A company has revenues of $48 million and depreciation and amortization expenses of $8 million. Operating margin is 26%, net margin is 7% and gross margin is 57%. It has $24 million of debt, $7 million in cash, and 16 million shares outstanding. Comparable companies are trading at an average EV/EBITDA multiple of 19. How much are this company's shares worth using relative valuation

Trade will take place: a. if the maximum that a consumer is willing and able to pay is less than the minimum price the producer is willing and able to accept for a good. b. if the maximum that a consumer is willing and able to pay is greater than the minimum price the producer is willing and able to accept for a good. c. only if the maximum that a consumer is willing and able to pay is equal to the minimum price the producer is willing and able to accept for a good. d. none of the above.