Calculate the implied EV $/$ FY$1$ EBITDA multiple for the below company.

Assume cash flows fall at the end of the year.

Long term growth rate $3\mathrm{.}0\%$

WACC $8\mathrm{.}5\%$

Year Current $1\mathrm{.}02\mathrm{.}03\mathrm{.}0$

EBITDA $2,000\mathrm{.}02,200\mathrm{.}02,400\mathrm{.}02,600\mathrm{.}0$

Free cash flow $1,000\mathrm{.}01,100\mathrm{.}01,200\mathrm{.}0$

Select one:

$1\mathrm{.}0$

$11\mathrm{.}5$

$10\mathrm{.}2$

$9\mathrm{.}3$