Use relative valuation (multiple-based approach) to find the per share value estimate of a private company with EBITDA of $225 million

Net debt of $560 million

No preferred equity and no minority interest

Public company comps have EV/EBITDA multiples of 11.1x and 10.3x

Shares outstanding: 100 million

Based on your valuation estimate, which of the following per share values for the private company is closest to the "right" value for its shares.

Group of answer choices

$18.25 per share

$22.10 per share

$16.60 per share

$12 per share