问题如下：
6. Based on Exhibit 4, Gesticular’s EV/EBITDA multiple is closest to:
选项：
A. 11.4.
B. 13.7.
C. 14.6.
解释：
B is correct. The EV for Gesticular is calculated as follows:
EV = Market value of debt + Market value of common equity + Market value of preferred equity – Cash and short-term investments
EV = R$1,733 million + R$6,766 million + R$275 million – R$581 million – R$495 million = R$7,698 million
EV/EBITDA = R$7,698 million/R$560 million = 13.7
EV的职不包括cash，cash等价物，以及短期投资我可以理解，但是本题的EV我计算等于MVcommon+MVpreferred+MVdebt，关于现金和短期投资我不加上不就是EV了嘛？为什么要减去？是包含在了上述三部分里面了嘛？