39. Company A has EBITDA of $4,500 and is purchased for 6x multiple in 2016, financed with $20,000 of debt. In 2019 the company has $5,600 of EBITDA and is sold for the same 6x multiple. Assuming there is $15,000 of debt at the time of the sale, what is the equity return? 40. Base #40 on the following: Yr. 1 Yr. 2 Revenue 700 COGS 300 Gross Profit 400 In Year 2, Sales increased 5%, 1% due to price. In year 1, COGS was 60% variable. What is gross profit in year 2