Using the financial information provided below use Enterprise Value to EBITDA to determine which of TDW's competitors is the most undervalued as compared to the others. $ in Millions Revenues Competitor #1 $73 Competitor #2 $95 Competitor #3 $88 Competitor #4 $106 Cost of Sales 51 65 64 71 Operating Expenses 18 22 16 20 Interest Expense 6 5 6 7 Taxes (2) 1 1 3 Depreciation 4 5 6 7 Mkt. Value of Common Equity 53 71 91 132 Market Value of Debt 12 14 19 16 Cash 2 5 7 Other Current Assets 15 20 23 29 Long-term Assets 43 49 50 53 Current Liabilities 13 14 13 16 Long-term Liabilities 15 18 24 20