Globe is a newspaper publishing company with an EBITDA of $40 million, cash of $10 million, debt of $80 million, and 10 million shares outstanding. The publishing industry as a whole has an average EV/EBITDA ratio of 9. What is one estimate of Globes stock price?

Select one:

a. $29.00

b. $33.00

c. $43.00

d. $45.20

e. $52.00