Question: Based solely on the information provided in the fact pattern below, what is the Equity Value Available to Common? Your answer should be presented in

Based solely on the information provided in the fact pattern below, what is the Equity Value Available to Common? Your answer should be presented in $ millions, rounded to the nearest tenth (e.g., $150,784,555 should be presented as $150.8)

Ebitda at close: $31.5

Exit Multiple: 11.0x

Investment Hold Period: 5 years

Liquidation Preference: 1.0x

Preferred Annual Dividend: 10.0%

Target Balance Sheet Items

Cash: 10.0

Revolver: 6.5

Senior Debt: 85.0

Preferred Equity: 50.0

$50.0
$184.5
$0.0
$80.5
$265.0

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