1. Consider Company RV that has projected earnings per share of $2.5 and a projected book value per share of $20. Determine the estimated value of this Company RV, based on a relative value using the priceearnings ratio and the market value to book value ratio. Use the average of the respective multiples of the following three comparables companies:
![109_Table 5.jpg](https://secure.tutorsglobe.com/CMSImages/109_Table%205.jpg)
2. Why would an analyst use a multiphase dividend discount model?