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Company Alpha is considering acquiring company Beta.

Company A has an outstanding debt of 10Millions, and an interest rate of 7%.

The market capitalization is 50 Millions, and the required equity return is 12%.

Company Beta has a Debt of 25Millions at market value, at an interest rate of 7%. Its operational Income is expected to be 10Millions for the next year (same as last year), and an expected increase of 3% over the next 4 years. From the year 6 onwards, there will be no growth.

Working capital is expected to be 10% Of EBIT, CAPEX will be 9% of EBIT, and depreciation 8% of EBIT.

Beta has 1 Million shares outstanding.

The corresponding tax rate is 25% for both companies

An external advisor explains that the EBITDA multiple in this sector is 7, following this information what would the price for the acquisition be?