An energy firm has a $700 million market value of equity, $400 million interest bearing debt, $100 million in cash and equivalents and an EBITDA of $100 million. What is the enterprise value to EBITDA multiple? A) none of the above B) 0.12 x C) 9.5 x D) 7.5x E) 10.0x Question 18 (5 points) An energy firm has a $1100 million market value of equity, $600 million interest bearing debt, $200 million in cash and equivalents and an EBITDA of $134 million. Exploration expenses paid that year were $68 million. What is the enterprise to EBITDAX multiple? A)7.4 B) 5.3x C) 7.3 x D) 9.5x E) 5.7 x