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You are trying to value a company using the relative valuation approach. Suppose comparable companies...

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Accounting

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 8.7. The company you are valuing generated an EBITDA of $221 million over the last twelve months, has $536 million of debt, $36 million in cash, and 18 million shares outstanding. What is the company's implied share price? Round to one decimal place.

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