Question: You are trying to value a company using the relative valuation approach. Suppose comparable companies are trading at an average trailing EV/EBITDA multiple of 6.6.

You are trying to value a company using the relative valuation approach. Suppose comparable companies are trading at an average trailing EV/EBITDA multiple of 6.6. The company you are valuing generated an EBITDA of $257 million over the last twelve months, has $429 million of debt, $47 million in cash, and 14 million shares outstanding. What is the company's implied share value? Round to one decimal place.

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