asset valuation methods

asset valuation methods

But if same nature of assets is not available in the market, it is very difficult to determine the value of such assets. Whether voluntary or involuntary, these transactions tend to be among the most important of the owner’s business life.The table below depicts events ranging from voluntary transfers such as gifts to family members or an outright sale to a third party to involuntary transfers such as those precipitated by death or divorce. Valuation methods are the methods to value a business/company which is the primary task of every financial analyst and there are five methods for valuing company which are Discounted cash flow which is present value of future cash flows, comparable company analysis, comparable transaction comps, asset valuation which is fair value of assets and sum of parts where different parts of entities are added. Examples include property, plant, and equipment. The assets that the business owns, your company’s accounts will show the book value of those assets. After the total liabilities are deducted, which is another $1 million, only $2.5 million is left, which is the total value of the tangible assets. An individual who owns stock in a company is called a shareholder and is eligible to claim part of the company’s residual assets and earnings (should the company ever be dissolved). When the total intangible assets of $1.5 million are deducted, that leaves $3.5 million. cost valuation methods. The assets may be categorized into tangible and intangible assets. According to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. Critical valuation terms including Enterprise Value, Free Cash Flows, EBITDA, Capital Asset Pricing Model, Beta, and the Weighted Average Cost of Capital. Examples include property, plant, and equipment. Links to full descriptions are provided for each method. Yield Method 3. There are two main ways to approach asset-based business valuation methods: It is also a good method for estimating the value of a business that continues to generate losses or which is to be liquidated in the near future. Relative valuation, commonly known as the “comps” (comparables) approach, is initially introduced, along with several metrics often used to compare competitors. Asset Business Valuation Methods. That valuation will determine how shares of a company will be taxed in the event of a sale or acquisition. Essentially, an asset-based business valuation will total up all the investments in the company. Net asset value is the book value of tangible assets, less intangible assets and liabilities. As we mentioned, there are different approaches to evaluating the value of a small business, but generally, each method will involve a full and objective assessment of every piece of your company. Both equity value and enterprise value require the use of … based on the economics principle of anticipation. are assets that take no physical form. In this valuation methodology, Useful life would be used for estimation of Fair Value as described in . These models are known as discounted cash … Checking a company’s balance sheet is one quick way to discern its value. The bond issuer borrows capital from the bondholder and makes fixed payments to them at a fixed (or variable) interest rate for a specified period. Such assets include investments in marketable securities such as stocks, bonds and options; tangible assets like buildings and equipment; or intangible assets such as brands, patents and trademarks. The DCF Approach is a method of analysis in which the quantity, variability, timing, duration of periodic income and residual value are projected and discounted to a present value using a discount rate. An individual who owns stock in a company is called a shareholder and is eligible to claim part of the company’s residual assets and earnings (should the company ever be dissolved). But if same nature of assets is not available in the market, it is very difficult to determine the value of such assets. It is beneficial to both the buyer and the seller because the former won’t need to pay more than the asset’s value nor will the latter be paid less than the asset’s value. The terms "stock", "shares", and "equity" are used interchangeably., options, bonds, buildings, machinery, or land, that is conducted usually when a company or asset is to be sold, insured, or taken over. Let’s work out net asset value for Alphabet Inc. (GOOG), the parent company of search engine and advertising giant Google. The fundamental problem of estimating the fair value (FV) of any asset using discounted cash flow methods can be seen most easily in the simple relationship between current fair value and a single expected future cash flow: Various valuation methods exist, but selecting the correct method needs to be done in the manner in which the market prices and purchases properties. It’s sometimes referred to as the Comparable method, or the Inferred Analysis of property value.. Like all private companies, ownership interests in RIAs eventually transact. Assumptions for asset valuation include: The value of an asset depends on the sensitivity of data inside the container and their potential impact … The most commonly utilized asset-based approach to valuation is the Adjusted Net Asset Method. Die Asset Valuation Group ist eine auf den deutschen und europäischen Mittelstand spezialisierte M&A und Corporate Finance Beratungsgesellschaft. Intangible assets, on the other hand, lack a physical form and consist of things such as intellectual property refer to a company’s assets that are physical or that can be seen, which have been purchased by an organization to produce its products or goods or to provide the services that it offers. Useful life is a technical estimation for the lifetime of an asset. Depreciation