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Use the table for the question(s) below.
-The table above shows the stock prices and multiples for a number of firms in the newspaper publishing industry. Another newspaper publishing firm (not shown) had sales of $600 million, EBITDA of $84 million, excess cash of $68 million, $18 million of debt, and 120 million shares outstanding. If the average enterprise value to sales for comparable businesses is used, which of the following is the best estimate of the firm's share price?
Civil Wrong
A violation of a person's rights or a failure to perform a legal duty owed to a specific individual or society, known as a tort.
Tort
A civil wrong not arising from a breach of contract. A breach of a legal duty that causes harm or injury to another.
Corporate Law
A branch of law that deals with the formation, governance, and operations of corporations and their relationship with stakeholders.
Shareholders' Meetings
Gatherings of the owners of a corporation's shares to discuss corporate governance and make important decisions.
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