Question: Problem 3-11 Enterprise Value-EBITDA Multiple [LO2] The market value of the equity of Nina, Incorporated, is $581,000. The balance sheet shows $20,000 in cash and

 Problem 3-11 Enterprise Value-EBITDA Multiple [LO2] The market value of the

Problem 3-11 Enterprise Value-EBITDA Multiple [LO2] The market value of the equity of Nina, Incorporated, is $581,000. The balance sheet shows $20,000 in cash and $191,000 in debt, while the income statement has EBIT of $92,000 and a total of $136,000 in depreciation and amortization. What is the enterprise value-EBITDA multiple for this company? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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