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CSH has EBITDA of $5 million. You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $6 million in debt, $5 million

CSH has EBITDA of $5 million. You feel that an appropriate EV/EBITDA ratio for CSH is 9. CSH has $6 million in debt, $5 million in cash, and 825,000 shares outstanding. What is your estimate of CSH's stock price?

(Round to the nearest cent.)

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