Question: Extra Value Inc. is expected to generate EBIT of $23 million next year, with anticipated depreciation and amortization of $2 million. Extra Value has debt

Extra Value Inc. is expected to generate EBIT of $23 million next year, with anticipated depreciation and amortization of $2 million. Extra Value has debt of $35 million. Comparable firms are trading at average forward tooking EV/EBITDA ratios of 5 times. Based on the EV/EBITDA method, estimate the value of Extra Value's equity. Based on the EVIEBITDA method, the value of Extra Value's equity is estimated to be $ million. (Round to the nearest whole number.)

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