b. You decide to use EV/EBITDA multiple to value 3RDROCK. Ignore the answers in part a. Use the information in the table below to value 3RDROCK. (12 months ending 31 Dec, 2016, forecast and calendarised) Forecast ($ thousand) 3RDROCK SunTech Gross Profit Depreciation and amortization Operating expenses Other income EBIT Net interest expenses Earnings before tax Tax expense @ 20% Earnings after tax Debt (most recent) Cash and Cash equivalent (most recent) Number of shares outstanding (thousand) (Current) Weighted average number of shares (thousand) (over 12 months ended 31Dec, 2016) Share Price (Current) 50,000 600 1,000 20 9,500 300 9,200 -1,840 7,360 16,000 2,000 10,000 9,900 N/A 80,000 500 900 30 7,900 200 7,700 -1,540 6,160 10,000 20,000 8,000 8,800 8.00