Multiple Analysis: Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its… 1 answer below »

Multiple Analysis: Turnbull Corp. had an EBIT of $247 million in the last fiscal year. Its depreciation and amortization expenses amounted to $84 million. The firm has 135 million shares outstanding and a share price of $12.80. A competing firm that is very similar to Turnbull has an enterprise value/EBITDA multiple of 5.40.

What is the enterprise value of Turnbull Corp.? Round to the nearest million dollars.

$1,334 million
$1,787 million
$453.6 million
$1,315 million