Suppose that in January 2006 Kenneth Cole Productions had sales of $538 million, EBITDA of $58.5 million, excess cash of $90 million, $6.6 million of debt, and 22 million shares outstanding. Use the multiples approach to estimate KCP'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'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'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? Data table P Price Click on the following icon in order to copy its contents into a spreadsheet.) Enterprise Value Enterprise Value E Book Sales EBITDA Average 15.01 2.84 1.06 8.49 Maximum +51% +186% +106% +27% Minimum -42% -61% -56% -22% - X