The answer is 4.8

Question 5 0 / 1 point Assumptions Base Year Sponsor Targe RR Exit Mulitple Tax Rate Circular On? 2005 26.096 BOX 38.0% Yes Revolver Senior Dect Sub Debt Mezzanine 2.50x 2.00 0.00 5096 8.0% 10.096 120% Purchase Price Calculation Basic Shares 370.0 Current PPS $20.00 Offer Premium 150% Offer PPS $23.00 3733 Equity Offer Price $8.590 Options Table Potential Strike 50 $15.00 17.00 30 19.00 20 25.00 Include Proceeds 3.0 $75.0 4.0 680 30 57.0 0.0 0.0 120 $200.0 Fp Shares 140 250 5.000 Sources Senior Debt Sub Debt Mezanin Sponsor Equity Total Mult Total 25x 2 Ox 33.9% 0.0x 0.0% 23.7% 100.0% Uses Purchase Equity Refinance Net Debt Transaction Fees $8.588 e.000 150 Free Cash Flow EBITDA Less: Capex Lass: Increase in NWC Less: Cash Interest Les Cash Taxes FCF for Debt Repayment 2006 $2.700 (864) (40) 1980 225 490 2007 $2.918 (333) (43 1937) 398 000 2008 $3,149 11.008 (47) (883 (478) 734 2009 $3.401 11.088) 50) 819 508 878 2010 52.673 (1.175) 54) (742) 607 1034 3480 $14738 Total $14, 738 MOIC is the multiple of invested capital. It answers the question - what multiple of your investment did you receive during the life of the investment (dividends if any, and proceeds when you exited the investment)? So if you invested $5 of equity and got back $8 your MOIC would be 8/5 or 1.6x. What is the MOIC for the equity sponsor in this LBO at the end of five years (end of 2010) if the exit EBITDA multiple is 6.6x? Assume that the positive cash flows are used to pay down debt and not to pay dividends. Format 12.34x as 12.3 Answer: 4.0 x (4.8) Question 5 0 / 1 point Assumptions Base Year Sponsor Targe RR Exit Mulitple Tax Rate Circular On? 2005 26.096 BOX 38.0% Yes Revolver Senior Dect Sub Debt Mezzanine 2.50x 2.00 0.00 5096 8.0% 10.096 120% Purchase Price Calculation Basic Shares 370.0 Current PPS $20.00 Offer Premium 150% Offer PPS $23.00 3733 Equity Offer Price $8.590 Options Table Potential Strike 50 $15.00 17.00 30 19.00 20 25.00 Include Proceeds 3.0 $75.0 4.0 680 30 57.0 0.0 0.0 120 $200.0 Fp Shares 140 250 5.000 Sources Senior Debt Sub Debt Mezanin Sponsor Equity Total Mult Total 25x 2 Ox 33.9% 0.0x 0.0% 23.7% 100.0% Uses Purchase Equity Refinance Net Debt Transaction Fees $8.588 e.000 150 Free Cash Flow EBITDA Less: Capex Lass: Increase in NWC Less: Cash Interest Les Cash Taxes FCF for Debt Repayment 2006 $2.700 (864) (40) 1980 225 490 2007 $2.918 (333) (43 1937) 398 000 2008 $3,149 11.008 (47) (883 (478) 734 2009 $3.401 11.088) 50) 819 508 878 2010 52.673 (1.175) 54) (742) 607 1034 3480 $14738 Total $14, 738 MOIC is the multiple of invested capital. It answers the question - what multiple of your investment did you receive during the life of the investment (dividends if any, and proceeds when you exited the investment)? So if you invested $5 of equity and got back $8 your MOIC would be 8/5 or 1.6x. What is the MOIC for the equity sponsor in this LBO at the end of five years (end of 2010) if the exit EBITDA multiple is 6.6x? Assume that the positive cash flows are used to pay down debt and not to pay dividends. Format 12.34x as 12.3 Answer: 4.0 x (4.8)