(Answered) You are trying to estimate the share price for cs storage

Finance

You are trying to estimate the share price for CS Storage Inc. and have the following data on the company:

EBIT (Operating Profit) = $60,829

Depreciation Expense = $6,295

Debt = $70,635

Non-operating Assets = $15,000

Shares Outstanding = 50,000

Using the industry average EV/EBITDA multiple of 9.8, what is CS Storage's share price?

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