Question: 3) Based on the approach in the Able Case, what is the ceiling price of a company with the following financial information: Earnings after tax

3) Based on the approach in the "Able Case", what is the ceiling price of a company with the following financial information: Earnings after tax is $150000 Depreciation is $70000 Income taxes are $30000 Owner was paid $480000 last year in salary and bonus A professional manager would be paid $230000 for work done by owner Ceiling price is 7 times adjusted EBITDA

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