7)

Calculate the continuation value of KMS using the following table, and assuming an EBITDA multiple of 8.7. (Click on the following icon in order to copy the contents of the table below into a spreadsheet.) 2019 $16,440 2020 $18,126 2021 $19.820 2022 $21,758 2023 $23,864 2024 $26,205 EBITDA (000) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. . The continuation value is $ thousand. (Round to the nearest integer.)