ITDA 1,018 1,018 1,018 Target Multiple 8.3x 8.7x 9.1x = Enmtp.lse Value 8,475 8,873 9,272 Less Net Debt(EOP 2015) 2,499 2,499 2,499 = Equty Value 5,976 6,375 6,773 Average Dilulad Shares 107 107 107 YE14 Price Target $56 $59 $63 I Source: J.P. Morgan estmates. Given the emerging fr