Oswego Corp. had the following operating results for 2022 & 2021. Oswego paid dividends of $100,000 per year for both years and made capital expenditures of $45,000 in both years. The company's stock price in 2022 was $12.00 and $10.00 in 2021. In 2022, the industry average earnings multiple was 10, the free cash flow multiple was 20 and sales multiple was 2.00. The company is publicly owned and has 1,050,000 shares of outstanding stock at the end of 2022. Balance Sheet, Dec 31, 2022 2021 Cash $ 489,350 $ 125,000 Accounts Receivable $ 315,000 $ 400,000 Inventory $ 225,000 $ 375,000 Total Current Assets $ 1,029,350 $ 900,000 Long-lived Assets 2,345,000 2,350,000 Total Assets $ 3,374,350 $ 3,250,000 Current Liabilities $ 285,000 $ 315,000 Long-term Debt 600,000 800,000 Shareholder Equity 2,489,350 2,135,000 Total Debt and Equity $ 3,347,350 $ 3,250,000 Income Statement, for year ended Dec 31, 2022 2021 Sales $ 3,775,000 $ 3,555,000 Cost of Sales 2,554,000 2,445,000 Gross Margin 1,221,000 1,110,000 Operating Expenses 522,000 445,000 Operating Income 699,000 655,000 Taxes 244,650 232,750 Net Income $ 454,350 $ 432,250 Cash Flow From Operations 2022 2021 Net Income $ 454,350 $ 432,250 Plus Depreciation Expense 50,000 50,000 + Decrease (-inc) in AccRec. and Inv. 235,000 - + Increase (-dec) in Cur. Liabl. ( 30,000 ) - Cash Flow from Operations $ 709,350 $ 482,250-----------------------------------------------------------------------------------------------------------------------------Using the data and information from the previous page, calculate the following for Oswego Corp. a. Calculate the 2022 value of the company using the earnings multiple. b. Calculate the 2022 value of the company using the free cash flow multiple. c. Calculate the 2022 book value of the company's equity. d. Calculate the 2022 market value of the company. e. Compare Oswegos Equity Book Value (c.) to the Market Value (d.). Discuss conceptually (not differences in the numerical calculations) the difference between these two amounts.