Suppose that Kenneth Cole Productions (KCP) had earning per share (EPS) of $1.65. In addition to footwear, KCP designs and sells handbags, apparel, and other accessories. You decide, therefore, to consider comparable for KCP outside the footwear industry. Suppose that Fossil Inc. has a P/E multiple of 18.4. What share price would you estimate for KCP using P/E multiple, based on Fossils data? Suppose that Tommy Hilfiger Corporation has a P/E multiple of 17.2. What share price would you estimate for KCP using P/E multiple, based on Tommy Hilfigers data? Show formulas or how you calculated the answer.