39 An analyst gathers the following data about a conglomerate with two segments (Segment Y and Segment Z) and compares the data with its peers.

	Segment Y	Segment Z
Sales (in $ millions)	60.0	48.0
EBITDA (in $ millions)	9.0	30.0
Segment peer ratio	EV/EBITDA	EV/Sales
Peer median valuation multiple	10.8x	2.5x

If the conglomerate's market value of equity is $130 million and its net debt is$10 million, the conglomerate discount (in $ millions) is closest to:

A. 32.2
B. 77.2
C. 97.2