Wildhorse's income statement from the fiscal year that ended this past December is: Revenue $935 613 $322 127 Cost of goods sold Gross profit Selling general, & administrative expenses Operating profit (EBIT) Interest expense Earnings before takes Taxes $195 45 $150 60 Net Income $90 All dollar values are in millions. Depreciation and amortization expenses last year were $39 million and the company has $501 million of debt outstanding You are an analyst at a private equity firm that buys private companies, improves their operating performance, and sells them for a profit. Your boss has asked you to estimate the fair market value of the Wildhorse Machine Tool Company. Billy's Tools is a public company with business operations that are virtually identical to those at Wildhorse. The most recent income statement for Billy's Tools is as follows: 100IS IS as follows: Revenue $ 1,658 1,098 $ 560 198 Cost of goods sold Gross profit Selling, general, & administrative expenses Operating profit (EBIT) Interest expense Earnings before taxes Taxes $ 362 11 $ 351 138 Net income $ 213 All dollar values are in millions. Billy's had depreciation and amortization expenses of $67 million last year and had 190 million shares and $560 million of debt outstanding as of the end of the year. Its stock is currently trading at $11.50 per share. (a) Calculate the P/E multiple for Billy's Tools. (Round answer to 2 decimal places, e-8. 15.25.) Billy Tool's P/E multiple is