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Last year Velocity Inc

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Last year Velocity Inc.'s EBIT equaled $160 million. Velocity's depreciation expense equaled $30 million and its amortization expense equaled $10 million. It had $500 million of debt and $100 million of cash. The average enterprise value to EBITDA was 7,.Calculate a reasonable price per share for Velocity if there are 50 million shares outstanding. Answer: