Business valuation is an important part of financial decision making. Assuming you are assigned to value a firm and make a presentation to the companys board of directors.

1) Explain in detail the processes/steps in the business valuation? Further, explain what are the different methods for valuation

in terms of free cash flow, the terminal value estimates, etc.

2.) Using a numerical example show that valuation works. Write your assumptions and recommendations based on these numbers?