The vast majority of all companies are valued using the following three primary steps to determine the [1] Total Purchase Price and [2] Debt and Access Cash: 1) Determine the enterprise value by using industry comparable, 2) Determine the equity value by using standard formulas, and 3) Determine any adjustments in the company value or deal structure, Assuming David's company with $265.595 in Revenue, and Henry's company with $229,234 but with vastly different outcomes, "David's" company is worth $600,000, while "Henry's" is only worth $250,000 Purchase Price Multiple for David 3x and Henry 3x The following incomes statement for David and Henry: DAVID HENRY $265,595 $229,234 50,000 14,236 16,705 6000 R&D 60000 Salary and wages 43746 income tax 13372 interest net income Revenue Expenses. Rent Expenses. depreciation amortization advertising 2005 59531 I 45,000 13,091 15,261 4000 48000 40048 12738 2745 48351 Please use the income statement above to calculate 1. Total purchase price 2. Debt and Access cash 3. Please provide the interpretation