just want to know how the answer is $65.2 million

help!

Relative valuation lecture: What happens if we apply a 20% discount for a private company when valuing Helix instead of the other discount used in the slides? Recall that the average EBITDA multiple for comparable firms is 10.48 . If Helix anticipates earning $10 million in EBITDA this year (same as in the lecture), then we estimate the equity value of Helix to be what, using a private company discount of 20% ? [Reminder: Helix has $2.4 million in cash and $21 million in interest bearing debt.] Equity value of $65.2 million for Helix