easy · Private Equity
A Quality of Earnings report for a target company shows a reported EBITDA of $40M. The diligence team identifies $3M in one-time restructuring costs, $2M in owner's personal travel expenses, and $1M in necessary new headcount that was not yet hired.
What is the Adjusted EBITDA?
- $46M
- $44M
- $45M
- $39M
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