The market value of equity of NovaTech, Inc. is $920,000. Th…
The market value of equity of NovaTech, Inc. is $920,000. The balance sheet shows $85,000 in cash and $260,000 in debt. The income statement reports EBIT of $148,000 and total depreciation and amortization of $92,000. What is the enterprise value-to-EBITDA multiple?
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