Q8. Beach Wear has book value of liabilities of $250,000, book value of equities of $120,000, cash of $50,000, accounts receivable of $72,000, inventory of $88,000, accounts payable of $64,000, notes payable of $40,000, number of outstanding shares of 50,000, current stock price of $5, sales of $350,000, cost of goods sold of $245,000, depreciation of $20,000, interest paid of $5,000, and effective tax rate of 22%. What is the enterprise multiple (Enterprise value-to-EBITDA)? A) 3.04 B) 4.29 C) 4.76 D) 5.37 E) 6.23