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The table above shows the Market Capitalization, Enterprise Value and multiples for a number of...

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The table above shows the Market Capitalization, Enterprise Value and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $34 million, EBITDA of $13 million, excess cash of $4 million, $11 million of debt and 1.2 million shares outstanding. If the average Enterprise Value to Sales for comparable business is used, what is the best estimate of the firm's share price? \begin{tabular}{|c|c|} \hline \hline & EnterpriseValue/EBITDA \\ \hline 5.04 \\ \hline 7.21 \\ \hline 5.64 \\ \hline 7.65 \\ \hline 6.65 \\ 6.44 \\ +22% \\ \hline19% \\ \hline \end{tabular}

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