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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 7.0.

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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 7.0. The company you are valuing generated an EBITDA of $250 million over the last twelve months, has $450 million of debt, $45 million in cash, and 15 million shares outstanding. What is the company's implied share price? Round to one decimal place

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