Table 34 Adjusted Book Value Incl. Excess Earnings Indicated Operating Value Therefore, using the Adjusted Book Value Method Including The Excess Earnings Method under the Asset Approach, a 100% interest in the issued and outstanding common stock of Peachtree Plumbing, Inc. on a control, As if freely traded basis is estimated to be approximately $4,850,000 before the application of any valuation adjustments (premiums, discounts, and non‐operating assets/liabilities). 5.3.2 Liquidation Value Method As discussed in Section 2.4, Liquidation Value is chosen as the premise of value when it is believed that the business has greater value if its individual assets are sold either en masse or separately to the highest bidder. The necessary result of this process is that the company ceases to be a going concern. Given that the Company has operated profitably during the past five years and other valuation methods have indicated an operating value of the business in excess of its book value by a large margin, the Company has been appraised under the going Net Tangible Assets 1,750,000 $ Value of the Intangible Assets
