Please answer these questions

1. Identify the advantages of valuation using market multiples compared to valuation using discountedcash flows or discounted residual operating income.
2. Describe the factors that should be considered in choosing comparable companies for computation ofthe market multiples company-value-to-net-operating-assets and the price-to-book-value.
3. The "E" in the PE ratio can be determined in several ways. Identify at least three different variationsin measuring earnings for the PE ratio.