You have been hired as a manager for a small printing company. You have been asked by the owner to evaluate and assess some businesses that are available to purchase to add to the existing business. The owner wonders if he/she should purchase any of them. a) One business is selling for $800,000. Three similar business have sold for $800,000, $600,000 and $700,000 respectively. Using "Market Value" assessments, is the business that is available worth the asking price? Support your recommendation with necessary calculations. b) Another business is selling for $800,000 as well. Average earnings are $100,000 per year. Using the Times Earnings method, and reflecting upon the typical earnings multiples applied to small business sales as discussed in readings and in class, calculate: the earnings multiple that the business is selling for AND is the multiple reasonable compared to what was discussed as a reasonable multiple for small businesses? c) A third business is selling for $1,000,000. Depreciated assets are valued at $2,000,000 and liabilities on the balance sheet total $200,000. What is the Book Value of the business? Would you recommend a purchase and explain.