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We want to acquire firm XYZ. Therefore, we need to estimate its value in order to negotiate the acquisition. XYZ's EBITDA is 5 million and

We want to acquire firm XYZ. Therefore, we need to estimate its value in order to negotiate the acquisition. XYZ's EBITDA is 5 million and it has no debt. XYZ's best comparable firms are ABC, DEF and GHI, which have been acquired recently for a total value of 40 million, 60 million and 11 million, respectively. The EBITDA of the three acquired firms are 8 million, 10 million and 2 million, respectively. None of the companies has debt. What is the fair acquisition value for XYZ

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