Williams Company is a manufacturer of auto parts having the following financial statements for $2021-2022.$

$*$Operating expenses include depreciation expense.

Additional financial information, including industry averages for $2022,$ where appropriate, includes:

Required:

Develop a business valuation for Williams Company for $2022$ using the following methods: $(1)$ book value of equity, $(2)$ market value of

equity, $(3)$ discounted cash flow $($DCF$),(4)$ enterprise value, and $(5)$ all the multiples$-$based valuations for which there is an industry

average multiplier. For the calculation of the DCF valuation, you may use the simplifying assumption that free cash flows will continue

indefinitely at the amount in $2022.$