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Dakota Corp. had the following operating results for 2 0 2 3 & 2 0 2 2 . Dakota paid dividends of $ 5 0

Dakota Corp. had the following operating results for 2023 & 2022. Dakota paid dividends of $50,000 per
year for both years and made capital expenditures of $100,000 in both years. The company's stock price
in 2022 was $4.00 and $4.50 in 2023. In 2023, the industry average earnings multiple was 10 and the
free cash flow and sales multiples were 16 and 1.35, respectively. The company is publicly owned and
has 1,400,000 shares of outstanding stock at the end of 2023

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