Young LLC has excess cash of $10 million. Based on its business, the comparable companies are Microsoft Corporation (MSFT), Alphabet Inc. (GOOGL), and Apple Inc. (AAPL). The owner of Young is willing to accept a price based on the average of equity prices estimated using P/E, 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.)

Valuation ratios of comparable firms
Multiple	AAPL	MSFT	GOOGL
P/E	31.3	38.0	28.1
EV/EBITDA	24.4	27.8	18.9