Business Valuation Five different analysts have submitted valuations for a private technology firm that is the subject of a possible acquisition. The valuations are as follows:
|
Analyst
|
Valuation
|
|
1
|
$26,331,000
|
|
2
|
38,803,000
|
|
3
|
65,000,000
|
|
4
|
27,000,000
|
|
5
|
17,000,000
|
Required: The value of having multiple analyst reports is that one can develop a range of possible valuations, and select a final valuation that seems appropriate. What valuation would you choose for this technology company? Explain your reasoning.