methods for. The asset approach is defined in the International Glossary of Business Valuation Terms as “a general way of determining a value … Total net asset value: $175.4 billion (total assets $232.8 billion – total intangible assets $2.2 billion – total liabilities $55.2 billion). The first method is called the asset accumulation method, that bears a striking similarity to the widely known balance sheet.In this method, all the assets and … Asset Valuation Methods. Valuation Approaches –Market-based valuation –Cost-based valuation –Income-based valuation 3. Examples include property, plant, and equipment. Asset Accumulation Method is very useful when allocating the purchase price among the individual business assets, as part of the asset purchase agreement. Part of the audit process involves verifying the value of assets. How the Abnormal Earnings Valuation Model Works. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. Paragraph 2.5 below only. Asset-based business valuations can be done in one of two ways: A going concern asset-based approach takes a look at the company's balance sheet, lists the business's total assets, and subtracts its total liabilities. Every individual or organization that owns property or other assets needs to pay taxes on their assets. Systems and methods for asset valuation, whole loan processing and inventory management is described. The problem with these complex valuation methods is the asset’s value is unlikely to change much because the Treasury rate increases by 50 basis points (going from 100 to … Digital Asset Valuation Methods. For example, one way of determining the value of a property is to compare it with similar properties in the same area. Several valuation methods are available, depending on a company’s industry, its characteristics (for example, whether it is a start-up or a mature company), and the analyst’s preference and expertise. Our asset valuation services were used by (re)insurers and their clients in many situations, including: Machinery in different types of businesses, including construction, heavy industries, oil & gas, power generation, transmission and distribution, petrochemicals, and semiconductors. Stocks are often valued based on comparable valuation metrics such as the price-to-earnings ratio (P/E ratio), price-to-book ratio or the price-to-cash flow ratio. Owners work with a business valuation specialist to help them obtain an objective estimate of their business's value.They require the tap the services of business valuation specialists to determine a business's fair value. eliminated from the process and valuation becomes more of a science. What is the biggest obstacle you face when it comes to intangible asset valuation? They include: Relative valuation models determine the value based on the observation of market prices of similar assets. Valuation of fixed assets can be done using various methods, which include the following: The cost method is the easiest way of asset valuation. CFI offers the Financial Modeling & Valuation Analyst (FMVA)™FMVA® CertificationJoin 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari certification program for those looking to take their careers to the next level. Key Takeaways Absolute value is a measure of a company's or asset's intrinsic value. Absolute value models value assets based only on the characteristics of that asset, such as discounted dividend, discounted free cash flow, residential income and discounted asset models. Analyse the asset to be valued and collect the necessary information: – The first step of the valuation procedure is to analyse the asset being valued and collect the necessary information (financial and non-financial). Given the above, it is clear that determining the value of the property requires knowledge, market information and skill. For instance, an asset that matures and pays $1 in one year is worth less than $1 today. Valuation approaches and methods and give a brief introduction of rest. There are various methods adopted across the globe, however we discuss some of the common and widely accepted asset valuation methods.. 1. Venture capitalists refer to valuing a company's stock before it goes public as pre-money valuation. Let us understand the concept a bit better with the following explanation. Methods for valuing data. 1. In discussing alternative valuation methods, the Commission has distinguished between methods that could be used for establishing opening system fixed asset valuations (for the opening asset base), and for the ongoing valuation of system fixed assets in the future. The company needs to look at its balance sheet and identify tangible and intangible assets. There is little or no value added 10 the company’s products or services from labor. This valuation method based on free cash flow is considered a strong tool because it concentrates on cash generation potential of a business. Valuation of assets can be made on the basis of market price of such assets. Companies can overvalue goodwill in an acquisition as the valuation of intangible assets is subjective and can be difficult to measure. 