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12) (7 pts) Using a EV/EBITDA model, what is your estimate of a 1 year horizon value (target price) per share for Company CC if

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12) (7 pts) Using a EV/EBITDA model, what is your estimate of a 1 year horizon value (target price) per share for Company CC if you estimate Co.cc will have 20 million shares outstanding, total value of debt equal to $800 million and cash equal to $65 million next year. In addition you estimate the EBITDA for Co. Co will be $125 million and trade at Ev/EBITDA multiple of 16. (Hint: EV = Market Capitalization + Debt - Cash) (Please show work) 1 year Horizon Value (Target Price) per share =

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