Assume CJ's PE firm has a required minimum IRR on their investments of 30%

1.) If the CJ's PE firm had acquired Trenton Enterprises with $400 million of assets by using $300 million in debt.

2.) Assume over the next five years, CJ's PE firm pays down $120 million of debt used to finance the purchase of Trenton.

3.) Assume CJ's PE firm can sell Trenton Enterprises for 8x EV/EBITDA

What is the minimum EBITDA Trenton Enterprises would need to generate five years from now for CJ's PE firm to make their minimum IRR?