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[Challenge question, worth 5 marks. I suggest you flag it and attempt it last. It not particularly hard, but it will take a few minutes

image text in transcribed [Challenge question, worth 5 marks. I suggest you flag it and attempt it last. It not particularly hard, but it will take a few minutes to think through.] An equity (stock) analyst who writes reports on Sleep Country (ZZZ.TO) is tryin to determine an estimate of the stock's relative value using an EV/EBITDA approach. She estimates the company's 2023 EBITDA to be $172112072. After researchin ZZZ.TO industry peers, she feels the appropriate EBITDA multiple to use is 8.8x their 2023 EBITDA, to value the stock today. ZZZ.TO balance sheet shows that they have $380098311 in debt $36080168 in cash 34773183 shares outstanding, including in-the money options Given the above, what price target do you think the analyst would estimate for a single share of ZZZ.TO? (Two decimal places.) [Note - you are free to go to Yahoo Finance or another source of stock price information to check ZZZ.TO's current market price. Your answer should be above this price, but below $50.00.]

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