Question: You are valuing a company using an enterprise value / EBITDA market multiple and have the following information. What is the market value of equity?

You are valuing a company using an enterprise value/EBITDA market multiple and have the following information. What is the market value of equity?
EBITDA: $10,000,000
EBIT: $9,000,000
Debt: $17,000,000
Cash: $5,000,000
EBITDA multiple: 10x
EBIT multiple: 11.5X

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