What is the entry EV/Ebitda multiple based on the price paif for the firm? 16.7, 16.9, 17, 22.5, 27.5, 65.9

What is the exit Enterprise Value? 240, 646, 780, 940,1020

Assuming equity investors do not receive any fees from the time they purchased the firm to the time they sell it at year 5, what is the reutrn on equity on a compounded annual basis? 2.6%, 10.9, 11.3, 13.9, 32.5, 76.5

(time 0)

old debt retired $70 new debt issues $646 stock bought back $826 new equity from investors $250

(time 0)

sales $350 EBITDA $53.50 ebit/sales 11.4% depreciation & amort $13.60

(time 0) Interest rate on new debt 10% investment banking fee $0 cash $0

(time 5)

sales $400 ebit/sales 13% depreciation & amort $16 ev/ebitda exit multiple 15 firm pays off debt of $600 interest $6.1