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Globe is a newspaper publishing company with an EBITDA of $60 million, cash of $10 million, debt of $80 million, and 10 million shares outstanding.

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Globe is a newspaper publishing company with an EBITDA of $60 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 14. What is one estimate of Globe's stock price? Select one: a. $29.00 b. $33.00 O c. $43.00 d. $77.00 e. $91.00

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