VALUATION APPROACH ASSIGNMENT INSTRUCTIONS OVERVIEW Business valuation is a set of steps used to estimate what a business is worth. The process, however, is much less straightforward than the definiti

VALUATION APPROACH ASSIGNMENT INSTRUCTIONSOVERVIEWBusiness valuation is a set of steps used to estimate what a business is worth. The process,however, is much less straightforward than the definition. Business valuation is the process ofplacing a reasonable market value on a going concern business or the value of a planned start-upcompany. There are different approaches to business valuation and each approach utilizeddifferent processes to obtain a professional business valuation.INSTRUCTIONSUsing the Hitcher textbook as your primary reference, and supplemented by appropriatesecondary sources, write a research paper that compares and contrasts the three main approachesused to value a private business. Your paper should have an Introduction, five “body” parts(approach 1, approach 2 and approach 3, similarities between approaches, and differencesbetween approaches) appropriately titled, and a Conclusion. In each of the first three body parts,you must describe the approach, note the data needed to apply the technique, and discusslimitations or challenges to properly executing the approach. In the next two sections you need toclearly demonstrate what the approaches have in common and how they differ. Assignment length: 6 – 10 pages, double-spaced (excluding title page and references) incurrent APA format. Number of citations: At least 4 (in addition to your textbook, which must be your primaryreferences). Remember: any article/source listed in your references must be cited at leastonce in your paper. Accepted sources: Books or other scholarly/professional sources. Remember,Investopedia, Wikipedia, websites, periodicals (e.g., newspaper, magazine, newsletters),and blogs are not scholarly/professional sources. You can use these in your paper (ifproperly cited), but they do not count towards the required number of citations