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Suppose your firm has an EBITDA of $11.4 million and $25.4 million in debt. If a similar, publicly traded firm has equity worth $74.3 million,
Suppose your firm has an EBITDA of $11.4 million and $25.4 million in debt. If a similar, publicly traded firm has equity worth $74.3 million, debt worth $83 million, and an EBITDA of $26.6 million, find the value of your firm's equity using a relative valuation. Assume neither firm has a significant amount of cash on hand, write your answer in millions, and include two decimal points (e.g., 3.21 for $3.21 million)
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