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The 2023 AICPA Business Valuation Conference and One Thought on Valuation Adjustments

Chris Mercer

Otherwise, the appraiser is not valuing the appropriate asset. Assume further that the appropriate EBITDA multiple is 6x and that the underlying equity discount rate is 14%. This is the only way that hypothetical buyers can understand the value of the entire asset, a small interest of which they are buying. million (6 x $2.0