Calculate the continuation value of KMS using the following table, and assuming an EBITDA multiple of

8.7.

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in order to copy the contents of the table below into a spreadsheet.)

	2019	2020	2021	2022	2023	2024
EBITDA (000)	$16,450	$18,153	$19,805	$21,794	$23,898	$26,229

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.

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Part 1

The continuation value is

$enter your response here

thousand.(Round to the nearest integer.)