You have been considering investing in Jack Henry & Associates Inc. (NASDAQ:JKHY).

You have decided to do a more thorough analysis of it.

i) Identify and discuss at least one benchmark that you have chosen to compare JKHY against. What considerations did you make in your choice of benchmark? Chart your choice of benchmark against JKHY's share price over the period of period 1^st of August 2020 until 31^st of August 2021 and compare the two graphically. (10 Marks).

ii) Valuation multiples are often used to compare companies quickly. Identify an appropriate valuation multiple/ratio and evaluate if JKHY is over, under or fairly valued. Explain the reasoning behind your choice of multiple that you utilised for your analysis. Are there any limitations of utilising multiples that you might need to consider?(5 marks).