Using information below calculate the maximum share price a private equity firm would be wiling to ascribe to OldStreet Cobblers in a leveraged buy out transaction. Assume OldStreet Cobblers does not have existing net debt and there are no transaction fees.

A) 23,630.4

B) 13.13

C) 27.02

D) (4.9%)

28.40 1,800.0 5,000.0 5,500.0 OldStreet Cobblers' current share price Fully diluted number of shares outstanding EBITDA, entry EBITDA, exit Debt financing available Remaining debt at exit Exit year Exit EV EBITDA multiple Required IRR 25,000.0 6,000.0 4.0 10.0 x 20.0%