Calculate the implied stock price assuming an EBITDA multiple of 11.2x. (All data in millions) Select one: a. $33.42 b. $41.93 c. $24.14 d. $20.58 e. $21.72Short-term debt:$22.5Shares Outstanding:18.330Convertible debt$0.0Diluted shares outstanding:21.501Long-term debt:$253.5Cash & equivalents:$46.5Total liabilities:$676.8Minority interest:$0.0EBITDA:$60.0Net income:$21.2 Solution EBITDA 60 11.2 672 Enterprise Value 672 Less : Short-Term debt -22.5 Long- term debt -253.5 Add: Cash 46.5 Equity Value 442.5 Diluted shares outstanding 21.501 Implied value of stock 20.58.