Comparative analysis) Louisiana Fried Chicken (LFC) is hoping to acquire Arkansas Fried Chicken (AFC). LFC has gathered the following information regarding recent acquisitions ofcomparable restaurant chains (dollar amounts in millions): MARKET VALUE PRICE PAID FOR ACQ UISITION OF DEBT EQUITY EARNINGSEBIT EBITDA $225 150 175 25 110 50 $450 600 350 375 330 450 $30 50 25 35 30 45 $ 80 $110 100 85 50 125 85 65 70 85 60 a. Calculate the multiples of earnings, EBIT, and EBITDA paid for cach firm. b. AFC has no debt. Which of the three multiples in part a is most useful for gauging a rea sonable price to pay for AFC? c AFCs carninsare $50 million, its EBIT is $75 million, and its EBITDA is s100 mil lion. What is a reasonable range of acquisition values? Why do the three ratios appear to give inconsistent value ranges