I am considering buying a light manufacturing business that is positioned as priced at 4X the weighted trailing six years of EBITDA plus the value of inventory plus working capital. The three most recent years are weighted at 75% and the 3 years prior weighted at 25%. Are working capital and the value of inventory normally included as part of the 4X multiple consideration? If they are, can someone point me at documentation I can use as backup for that position as I'm going to need to have a conversation with the seller. I appreciate the brain trust!