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Acme Products Corp., a chemicals firm, has $706 million in earnings before interest, taxes, depreciation, and amortization (EBITDA), $214 million in debt, $90 million in
Acme Products Corp., a chemicals firm, has $706 million in earnings before interest, taxes, depreciation, and amortization (EBITDA), $214 million in debt, $90 million in cash, and 28 million in outstanding shares. The average enterprise value to EBITDA (EV/EBITDA) ratio of firms in the chemicals industry is 13. What should a share of Acme Products Corp. be worth?
Answer in Millions and round to two places to the right of the decimal.
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