The following data apply to the next three questions: Time Wamer is considering a sale of its publishing division. The division had earnings before interest, taxes, depreciation, and amortization (EBITDA) of 8 1/100 million in the most recent your (depreciation was $ 300 million), growing at an estimated 5% a year (You can assume that depreciation grows at the same rate) The return on equily capital (ROE) in the division is 15%, and the corporiste tax rate is 40%. The cost of capital (COC) for the division is 10% 3 37 of 40 Mans What is your estimate to the division's Value/FCFF multiple? 20x b21% 22x d23X None of the above Unsere 38 of 40 1:39:49 What is your estimate to the division's Value/EBIT multiple? O a 6x Ob 7x OC8x Od 9x 00 None of the above Unsure 39 of 40 What is your estimate to the division's Value/EBITDA multiple? O a 3.761 b 4.762x OC 4.912x O d. 5.818x Unsure O: None of the above