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141 base used to develop appropriate multiples and ultimately aid in the determination of an indicated value. The results are therefore already stated and represent
anon marketable value, excluding any non‐operating assets and liabilities. The following table illustrates the calculation
using several multiples,
specifically, those shown in Table 25 Valuation Multiples –
Direct Market Data Method, used to derive an estimate of enterprise value
under the Market Approach, using
the Direct Market Data Method Share with your friends: 
