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The Sieep Compsay had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $60,000 per year

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The Sieep Compsay had the following operating results for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of $60,000 per year and made capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was $8 and $7 in 2022 . The industry average earnings multiple for the mattress industry was 9 in 2022 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 2022. Multiple Choice 18 20 3.9 4.7

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