Question 29 Daniel Inc. is a manufacturer of small refrigerators and other appliances. The following figures are from Daniel's most recent financial statements except for the market value of long-term debt, which has been estimated from financial market data Stock price +10% + 20% - 15% Shares outstanding Market value of long- - 20% term debt + 20% - 10% Book value of total debt + 25% + 30% Cash and marketable securities -30% -20% EBITDA + 20% +60% Calculate the EV/EBITDA multiple A. 7.8x B. 8.7x C. 9.2x ASSET MANAGEMENT ON INTERNATIONAL CAPITAL MARKETS