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26) The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not

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26) 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 $480 million, EBITDA of $84 million, excess cash of $43 million, $27 million of debt, and 132 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the range of reasonable share price estimates? A) $4.71 to $5.86 B) $4.57 to $5.98 C) $4.36 to $5.89 D) $4.19 to $5.82

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