The tableshows the Market Capitalization, Enterprise Value and multiples for a number of firms in the newspaper publishing industry.Another newspaper publishing firm (not shown) had sales of $24 million, EBITDA of $13 million, excess cash of $4 million, $10 million of debt and 1.2 million shares outstanding.If the average Enterprise Value to Sales for comparable business is used, what is the best estimate of the firm's share price?

Market Enterprise Enterprise Enterprise Name Capitalization Value ($ P/E Price/Book Value/Sales Value/EBITDA ($ Million) Million) Gannet 6,350 10,163 7.36 0.73 1.40 5.04 New York 2,423 3,472 18.09 2.64 1.10 7.21 Times McClatchy 675 3,061 9.76 1.68 1.40 5.64 Media 326 1,192 14.89 0.39 1.31 7.65 General Lee 267 1,724 6.55 0.82 1.57 6.65 Enterprises Average 11.33 1.25 1.35 6.44 Maximum +60% +112% +16% +22% Minimum -40% -69% -18% -19%