Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from the line of Michael Hoffman – WSI.
Michael Hoffman – Wunderlich Securities
Congratulations on a terrific free cash flow number. If we could talk about your purchasing power that you have remaining that is the dry powder between available balance sheet and your expectations for free cash flow? Can you frame that for us?
Worthing Jackman
Yes, Michael, that's about between $450 and $500 million. When you look at the remaining cash flow for the year on top of the $325 million we still have outstanding on the revolver.
Michael Hoffman – Wunderlich Securities
Okay, and then the price paid for the Republic assets given the landfill concentration would suggest that the pricing for tuck-ins the $40 million to $60 million has to be even better, that the market pricing must be really down. So can you share with us some thoughts about that and if it's that low wouldn't you buy everything you can get your hands on that's relevant to your business?
Ron Mittelstaedt
Growth for growth's sake, Michael this is Ron I think the multiples are down. I will exclude West Coast franchises which evaluation is never really necessarily been drivers for why those assets go. So if you take those off the table I would say that in the competitive market all acquisitions I think it's fair to say somewhere in the 1 to 1.5 multiple turn of EBITDA down is a fair number and at least it is at if we're the buyer.
You know we certainly can't control what others may do, but we're seeing a lot of those and tuck-in acquisitions obviously have historically been below other assets and that will continue to be, so we are very active, being very discriminatory and hopefully using good discretion as we're going. But we also have to be very careful as to what's the trajectory of the slope of the decline in a market of a company or we could overpay for if we're not careful, so spending a lot of time on that, too.
Michael Hoffman – Wunderlich Securities
Okay. And then I was with Republic last week on the road. They suggested – well Cleveland's the only piece left not sold and they were pretty clear that you were right there on the table and seemed to indicate that all likelihood you were the winner. But where is that?
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