Question: Use this information for questions 9-10: Pinto Express has EBITDA of $40 million, outstanding debt with a market value of $130 million, and Cash and

Use this information for questions 9-10:

Pinto Express has EBITDA of $40 million, outstanding debt with a market value of $130 million, and Cash and investments of $70 million. Pinto has 10 million outstanding common shares and no preferred stock outstanding. You wish to value the company assuming an enterprise value multiple (EV/EBITDA) of 8.0.

What is Pintos Enterprise value? (Enter your answer to the nearest $0.01 million. Leave the $ sign off. In other words, if your answer is $55.55 million, enter 55.55 for your answer.)

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