I need help figuring out how to do the benchmark ratios and maybe you could help me with other parts of the project. below I will add the outline for the project, fun facts for the company that we are doing, and a WACC pdf with the other companies we are comparing to$.$ REGIONAL PIZZA FRANCHISE COMPANY, INC. $($RPFC$$ or the $$Company$)$ Background RPFC is an operator and franchisor of family oriented pizzeria restaurants with locations in the following states: Alaska, Arizona, California, Hawaii, Nevada, Oregon, and Washington. As of December $31,2024($Valuation Date$),$ the Company also had ten international stores. The Company$$s restaurants offer specialty pizzas, along with appetizers, salads, and sandwiches. Based on its latest annual gross revenue, RPFC was one of the $15$ largest pizza franchise firms in the U$.$S$.$ The Company is a Subchapter S Corporation. The principal activities of the Company are franchising its Pizza Brand restaurants and operating Company$-$owned Pizza Brand restaurants. The Company had $450$ stores as of the Valuation Date, of which $100$ were Company$-$owned and $350$ were franchised. The Company had approximately $2,000$ employees. The Company$$s typical restaurant is approximately $3,000$ square feet and located near a big box shopping center, which serves as an anchor for the store location. The Company has a $10-$member board of directors and an experienced management team. The Company$$s competitors fall into three groups. The first group represents independent$/$mom$-$and$-$pop" pizza restaurants, and accounts for approximately one$-$half of the volume in this category nationwide. This group continues to decline. The second group includes branded national chains. Brands include Pizza Hut, Domino$$s$,$ Papa John$$s$,$ Papa Murphy$$s Pizza, and Little Caesars in the Western U$.$S$.$ and primarily or exclusively compete for take$-$out and delivery pizza sales, not dine$-$in sales. The third group of competitors in the Western U$.$S$.$ includes regional brands like Shakey$$s and Straw Hat that are primarily focused on dine$-$in$.$ Following many years of store count decline, these brands have remained relatively flat in their store counts. Management indicated that the Company benchmarks its performance against the following set of companies: Papa John$$s $($NasdaqGS: PZZA$),$ Brinker International $($NYSE: EAT$),$ BJ$$s Restaurants, Inc. $($NasdaqGS: BJRI$)$ and Red Robin Gourmet Burgers Inc. $($NasdaqGS: RRGB$).$ Historical Financial Statement Items Requiring Adjustments $$ Management indicated that Investments in Affiliates and Noncurrent Notes Receivable were nonoperating assets; $$ Reported annual ESOP expenses represent a discretionary item that needs to be replaced with a normalized annual pension benefit expense of $$400,000$; $$ Reported Discontinued Operations, Restructuring Charges and Store Closure Expenses represent nonrecurring costs; $$ Pretax income should be taxed using the income tax rate of $30\%,$ which represents the Federal corporate income tax of $21\%$ and California State corporate income tax of $9\%.$ Projected Results of Operations$$ Items Requiring Adjustments $$ Projected annual ESOP Expenses represent a discretionary item that needs to be replaced with a normalized annual pension benefit expense of $$400,000$ that changes with the projected annual changes in Income from Operations; $$ Projected pretax income should be taxed using the income tax rate of $30\%.$ Other Information Management projected CAPEX of $$6\mathrm{.}5$ million in $2025$ and $$5\mathrm{.}0$ million annually thereafter. In the past, the Company acquired franchisee$$ restaurant operations at the LTM EBITDA multiples ranging between $5\mathrm{.}5$x and $6\mathrm{.}5$x$,$ and LTM EBIT multiples ranging between $6\mathrm{.}5$x and $7\mathrm{.}5$x$.$ Industry research indicated that in the last $5$ years, the public companies in the industry had generally been acquired at a premium to their stock prices prior to announcement of acquisitions. A $30-$day control premium has ranged from $9\mathrm{.}4\%$ to $51\mathrm{.}8\%,$ with a median of $24\mathrm{.}5\%.$ We are evaluating a regional pizza franchise company, with a subject interest of $1\%$ equity, and our purpose is tax. $6.$ Ratio analysis $($based on normalized results of operations$)$; $7.$ Market Approach $($Guideline Public Company Method$)$: $8.$ Income Approach whoever can help us$,$ we need help with the ratio analysis page, and the market approach. we need to do a market approach and income approach. The benchmark ratios we are confused about cause we need to use the WACC paper which has the $4$ other companies we are comparing our regional pizza franchise to$.$ any help will be great. above in this chat is the facts that we need to use to answer some of the excel papers