Question: Using the information in Exercise 20-40 for Yum, Inc. Required: Determine the valuation of the company at the end of 2013 using each of the

Using the information in Exercise 20-40 for Yum, Inc.
Required:
Determine the valuation of the company at the end of 2013 using each of the following three methods. Assume earnings and cash flows for the coming 10 years are all equal to the earnings and cash flows in 2013 and the appropriate multiple is 23.4, while the earnings multiple is 21.7.
a. Market capitalization
b. Enterprise Value
c. Multiple

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