Calculate the enterprise value (EV) of a company with market capitalization of $1,500,000, total debt of $500,000, and cash and cash equivalents of $200,000. Given the company’s EBITDA is $400,000, calculate the EV/EBITDA multiple. Discuss the significance of EV and EBITDA in valuation and financial analysis. Analyze the implications of a high or low EV/EBITDA multiple for the company’s valuation and investment attractiveness. Consider the factors that could influence changes in the EV/EBITDA multiple, such as variations in EBITDA, changes in capital structure, and market conditions. Discuss the strategic importance of managing EV and EBITDA, including optimizing capital structure, improving operational efficiency, and enhancing profitability. Explain how the EV/EBITDA multiple can be used in benchmarking against industry peers and evaluating acquisition targets. Discuss the limitations of using EV/EBITDA and how it can be complemented with other valuation metrics.