You are trying to price SpeedApp Inc., a young software company and have the following numbers on the company projected for $5$ years from now $($at t$=5),$ and all values are in $$thousand$$ Dollars: Revenues: $$1000$; EBITDA: $$80$; Debt Outstanding: $$600$ Expected growth rate in revenues: $15\%$ You have a regression of EV$/$EBITDA ratios against expected growth rates across software companies $($with growth rates entered in decimals, i$.$e$.,10\%$ is $0\mathrm{.}10)$: EV$/$EBITDA $=13\mathrm{.}00+80\mathrm{.}00*($Expected growth rate in revenues$)$ Using this regression, estimate the value of equity for SpeedApp today, assuming that the company is expected to have a cost of equity of $20\%$ for the next $5$ years.

$ $562\mathrm{.}62$ ANSWER