1. You are trying to value a company using the relative valuation approach. Suppose comparable companies are trading at an average trailing EV/EBITDA multiple of 6.6. The company you are valuing generated an EBITDA of $257 million over the last twelve months, has $429 million of debt, $47 million in cash, and 14 million shares outstanding. What is the company's implied share price? Round to one decimal place.

2. A company is projected to generate free cash flows of $49 million per year for the next two years, after which it is projected grow at a steady rate in perpetuity. The company's cost of capital is 10.9%. It has $24 million worth of debt and $6 million of cash. There are 14 million shares outstanding. If the exit multiple for this company's free cash flows (EV/FCFF) is 14, what's your estimate of the company's stock price? Round to one decimal place.