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Question 3 (6 points) You are using relative valuation model to evaluate Extreme Networks, a leader in providing software-driven networking solutions for various businesses. The

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Question 3 (6 points) You are using relative valuation model to evaluate Extreme Networks, a leader in providing software-driven networking solutions for various businesses. The following is the most recent data for Extreme Networks: Share price - $5.80 Share outstanding - 123.01 million Revenue - $928.32 million EBITDA - $35.06 million Net debt - $261.61 million Peer group Cisco Juniper Network Arista Networks Netgear Inc Mean EV/EBITDA 10.32 10.38 24.71 11.26 14.1675 a) How much is the implied Extreme Network's share price based on EV/EBITDA multiple of the peer group? (4 points) b) Is Extreme Networks overvalued based on this analysis? (2 points) In your written response, please start with question numbers such as a) or b) before showing your work and answer to the

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