ANSWER THE FOLLOWING QUESTIONS BASED ON EXHIBIT 4 10 . Assume that Company A was sold at the end of 2011 for a 5.5 x multiple of EBITDA , and the purchase price was financed in part with $3, 500 of debt . If the company is sold at the end of 2013 for this same 5. 5 x multiple , what is the equity return ( assuming no debt paydown ) . 11 . Make all the same assumptions as you did in # 10 , but assume that the initial purchase was only financed with $1, 000 of debt . What is the equity return in this case assuming no debt paydown ?