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Company X has an EBIT of $10 million and $5 million cash. Its debt worth $60 million in market value. Company X's industry average EV/EBIT

Company X has an EBIT of $10 million and $5 million cash. Its debt worth $60 million in market value. Company X's industry average EV/EBIT ratio is 6.2.

X's estimated equity value based on the relative valuation method is?

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