Question 40 of 50 On December 30, 2013: Company Y trades at $10 per share .Enterprise Value EBITDA multiple of 5.0x Leverage ratio of 0.6x (Net debt/EBITDA) .2007 EBITDA- $2.0 billion Assume no cash on company Y's balance sheet On December 31, 2013: Company Y undergoes an LBO and is recapitalized The company's new leverage ratio becomes 5.0 Rianp t sp foreAhthe IEITOAmutiphe n enityeristhethe current multiple. Required rate of return is 25% Exit year EBITDA projected to be $3.0 billion The company's leverage ratio at exit is 1.6x What is the implied Enterprise Value in the exit year? $10.0 billion $15.0 billion $12.0 billion $10.5 billion