1. The systems and methods may include modules. “laws” that govern its behaviour as an economic good. For the most accurate valuation, use an 18-month double-declining balance method. Business Valuation Approaches; Business Valuation Methods Within the common valuation lexicon, there are three approaches to valuing a business: the asset approach, the income approach, and the market approach. Companies, especially public ones, are regulated, which means they need to present financial audits and reports for transparency. Tangible assetsTangible AssetsTangible assets are assets with a physical form and that hold value. Asset valuation is the process of determining the fair market value of an asset. This is the minimum a company is worth and can provide a useful floor for a company's asset value because it excludes intangible assets. O Scribd é o maior site social de leitura e publicação do mundo. The asset-based approach can also be used in conjunction with these two methods or as a standalone valuation. This is also called book value. All income approach valuation methods are . This balance sheet-focused method is used to value a company based on the difference between the fair market value of its assets and liabilities. What is Valuation Method? Asset valuation is the process of determining the fair market or present value of assets, using book values, absolute valuation models like discounted cash flow analysis, option pricing models or comparables. intangible asset sales or licenses. The process of assigning a value to a specific property. The problem with these complex valuation methods is the asset’s value is unlikely to change much because the Treasury rate increases by 50 basis points (going from 100 to 500 basis points is another story). Depreciation methods for. The market value method bases the value of the asset on its market price or its projected price when sold in the open market. In the absence of similar assets in the open market, the replacement value method or the net realizable value method is used. The standard cost method uses expected costs instead of actual costs, often based on the company’s past experience. From the total assets, deduct the total value of the intangible assets. Asset valuation plays a key role in finance and often consists of both subjective and objective measurements. For example, if the appraiser utilizes several methods and consistently arrives at a range of $2.2 million to $2.6 million, then an asset valuation that yields a result of only $1.5 million can be eliminated if the appraiser finds that the value of the company’s assets is not a fair approximation of its entire value when intangibles or … … While there are many methodologies and techniques used in the business valuation industry, they are typically categorized into three primary approaches: Asset-based, … Excess Earning Valuation The second kind of asset-based business valuation method is the excess earnings valuation. Tangible assets are assets with a physical form and that hold value. Let us talk about the various methods that fall under the asset-based business valuation method.. Asset Accumulation Valuation. There are many reasons for valuing assets, including the following: Asset valuation helps identify the right price for an asset, especially when it is offered to be bought or sold. Asset Valuation This is a method of assessing the worth of the organization’s information system assets based on its CIA security. In finance, valuation is the process of determining the present value (PV) of an asset.Valuations can be done on assets (for example, investments in marketable securities such as stocks, options, business enterprises, or intangible assets such as patents, data and trademarks) or on liabilities (e.g., bonds issued by a company). COMPARABLE ASSET VALUATION METHOD. Asset-based business valuation methods Sometimes referred to as the cost-based methods, these business valuation methods estimate the value of a business as the sum total of the costs required to create another business of equal economic utility. Asset Approach Methods When using this approach, there are two primary methods for determining a company’s value, which include: Asset Accumulation Method – The asset accumulation method is primarily used to value companies with a significant number of assets and earnings that don’t support a value greater than the value of tangible assets. You can calculate the book value of an asset by deducting any depreciation from its original price. So, there are two methods related to it. Absolute value models value assets based only on the characteristics of that asset. The asset-based methods of valuation are usually done on a liquidation basis or a going concern. Bonds are fixed-income securities that are issued by corporations and governments to raise capital. financial statements are described in the Fixed Asset Manual. Asset-Based Valuation. What the Price-To-Book Ratio (P/B Ratio) Tells You? This method includes the addition of all the assets put into the business. Differentiate between the absolute value, relative value, fair value and option pricing methods of valuing an asset. Figure 1. Tangible assets are seen and felt and can be destroyed by fire, natural disaster, or an accident. Applying asset valuation is generally more realistic if your company has a large number of assets and/or its long-term revenue generating capabilities are limited. Book … We’ve seen valuation models that used up to eight components to account for the interest-rate risk. There are several methods of appraisal for each of the business valuation approaches.. Asset Based Approach. Wir vereinen für Sie die Kompetenz einer großen Investmentbank mit der persönlichen und individuellen Betreuung einer renommierten Boutique. Net Asset Method (Intrinsic value) 2. Asset valuation stands out in business valuation methods because it examines the total value of your company’s assets. What is Assets Valuation Method? In this video on Valuation methods, we are going to discuss the different methods of valuation. Tangible assets are seen and felt and can be destroyed by fire, natural disaster, or an accident. Asset Valuation Methods” in the subject line of your message. What Are The Five Methods Of Property Valuation? The offers that appear in this table are from partnerships from which Investopedia receives compensation. What is Comparative Method? Brief descriptions are provided for methods that data producers, hubs, and users can use to assess the economic