Question 2 An investor is valuing Company XT which has the following expected key financial measures for year-end 2022 (Table 2):- Table 2- Equity value 27,000 7,800 Level of cashe Level of interest-bearing debt Minority interest 4,600 1,200 Financial Investments 1,7804 3,000 Number of equity shares 2022 Expected EBITDA 5,600 Additionally, the investor has the following information about a set of comparable listed companies that are similar both in terms of leverage and in terms of other fundamentals (Table 3):- "Continues on next page..." Table 34 Company EBITDA 2022 4,500 Enterprise value 32,000 26,000 57,000 3,7804 8,600 De For your answers, round computations to one decimal place (e.g., present 1.56 as 1.6).- a. What is the 2022 enterprise value/EBITDA (EV/EBITDA) multiple of company XT implied in the investor's expectations? Explain your answer.- [10 marks] b. Consider only the information on the 2022 EV/EBITDA multiples of the set of comparable companies. What is the conclusion about the relative valuation of company XT? Explain your answer." [10 marks] C. When using a certain multiple in the context of a valuation exercise, it is very important to consider the set of fundamental variables that command that multiple. Do you agree? Explain your answer.' [5 marks]+