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Smith Co. is a firm specializing in financial advice for retired individuals. After some analysis, you have determined that an earnings multiplier of 7 is

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Smith Co. is a firm specializing in financial advice for retired individuals. After some analysis, you have determined that an earnings multiplier of 7 is appropriate for this type of business. Smith's most recent earnings totaled $263,000 and earnings per share was $5.80. What is the value of the firm based on the earnings multiplier? Value of the firm

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