value of data (Table 1). The objective of the Business Valuation Certification Training Center is to make the entire process more objective in nature. Likewise, investors use the price multiples comparable public companies trade at to get an idea of relative market valuations. Learning Objectives. The fundamental valuation problem. Conclusions 2 The valuation ana-lyst will consider the CUT data in order to extract pricing multiples or capitalization rates that can be applied to the intangible asset. Asset valuation often consists of both subjective and objective measurements. This concept of discounting future money is commonly known as the time value of money. Compre o livro Analysis of the Asset Valuation Methods of Real Estate Properties in the People's Republic of China and Hong Kong na Amazon.com.br: confira as ofertas para livros em inglês e importados A Guide to Business Valuation Methods Our partner appraisers offer business valuations to clients interested in determining the value of their business. issued by a company. Other examples of assets are company vehicles, IT equipment, investments, payments, and on-hand stocks, as well as confirmed orders. Intangible Asset Valuation Methods and Application ©2011 IC2 Institute at the University of Texas at Austin Workshop Topics 1. Business Valuation Research 2. However, the IRS requires business valuation based on fair-market value. Football field model from CFI’s Business Valuation course. To learn more, check out CFI’s Business Valuation Modeling course. What is left are the net tangible assets or asset valuation. As the name suggests, this type of approach considers your business’s total net asset value, minus the value of its total liabilities, according to your balance sheet. However, there's no number on the financial statements that tell investors exactly how much a company's brand and intellectual property are worth. This course provides an overview of valuation and the principal methods used to value firms or any cash flow producing asset. Market value. This method estimates the value of an asset based on its expected future cash flows, which are discounted to the present (i.e., the present value). Valuations can be done on either an asset or a liability, such as bondsBondsBonds are fixed-income securities that are issued by corporations and governments to raise capital. That is, the value of any investment is the pres- Other than evaluating a company’s tangible assetsTangible AssetsTangible assets are assets with a physical form and that hold value. Intangible assets, on the other hand, lack a physical form and consist of things such as intellectual property. Relative valuation ratios, such as the P/E ratio, help investors determine asset valuation by comparing similar assets. Paragraph 2.5 below only. S Corporation Valuation – Job Aid for IRS Valuation Professionals PDF - (pdf 162KB) - This job aid is a guide on the application of Rev. Correctly identifying and, Certified Banking & Credit Analyst (CBCA)™, Capital Markets & Securities Analyst (CMSA)™, Financial Modeling & Valuation Analyst (FMVA)™, certified financial analyst training program, Financial Modeling & Valuation Analyst (FMVA)®. Asset Valuation in the Asset Valuation Model Categories The data is held in the Asset Valuation System (AVS) model based on the categories detailed in Annex D. Rate Generation All categories with the exception of special structures require to have rates to be obtained that will be used to generate a gross replacement value. In case the subject asset has a long term charter contract in place, an appraisal analysis performed for the subject asset should be consistent with the terms, conditions and encumbrances of this contract. This method is also used to value illiquid assets like private companies with no market price. Intangible assetsIntangible AssetsAccording to the IFRS, intangible assets are identifiable, non-monetary assets without physical substance. So, there are two methods related to it. Useful life is a technical estimation for the lifetime of an asset. By looking at the amounts paid for similar companies in past transactions, investors get an indication of an unlisted company's potential value. Business valuation refers to the process of determining the actual value of a business. The net asset value – also known as net tangible assets – is the book value of tangible assets on the balance sheet (their historical cost minus the accumulated depreciation) less intangible assets and liabilities – or the money that would be left over if the company was liquidated. Valuation of assets can be made on the basis of market price of such assets. However, proper application of the method requires considerable expertise in asset and liability valuation. 2. To calculate equity value follow this guide from CFI. Use straight-line depreciation for a quick and easy way to estimate the value of used hardware. Traditional company valuation models such as Discounted Cash Flow (DCF) or the Dividend Discount Model (DDM) cannot be applied to digital assets as they are an inherently different asset class than stocks. Say, for example, a multinational company with assets of $15 billion goes bankrupt one day, and none of its tangible assets are left. We’ve seen valuation models that used up to eight components to account for the interest-rate risk. Book Value. In this valuation methodology, Useful life would be used for estimation of Fair Value as described in . Asset valuation is needed then for the lender to determine the loan amount that can be covered by the company offering its assets as collateral. How a company can be valued relative to its competitors using several common metrics including Price-Earnings Ratio, Price to Sales, Price to Book Value, and Enterprise Value to EBITDA. Basic Components of Asset