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3. Daugherty and Rogers believe that their valuation estimate should reflect competitive managerial wages. Do you agree that th adjustment to an EBT (earnings before

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3. Daugherty and Rogers believe that their valuation estimate should reflect competitive managerial wages. Do you agree that th adjustment to an EBT (earnings before taxes) estimate should be made? Why or why not? 4. Estimate the value of the restaurant in each of the three scenarios

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