FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Circulating levels of estrone were measured in a sample of 25 postmenopausal women following estrogen treatment. The sample mean and standard deviation were 73 and 16, respectively. At the .05...

Answered: 1 week ago

Question

★★★★★
Corporate bonds issued by Johnson Corporation currently yield 8 percent. Municipal bonds of equal risk currently yield 6 percent. At what tax rate would an investor be indifferent between these two...

Answered: 1 week ago

Question

★★★★★
14 Polly LTD. makes three products, and currently has a shortage of machine hours since one of its two machines is down. The selling price, costs, and machine time requirements of the three products...

Answered: 1 week ago

Question

★★★★★
On January 1, 2021, Corvallis Carnivals borrows $16,000 to purchase a delivery truck by agreeing to a 6%, three-year loan with the bank. Payments of $486.75 are due at the end of each month, with the...

Answered: 1 week ago

Question

★★★★★
Dakota is an unmarried taxpayer with one dependent child, age 18, living in Dakota's home. Dakota does not itemize deductions and reports AGI of $40,200. The dependent child earned $16,400 from a...

Answered: 1 week ago

Question

★★★★★
Hi-Tek Manufacturing, Incorporated, makes two types of industrial component parts-the B300 and the T500. An absorption costing income statement for the most recent period is shown: Hi-Tek...

Answered: 1 week ago

Question

★★★★★
Question 14 (4 points) As we discussed, project procurement management can require the use of risk management tools tailored to procurement. Which of the following is not a risk management tool a...

Answered: 1 week ago

Question

★★★★★
Probability: Mathematics The metrics of Human Spirit High School can participate in Drama, Choir or Sport. There are 120 matrics, of whom . 65 participate in Drama, 57 participate in Sport and 13...

Answered: 1 week ago

Question

★★★★★
Application 3) (4 marks) Due to employee safety negligence at a nuclear waste facility, 2000 tons of a radioactive element is spilled into the nearby pond. The half-life of the radioactive element is...

Answered: 1 week ago

Previous Question Next Question