The King Mattress Company had the following operating results for 2018-2019. In addition, the company paid dividends in both 2018 and 2019 of $60,000 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2018 was $8 and $7 in 2019. The industry average earnings multiple for the mattress industry was 9 in 2019 and the free cash flow and sales multiples were 18 and 1.5, respectively. The company is publicly owned and has 1,200,000 shares of outstanding stock at the end of 2019. Balance Sheet, Dec 31, 2019 2018 Cash $ 340,000 $ 100,000 Accounts Receivable $ 350,000 $ 400,000 Inventory $ 250,000 $ 300,000 Total Current Assets $ 940,000 $ 800,000 Long-lived Assets 1,080,000 1,100,000 Total Assets $2,020,000 $1,900,000 Current Liabilities $ 200,000 $ 300,000 Longterm Debt 600,000 500,000 Shareholder Equity 1,220,000 1,100,000 Total Debt and Equity $2,020,000 $1,900,000 Income Statement, For year ended Dec 31, 2619 2618 Sales $4,759,999 $4,599,999 Cost of Sales 4,166,666 4,666,666 Gross Margin 656,666 566,666 Operating Expenses 356,666 466,666 Operating Income 366,666 166,666 Taxes 126,666 46,666 Net Income $ 186,666 $ 66,666 Cash Flow From Operations 2619 2618 Net Income $ 186,666 $ 66,666 Plus Depreciation Expense 56,666 56,666 + Decrease (inc) in AccRec. and Inv. 166,666 + Increase (dec) in Cur. Liabl. (166,666) - Cash Flow from Operations $ 236,666 $116,666 The market value of the company's equity for 2019 is