Question: 10. Company ValueCo has three close peers whose current stock prices (per share) and forward EPS (earnings per share) are as shown below. ValueCos EPS

10. Company ValueCo has three close peers whose current stock prices (per share) and forward EPS (earnings per share) are as shown below. ValueCos EPS for the next twelve months (NTM) is $10 per share. The company has 1M (million) shares, $30M debt, and $10M cash.

What should be ValueCos enterprise value based on the average P/E (price/EPS) multiple of its peers? Show your answer in $M and round to two decimals (e.g. $xx.xx M).

	Price	EPS (NTM)
Peer 1	60	7.0
Peer 2	70	8.5
Peer 3	80	9.0

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