Base 37-38 on the following: + 2011 2012 2013 REVENUES COGS GROSS PROFIT SG&A DEPRECIATION OPERATING INCOME INTEREST EXPENSE 44,500 32,500 12,000 4,100 1,270 6,630 1,900 47,000 34,000 13,000 4,300 1,300 7,400 1,700 51,000 36,800 14,200 4,450 1,350 8,400 1,300 CAP EX 2,300 2,300 2,400 DEBT 31,600 26,600 18,000 37. Assume the company was purchased in 2011 for a 9x multiple using $31,600 of debt. What is the purchase price? How much equity is used? 38. Assume the company is sold at the end of 2013 for a 9x multiple. What is the equity return