The following financial information is excerpted from the 2006 annual report of Retail Products, Inc. (note amounts in thousands)

Balance Sheet
	(in thousands)
	2006	2005
Current assets	$ 449,195	$ 433,049
Investments	32,822	55,072
Deferred charges	4,905	12,769
Property, plant, and equipment, net	350,921	403,128
Trademarks and leaseholds	45,031	47,004
Excess of cost over fair market
value of net assets acquired	272,146	276,639
Assets held for disposal	6,062	10,247
	$ 1,161,082	$1,237,908
Total liabilities	$ 689,535	$ 721,149
Total stockholders' equity	471,547	516,759
	$ 1,161,082	$1,237,908
Income Statement
Net sales	$ 2,020,526	$1,841,738
Cost of goods sold	(2,018,436)	(1,787,126)
Selling and administrative	(300,000)	(250,000)
Interest expense	(40,000)	(30,000)
Net income (loss)	$ (337,910)	$ (225,388)

What is book value at the end of 2006 and 2005?

Assume depreciation expense of $40,000,000 in both 2006 and 2005, what is EBITDA for 2006? For 2005?

How would you value this company?