Robbin Partners, a private equity fund, has identified Nest Corp. as a potential acquisition target. Nest has an EBITDA of $35 million. Robbin knows that these similar deals have recently closed: Company EBITDA Valuation Shell Technologies $25 million $112.5 million Layer Company $40 million $160.0 million Case Partners $30 million $150.0 million Based on the above transactions:

a. What is the average price multiple? (Do not round intermediate calculations. Round your answer to 1 decimal place.)

b. Using the valuation multiple from part (a), what is the estimated value of Nest Corp.? (Do not round intermediate calculations. Round your answer to 1 decimal place.)