... variation.ForecastYearDiscounted.20Discounted.25Discounted.3020 01 $ 18 9,527 $ 18 1,946 $ 17 4,9482002 17 4,890 16 1 ,17 9 14 9, 019 2003 15 9,868 14 1,443 12 5,7 41 2004 14 4,995 12 3 ,17 2 10 5,270Plus ... Valuation Exercise 10 9Property & EquipmentLand $364, 210 Buildings 19 3,200Equipment 12 7, 610 Vehicles 14 ,15 4Total Property/Equipment $699 ,17 4Investments $ 15 ,500TOTAL ASSETS $ 919 ,6 01 LiabilitiesSales ... $667,4 81 TOTAL LIABILITIES & EQUITY $ 919 ,6 01 Income Statements (Reconstructed for Valuation)Recast Income Statements for Valuation 19 98 19 99 20009-MonthsY-T-D20 01 12-MonthForecast20 01 Sales...