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Calculate the continuation value of KMS using the following table, and assuming an EBITDA multiple of 8.9. 2013 $16,455 2014 $18,140 2015 $19,863 2016 $21,706

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Calculate the continuation value of KMS using the following table, and assuming an EBITDA multiple of 8.9. 2013 $16,455 2014 $18,140 2015 $19,863 2016 $21,706 2017 $23,825 2018 $26,243 EBITDA (000) The Tax Cuts and Jobs Act of 2017 temporarily allows 100% bonus depreciation (effectively expensing capital expenditures). However, we will still include depreciation forecasting in this chapter and in these problems in anticipation of the return of standard depreciation practices during your career. The continuation value is $ thousand. (Round to the nearest integer.)

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