Lori, a shareholder of Zenlon Inc., would like the company valued using a market-based approach. You have determined that 3 is a comparable EBITDA multiple to calculate the companys enterprise value. The company currently has $600,000 in long-term debt. Further information related to Zenlon is provided below:

Sales	$ 4,900,000
Operating expenses	(3,800,000)
Amortization	(200,000)
Operating income	900,000
Interest expense	(150,000)
Income taxes	(190,000)
Net income	$ 560,000

What is the value of the shares of Zenlon Inc. using a market-based approach?

Question 22 options:

a)	$1,875,000

b)	$2,100,000

c)	$2,700,000

d)	$3,300,000