Question 2 An investor is valuing the Company IDD which has 5,000 equity shares and the following expected key financial measures for year-end 2022 (Table 2): Additionally, the investor has collected the following information about a set of comparable listed companies with similar leverage and other relevant fundamentals (Table 3): Tahla 2 Round your computations to one decimal place (e.g., present 1.56 as 1.6). a. What is the expected 2022 price-to-book (PBV) multiple of company IDD implied in investor's expectations? Explain your answer. [5 marks] b. Considering the information of the expected 2022 PBV multiple of the set of comparable companies, what is your conclusion about the relative valuation of company IDD? Explain your answer. [10 marks] c. Some fundamental variables impact on the PBV multiple and should be considered when carrying out a relative valuation exercise based on this multiple. Give two examples of such variables, explaining your answer (no need for computations)