Valuel Sales 1.4 Capitalization Value ($ million) ($ million) 6350 10,163 2423 3472 675 3061 1192 14.89 267 1724 Valuel EBITDA 5.04 7.21 5.64 1.10 1.40 Pricel P/E Book 7.36 0.73 18.09 2.64 9.76 1.68 0.39 6.55 0.82 11.33 1.25 +60% 112% - 40% 69% Gannet New York Times McClatchy Media General 326 Lee Enterprises Average Maximum Minimum 1.31 7.65 1.57 1.35 +16% - 18% 6.65 6.44 +22% - 19% The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $620 million, EBITDA of $84 million, excess cash of $66 million, $13 million of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the best estimate of the firm's share price? A. $6.68 B. $7.00 C. $7.42 D. $7.79