You are evaluating the firm value of Stumptown, a coffee company. It has EBIT of...

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Finance

You are evaluating the firm value of Stumptown, a coffee company. It has EBIT of $34 million.

You notice that its competitor Peets Coffee has an EV/EBIT ratio of 10.1. What is an estimate of

Stumptown's enterprise value?

Answer in millions of dollars with two decimal places. Do not include a $ sign.

For example, if your result is $123,456.78 or $123.45678 million, input 123.46

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