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You are trying to value a company using the relative valuation approach. Suppose comparable companies are trading at an average trailing EV/EBITDA multiple of 6.1.

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You are trying to value a company using the relative valuation approach. Suppose comparable companies are trading at an average trailing EV/EBITDA multiple of 6.1. The company you are valuing generated an EBITDA of $264 million over the last twelve months, has $407 million of debt, $49 million in cash, and 14 million shares outstanding. What is the company's implied share value? Round to one decimal place

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