Calculate value created from EBITDA improvement for the leveraged buyout below.

Entry EBITDA	350.0
Acquisition EV EBITDA multiple	12.0 x
Debt financing, entry	1,800.0
Investment time horizon, years	4.0
Exit EBITDA	450.0
EV EBITDA multiple, exit	12.5 x
Total amount of debt repaid	1,000.0

Select one:

225.0

1,200.0

1,000.0

2,425.0