Intro

Below is the balance sheet for Magic Card Corp. as of Dec. 31, 2014. EBITDA is expected to be $54 million and there are 12 million shares outstanding.

Assets ($ million)			Liabilities and Equity ($ million)
Cash	10		Accounts payable	22
Marketable securities	2		Notes payable	6
Accounts receivable	5		Total current liabilities	28
Inventory	33		Long-term debt	95
Total current assets	50		Total liabilities	123
Machines	34		Paid-in capital	20
Real estate	80		Retained earnings	21
Total fixed assets	114		Total equity	41
Total assets	164		Total liab. & equity	164

The collection card industry has an average enterprise value-over-EBITDA ratio of 8.3.

Attempt 1/10 for 10 pts.

Part 1

What is Magic's estimated enterprise value (in $ million)?

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Attempt 1/10 for 10 pts.

Part 2

What is the company's estimated market value of equity (in $ million)?

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Attempt 1/10 for 10 pts.

Part 3

What is the company's estimated share price (in $)?

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