Problem $3-11$ Enterprise Value$-$EBITDA Multiple $[$LO$2]$

The market value of the equity of Parsec, Incorporated, is $$596,000.$ The balance sheet shows $$35,000$ in cash and $$206,000$ in debt,

while the income statement has EBIT of $$107,000$ and a total of $$151,000$ in depreciation and amortization. What is the enterprise

value$-$EBITDA multiple for this company?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$