Question: [Challenge question, worth 5 marks. I suggest you flag it and attempt it last. It's not particularly hard, but it will take a few

[Challenge question, worth 5 marks. I suggest you flag it and attempt

[Challenge question, worth 5 marks. I suggest you flag it and attempt it last. It's not particularly hard, but it will take a few minutes to think through.] An equity (stock) analyst who writes reports on Sleep Country (ZZZ.TO) is trying to determine an estimate of the stock's relative value using an EV/EBITDA approach. She estimates the company's 2023 EBITDA to be $172112072. After researching ZZZ.TO industry peers, she feels the appropriate EBITDA multiple to use is 8.8x their 2023 EBITDA, to value the stock today. ZZZ.TO balance sheet shows that they have $380098311 in debt $36080168 in cash 34773183 shares outstanding, including in-the money options Given the above, what price target do you think the analyst would estimate for a single share of ZZZ.TO? (Two decimal places.) [Note - you are free to go to Yahoo Finance or another source of stock price information to check ZZZ TO's current market price. Your answer should be above this price, but below $50.00.]

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