A company had total revenues of $56 million, operating margin of 24.1%, and depreciation and amortization expense of $14 million over the trailing twelve months. The company currently has $265 million in total debt and $68 million in cash and cash equivalents. The company's shares are currently trading at $30.8 per share and there are 11 million shares outstanding. What is its EV/EBITDA ratio? Round to one decimal place.

Hint: Equity value = Market capitalization = price x number of shares outstanding