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Calculate the continuation value of KMS using the following table and assuming an EBITDA multiple of 8.9. 2013 2014 2015 2016 2017 EBITDA (000) 2018

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Calculate the continuation value of KMS using the following table and assuming an EBITDA multiple of 8.9. 2013 2014 2015 2016 2017 EBITDA (000) 2018 $26.171 $16497 $18.141 S19889 2 1728 $23842 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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