Company G has two business segments: Medical device (MD) and Home Appliance (HA). Estimate the target price of Company G using the following information.

Data source: the most recent 10K (Unit: $B)	Medical device (MD)	Home Appliance (HA)
Revenue	6	12
EBITDA	2	3
Net Income	1	1.2

Number of Shares Outstanding: 0.5 B, Current Stock Price: $96

Total Debt: $12 B, Minority Interest: $2 B, Cash: $1 B

Next Years Estimated EPS: $1.12, Next Years Estimated EBITDA: $5.46 B (MDs EBITDA is expected to grow much faster than HAs: 20% growth rate of MD vs. 2% for HA).

One of the competitors of Company G (HA-3) recently announced that they successfully developed a new technology that saves the electricity consumption of their appliances significantly. After the announcement HA-3s stock price went up sharply. HA-3 is the only company that has the technology in the industry.

Industry	Competitors	Forward EV/EBITDA
MD	MD-1	16.2
	MD-2	15.4
	MD-3	17.8
HA	HA-1	7.9
	HA-2	8.5
	HA-3	12.3

Answer: $________________