A private equity firm considers acquiring the company per 31/12/2018 and uses multiples valuation. It will use 5.5x the 2018 EBITDA of debt to finance the acquisition at the entry date. The private equity firm targets to exit the company after 5 years at the end of 2023 and expects to realise an exit EBITDA-multiple of 10.0x. Because all intermediate cash flows the firm will generate are used to repay the debt, you may assume that the expected net debt