Calculate the multiple of net income.

(All data in millions, except the share price)

Current Stock Price:	$16.00		Shares Outstanding:	13.000
Short-term debt:	$24.0		Diluted shares outstanding:	15.000
Long-term debt:	$180.0		Cash & equivalents:	$33.0
Total liabilities:	$480.0		Minority interest:	$0.0
EBITDA:	$42.5		Net income:	$15.0

Select one:

a. 13.9x

b. 29.9x

c. 16.0x

d. 9.7x

e. 27.4x