The Steep Company had the following operating resuls for 2021-2022. In addition, the company paid dividends in both 2021 and 2022 of 560600 per yeac and imade capital expenditures in both years of $30,000 per year. The company's stock price in 2021 was 58 and $772022. The industy average earnings multiple for the mattress industry was 9 in 2022 and the free cash flow and sales multiplos were 18 and 15 , respectively, The company is publicly owned and has 1,800,000 shares of outstanding stock at the end of 2022 *3 (Chapters 17,16,19,20) ( Total Debt and Equity $2,046,080$1,926 The value of the company, calculated using the earnings multiple for 2022 is: The value of the campany caiculated using the earnings multiple for 2022 is Mungle Chace 51225,400 51625.400 52.525.400 59340.400 $5476,000