EBITDA is $10$mm$,$ Free Cash Flow is $15$mm$.$ The Entry and Exit multiples are $5$x$.$ Leverage is $3$x upon entry. At the time of the exit, $50\%$ of the debt is paid down. For simplicity, assume cash is $0.$ Let$$s assume that we have a $3$x MOIC. The sponsor puts up all of the upfront equity, but due to management options, $20\%$ of the equity at exit is owned by management. What is the TEV when the business was sold?