Young is a private firm with total assets of $25 million and annual sales of $12 million. The firm has outstanding debt of $2 million and have excess cash of $9 million, EBITDA of $4.64 million. Based on its business, the comparable companies are Microsoft Corporation (MSFT), Alphabet Inc. (GOOGL), and Apple Inc. (AAPL), which have financial data on finance.yahoo.com. The owner of Young is willing to accept a price based on the average of equity prices estimated using P/E, Enterprise Value/Sales, and Enterprise Value/EBITDA ratios for each of the comparable firm. Based on your analysis, what acquisition price will you propose to pay for the owner (the equity holder)? (Please use the ratios in the following table.)

Fill in this table along with providing your answer:

Valuation ratios of comparable firms Multiple AAPL MSFT GOOGL P/E 13.63 29.77 28.89 EV/Sales 2.910 4.930 5.440 EV/EBITDA 8.890 15.610 16.430