You have the following data on one of the comparable firms and you need to compute EV/EBITDA for this peer firm.
Price per share 40.81
Shares outstanding 13,000,000
Total debt 85,000,000
Excess cash 9,000,000
Depreciation 5,000,000
EBIT 22,000,000
What is the peer firm's enterprise value to EBITDA ratio (EV/EBITDA)?