Please calculate the transaction multiple of EBITDA.

On December 31, 20X1, Company A acquired the remaining 70.00% of the outstanding shares of Company B. that it did not previously own for $600 million. Company B had no options outstanding and $120.0 million of net debt as of 12/31/X1.

Company B. 20X1 results were:

EBITDA		$82.8 million
Net Income		$41.7 million

Select one:

a.10.4x

b.7.2x

c.11.8x

d.None of the listed answers

e.8.7x