Robbin Partners, a private equity fund, has identified Nest Corp. as a potential acquisition target. Nest has an EBITDA of $33 million. Robbin knows that these similar deals have recently closed:

Company	EBITDA		Valuation
Shell Technologies	$23	million	$98.9	million
Layer Company	$38	million	$144.4	million
Case Partners	$28	million	$134.4	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.)

Robbin Partners, a private equity fund, has identified Nest Corp. as a potential acquisition target. Nest has an EBITDA of $33 million. Robbin knows that these similar deals have recently closed: 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.)