Question
| Id | 244 |
|---|---|
| Number | 31 |
| Description | An analyst has determined that the appropriate EV/EBITDA for Rainbow Company is 10.2. The analyst has also collected the following forecasted information for Rainbow Company : </br>  EBITDA = $22,000,000 </br>  Market value of debt = $56,000,000 </br>  Cash = $1,500,000 </br>The value of equity for Rainbow Company is closest to: |