Note that you must answer both parts (a) and (b) of this question. Show all formulae and calculations. Round to 2 decimal places. (a) Calculate the Price / Earnings ratio of A Co; B Co and C Co. Use the information below. Company D&A A Co B Co C Co 200,000 2,000,000 3,000 EBIT 1,200,000 Interest Tax 30,000 100,000 10,000,000 900,000 3,000 100,000 1,000,000 6,000 Outstanding Share Shares Price 2,000,000 2 400,000 90 21,000 5 Debt 2,000,000 18,000,000 52,500 (b) A Co; B Co and C Co are listed on the local stock exchange and are comparable to Client Co (an unlisted company). Client Co had earnings of $2,000,000 last year. Calculate a valuation of Client Co. Use your answers calculated in part a (above) and the Comparable Companies valuation method.