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Lotharan Corp. has yearly sales of $28.5 million and costs of $12.9 million. The company's balance sheet shows debt of $54.5 million and cash of
Lotharan Corp. has yearly sales of $28.5 million and costs of $12.9 million. The company's balance sheet shows debt of $54.5 million and cash of $38.5 million. There are 1,960,000 shares outstanding and the industry EV/EBITDA multiple is 8. What is the company's enterprise value? (Do not round intermediate calculations and round your answer to the nearest whole number. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) Enterprise value TA 126
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