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You have the following information for a company you are valuing and for a comparable company: Comparable company: Company you are valuing: Stock price =

You have the following information for a company you are valuing and for a comparable company: Comparable company: Company you are valuing: Stock price = $24.50 Value of debt = $4.16 million Number of shares outstanding = 7.00 million Est. EBITDA next year = $4.30 million Value of debt = $19.20 million Est. income next year = $1.90 million Est. EBITDA next year = $17.10 million Est. income next year = $6.80 million Estimate the enterprise value of the company you are evaluating using the P/E and enterprise value/EBITDA multiples. (Round intermediate calculation and final answer to 2 decimal places, e.g. 15.25.)

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