JVG Inc., is interested in acquiring Hats 'R' Us, Inc. JVG's CFO has examined similar acquisitions that have occurred in the industry and has found that in the recent past acquirers have, on average, offered an enterprise value that is 7x target's forward EBITDA. If Hats 'R' Us' current EBITDA is $2.0m and it has $4.56m in debt, how much should JVG offer (per share) for Hats ' R ' Us'? Assume that Hats ' R ' Us' EBITDA is expected to grow at 4% indefinitely, and that it has 1 million acquisition shares. $15/ share $5/ share $20/ share $10/ share $25/ share