Estimate the fair value of the company based on: a. Multiples (Use the investor multiples of comparable firms listed in case Exhibit 6, the financial data in case Exhibit 1); and (8 marks) b. Discounted cash flow (DCF) analysis (Use the financial data in case Exhibit 1 and the underlying assumptions for DCF valuation given in Exhibit 7 to calculate implied stock prices and this will require to calculate the weighted average cost of capital as well). (22 marks) Do you think the current takeover offers are justifiable based on the valuations above? (16 marks) (Total 46 marks) 5. Assume you are an independent director on the board of the company for the last 5 years. Would you defend the agenda of the current management team or support one of the acquisition offers? (7 marks)