Big Z Chicken is a private fast food business located in Georgia. The company sells franchises in the chicken business and charges a 7.00% royalty on all sales of its stores. Here is a quick summary of Big Z company financials:

Company Data Fiscal Year 2018 # of Stores 521.00 Revenues per store $1,000,000.00 Royalty on sales 7.00% EBITDA Margin on Sales 20.00% Balance Sheet Data Fiscal Year 2018 Interest bearing debt $15,000,000.00 Shareholder equity $12,000,000.00 Cash and Marketable Securities $4,000,000.00 We will compare Big Z against Chick-Today, a leader in the fast food business, that has an enterprise value of $409.00 billion and EBITDA of $110.00 billion. Using the multiple for Chick Today, what is a rough estimate for the enterprise value of Big Z chicken