Question: QUESTION THREE [ 2 0 ] 3 . 1 MellowVans has been operating for more than seven ( 7 ) years but is relatively unknown

QUESTION THREE [20]3.1 MellowVans has been operating for more than seven (7) years but is relatively unknown in the market. The owners of MellowVans wants to understand the value of their business and has decided that the earnings-based approach is the best way to value their business. Discuss the earnings-based approach to valuation and analyse its effectiveness for MellowVans.

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