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An analyst evaluates the following data for three companies within the same industry (in millions):
| Company | Enterprise Value (EV) | EBITDA |
|---|---|---|
| 1 | $100 | $8 |
| 2 | $150 | $10 |
| 3 | $200 | $15 |
Based on enterprise value multiples, which company is most likely undervalued?
A
Company 1
B
Company 2
C
Company 3