Year 2005 ($ millions) Sales 75 Gross Profit 1 EBITDA 16.30 Net Income 6.4 Total Current Assets 37.3 Debt 4.5 Accounts Payable 4.7 Total Liabilities 9.2 The following are financial ratios for three comparable companies: Luxottica Ratio Oakley, Inc. Group Nike, Inc. P/E 24.8x 28x 18.2x EV/Sales 2x 3x 1.5x EV/EBITDA 11.6x 14.4x 9.3x EBITDA/Sales 17.0% 18.5% 15.9 Based upon the average EV/Sales ratio of the comparable firms, if Ideko holds $6.5 million of cash in excess of its working capital needs, then calculate Ideko's target market value of equity