1. SARS Ltd, a manufacturer and supplier of gold jewelry, has operated for 20 years and now wishes to enlist on the Ghana Stock Exchange. The decision, as explained by the managing director, Mrs Denise Derkvi, is to share its continuously growing earnings with the average Ghanaian. The firm wants to offer 45% of its existing shares to the public. Your consulting firm has been engaged to help with the valuation of the firm and price equity stock. You gathered data of Edappiah Inc, a listed diamond jewelry producer and supplier. You decide to use the gathered data for valuation. Items Sales COS Gross Profit S & A Expenses EBIT Interest Tax Edarpiah Inc (Ghs) 15,000,000 (7,850,000.00) 7,150,000.00 (3,050,000.00) 4,100,000.00 (25,000.00) (1,018,750.00) 3,056,250.00 SARS Ltd (GHS) 12,500,000 (7,200,400.00) 5,299,600.00 (4,190,000.00) 4,190,000.00 (22,500.00) (1,041,875.00) 3,125,625.00 Net Income Other Information: Net Debt Share Price (GHS/sh) Qustanding shares Included in S&A are: Depreciation Amortization 250,000.00 4.5 1,500,000 150,000.00 ? 1,200,000 150,000 20,000 80,000 13,075 Required: Use the multiples listed below for your evaluation. a. EBIT multiples b. EBITDA multiple C. PE multiple d. Revenue multiple