Reid plc is looking to place a value on a target company called Sumner plc using two valuation methods: (1) an asset-based liquidation value: the Net Asset Value from the accounts is 30.0m. The disposal value of the non- current assets is believed to be 1.2m lower than the book value and the disposal value of inventory is estimated to be 2.3m higher than book value. (2) an earnings yield valuation. The earnings of Sumner plc in one year's time are estimated to be 7.9m. After that, they are expected to grow at 2.0% per annum. Companies of similar size and industry have an average P/E ratio of 8.7. What are the appropriate valuations of Sumner plc? O A. Liquidation valuation: 27.7m Earnings yield valuation: 83.2m O B. Liquidation valuation: 30.0m Earnings yield valuation: 84. Im O c. Liquidation valuation: 27.7m Earnings yield valuation. 84.9m OD. Liquidation valuation: 31.1m Earnings yield valuation: 83.2m O E. Liquidation valuation: 31.1m Earnings yield valuation: 84.9m