Question 3 (16.67 points) You are trying to value Zimco Telecom Inc., a money losing company that reported EBITDA of --$80 million in the most recent year on revenues of $1 billion. You expect revenues to grow 6% a year for the next 5 years and the EBITDA/Revenue margin to improve to 8% by year 5. If healthy telecom companies trade at a multiple of 6 times EBITDA and you choose to apply this multiple to the fifth year's expected EBITDA, estimate the value of equity per share today. (You have a cost of capital of 12% for the next 5 years, a cash balance of $ 50 million, debt outstanding of $200 million and 12 million shares outstanding today.) $0.00 $10.19 $17.87 $41.03 None of the above