS of $2.57 and has 1 million shares outstanding. The following table represents data on a set of publicly traded comparable firms. D:V (Leverage) Growth Rate 15.01 15% Average Highest (90 above average) Lowest (% below average) 0.5 + 31% +10% + 2090 22% -10% -15% Using the information on average P/E multiples from the table above, estimate KCP's share price and the price range based on the highest and lowest P/E multiple:s If KCP's leverage is 0.4 do you expect your share price estimate in (a) to be too high or too low? Explain If KCP's expected earnings growth rate is 10% do you expect your share price estimate in (a) to be too high or too low? Explain a. b. c