2010 2011 2012 2013 REVENUES COGS GROSS PROFIT SG&A DEPRECIATION OPERATING INCOME INTEREST EXPENSE 42,000 31,200 10,800 4,000 1,200 5,600 44,500 32,500 12,000 4,100 1,270 6,630 1,900 47,000 34,000 13,000 4,300 1,300 7,400 1,700 51,000 36,800 14,200 4,450 1,350 8,400 1,300 CAP EX 2,200 2,300 2,300 2,400 DEBT 0 31,600 26,600 18,000 a. Calculate EBITDA and OCF for each of the 4 years. b. Calculate interest coverage for 2011-2013, both including and excluding cap ex. c. Calculate the EBITDA margin for each year. d. At the end of 2010 a buyer purchases Widget Company for 7x EBITDA. What is the purchase price? e. How much was the value of the equity in Widget Company worth at the time of purchase? f. The buyer financed the purchase price in part with $34,000 of debt. How was the rest of the purchase financed? g. At the end of 2013 the company is sold for 7x EBITDA. What is the sales price? How much money do the equity holders receive? What is the equity return