Mathematically,
Purchase 300,000 plus $400000 scrip = $700000
EBITDA 255000 x 0.8 = $204,000 per annum
So effectively, it will be fully paid in 3.5 years at this rate.
Well done.
Correct me if I am wrong.
Cheers
Ann: WHA Acquires Little Innoscents, page-6
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