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141 Table 40 Indicated Equity Values ‐ 5.45% Interest The range of indicated values fora interest in the Company on anon control (minority
interest, non‐marketable basis is between $214,000 and
$291,000. The following section discusses the reconciliation of the results of the foregoing analysis and discussion.
5.7 Reconciliation of Values The valuator was able to apply four methods across the three approaches to business valuation in determining the fair market value of a 5.45% interest in the issued and outstanding
stock of Peachtree Plumbing, Inc. The 5.45% interest was valued on anon control (minority interest, non‐marketable basis.
Subsequently, two of the four methods were discounted as to their validity and reliability in supporting the findings of the appraiser. The two methods discounted in the final analysis were the Adjusted Book Value Method and the Adjusted Book Value Method Including Excess Earnings under the Asset Based Approach. The following paragraphs briefly recap the valuator’s reasoning for the application of each method.
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