Make the following Assumptions: - Tangible Asset Value =16,200,000 - Required Return on Tangile Assets =16% - Required Return on Equity =24% - Forecast Net Income for next period (year) = 4,800,000 - Capitalization Rate for Excess earnings to compute Intangible Asset Value =30% - Current Market Value of Interest Bearing Liabilitie =12,000,000 Compute the Market Value of Equity using the Excess Earnings Approach