4d\ Objective: Compare the four approaches to evaluating the worth of a business.\ Instructions \ The worth of a business can be determined in four different ways. Determining a businesss worth will be imperative as managers formulate the organizations strategy.\ Read Chapter 8 of your David & David textbook.\ Refer to the Assurance of Learning Exercise 8E of the text.\ Refer to the Corporate Valuation Methods (1-4) on pages 264-265.\ Applying the same principles and formulas to the Assurance of Learning Exercise 8E Cohesion Case, Hershey (pages 26-31), use Exhibits 3, 4, & 6 to determine the monetary value of the company.\ Help with: Amazon.com, Ross Stores, and Panera Bread.\ 1. Calculations presented in the Company Worth Analyses for Amazon.com, Ross Stores, and Panera Bread.\ 2. Cohesion Case, Hershey to determine the monetary value of the company.\ 3. Use only the Hersheys 2014\ 4. Show each Corporate Valuation Method (1-4) formula and then calculate the Four Method Average. Round all calculations to 2 decimal places.\ 5. You should submit 5 calculations/answers in your submission. \ Calculate Method 1 - The Net Worth Method = Total Shareholders Equity (SE) - (Goodwill + Intangibles), use Exhibit 4 Hersheys Balance Sheet (2014).\ Calculate Method 2 - The Net Income Method = Net Income * Five, use Exhibit 3, Income Statement.\ Calculate Method 3 - Price-Earnings Ratio Method = (Stock Price / EPS) x Net Income\ Use $100 per share as the Stock Price (SP)\ Use Exhibit 6 Hershey versus Rival Firms for EPS and $Net Income (remember $Net Income signifies the past five years).\ Calculate Method 4 - Outstanding Shares Method = Outstanding Shares Method = # of Shares Outstanding * Stock Price.\ # of Shares Outstanding (issued) See Exhibit 4, liabilities section, for this calculation, you will use all outstanding issues from Preferred, Common and Class B shares (if any) for 2014 only.\ Use $100 per share as the Stock Price (SP)\ Calculate the Four Method Average. Show your calculations to justify your answer\ 6. What do these calculations indicate about the monetary value of Hersey? Include a 1-paragraph response to this question in your submission.