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An entrepreneur is looking to sell the company she has built during the last few years. The company had a net income of $58 million
An entrepreneur is looking to sell the company she has built during the last few years. The company had a net income of $58 million last year but the earnings are expected to grow 10% for the next twelve months.
Listed companies in the industry trade at a forward P/E multiple of 11x. How much, in $ million, can she expect to sell her company for assuming it'll be valued at the industry multiple?
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