Q. Assume you are valuing a small manufacturing concern for estate purposes. Your analysis produced the following valuation results for a 100% equity interest in the operations (there is no debt). $3,525,000 Discounted cash flow ( incorporates the effects of a projected plant expansion to be completed in year 4) $4,100,000 Income capitalization (expected growth of 4% next year also used as long-term growth rate) $3,800,000 Pricing multiple of sales (based on the median data of 5 recent sales of similarly-sized entities in the same industry) $3,450,000 Pricing multiple of earnings (based on the median data of 5 recent sales of similarly-sized entities in the same industry) $3,200,000 Asset approach (the entity's major assets are the existing plant and equipment, rw materials and work-in-process inventory, and accounts receivable) Based on this limited information and your own knowledge, how would you incorporate the above valuation results in your conclusion? Why? Prepare a one-page response for your answer.