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. PE D:V (Leverage) Growth Rate Average 15.01 0.5 15% Highest (% above average) +31% +10% +20% Lowest (% below average) .22% -10% -15% Using the information on average P/E multiples from the table above, KCP's expected share price is and the minimum and maximum price range based on the lowest and highest P/E multiples are and If KCP's leverage is 0.4 do you expect your share price estimate in (a) to be too high or too low? 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? An analysis of the publicly traded firms in the industry indicates that firm PE can be represented as PE=15.26+5*g-2*D/V, where 'g' is the expected earnings growth rate and D/V is the leverage ratio. Note both are given as numbers (i.e. a 20% growth rate means g=0.2 and a 20% leverage means D/V= 2). Estimate KCP's share price using this model