JJB, a private equity firm, acquired Geozone on December 31, 2016, a company with last twelve months (LTM) EBITDA of $882.7 million at an 8.0x LTM EBITDA multiple. EBITDA will grow by 8% annually for the next 5 years. Immediately prior to the acquisition, Geozone had debt of $50.0 million and cash of $20.0 million. Debt and cash balances remained unchanged through the next 5 years.

Assuming a sale on December 31, 2021 at an 8x multiple, how much equity would be created in the acquisition?

A) 3,314.20

B) 10,345.8

C) 3,344.2

D) 7,031.6

E) 3,319.2