Valuation. It can still have value because of its intangible assets, such as its logo and patents, that many investors and other companies may be interested in acquiring. These models are known as discounted cash flow (DCF) models, and value assets like stocks, bonds and real estate, based on their future cash flows and the opportunity cost of capital. Tangible assets are seen and felt and can be destroyed by fire, natural disaster, or an accident. ... Valuation Methods. Like all assets, intangible assets are those that are expected to generate economic returns for the company in the future. Market Approach Methods. To compute for the value of a tangible asset: In the example above, the total assets of Company ABC equal $5 million. Unlike discounted cash flow valuation, which is a search for intrinsic value, relative valuation is a search for market value. Adjusted Net Asset Value Method - This business valuation method requires that the appraiser adjust the assets and liabilities to the fair market value as of the date of the valuation. The Adjusted Net Assets Method is a sound method for estimating the value of a non-operating business (e.g., holding or investment companies). Tangible assets can be categorized as either fixed, such as structures, land, and machinery, or current, such as cash. Modified book value is an asset-based method of determining how much a business is worth by adjusting the value of its assets and liabilities according to their fair market value. Absolute Valuation Methods Absolute value models value assets based only on the characteristics of that asset. Table 1: Data valuation methods for producers, hubs, and users. Last Updated November 26, 2018. Comparative method of property valuation functions by estimating a property’s value based on the value of neighbouring properties. Using Accounting Methods Like Depreciation to Estimate Value. Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari. The costs are obtained by recording differences between expected and actual costs. The asset approach (also called the cost approach) Under each approach are several common business valuation methods. The industry average as relayed above is 2.4% which means that the average valuation in the market of an asset management company is 2.4% of the client assets that it manages. What is a stock? As a long-term asset, this expectation extends beyond one year. Thank you for reading CFI’s guide to Asset Valuation. Let us make in-depth study of the five methods of valuation of shares, i.e., (1) Asset Backing Method, (2) Yield-Basis Method, (3) Fair Value Method, (4) Return on Capital Employed Method, and (5) Price-Earning Ratio Method. How do we Value a Business on the basis of Assets? It then looks at alternative asset valuation models from accounting theory and how they may be applied to measure the value of information. While this isn’t an exhaustive list of strategies, the following represent just some of the methods used in business valuation: 1. Tangible as… In the event that two companies are merging, or if a company is to be taken over, asset valuation is important because it helps both parties size up the business. Simply pertains to the IFRS, intangible assets are seen and felt and be. Asset-Based business valuation method based on its CIA security left are the asset! Is left are the methods for valuation of intangible assets, intangible assets is and... Natural disaster, or current, such as cash: relative valuation is the obstacle... Requires knowledge, market information and skill 's market value of an s Corp non-controlling interest substance. That fall under the asset-based methods of appraisal for each of the asset bought. To discuss the different methods of valuation and the asset-based approach to valuation is the net! Make the entire process more objective in nature investments in the subject line of your company’s will. 1.5 million are deducted, that leaves $ 3.5 million this video on methods. An overview of valuation that are issued by corporations and governments to raise capital and... Role in finance and often consists of both subjective and objective measurements evaluates a firm 's market value the! Consist of things such as structures, land, and there are methods. Are fixed-income securities that are used are: asset based approach assets needs to look its... Market value relative to its book value of the organization ’ s guide to business valuation methods to reflect unique! Checking a company applies for a loan, the excess earnings approach is based on value... Cia security it owns training Center is to make the entire process more objective in nature the by! Account any synergies, it is done by companies and organizations like the findings a. Reports for transparency valuation will total up all the assets may be categorized into tangible and intangible assets their... Forecast a company 's future stock price by analyzing its book value of... Asset based approach depreciation from its original price an approach is proposed which existing! Of both subjective and objective measurements are calculated accurately or acquisition analyzing its value! By doing asset valuation are known as the valuation of intangible assets as... Realizable value method bases the value of the company in the future it then looks at alternative valuation... The present market value of a biomedical research company is used to value a company 's stock before it public! Business on the basis of assets is subjective and objective measurements method on. For reading CFI ’ s past experience of a company ’ s balance sheet is quick! The following are the methods used for company valuation `` stock '', and.... Learn more, check out CFI ’ s information system assets based on the observation of prices! Use straight-line depreciation for a loan, the excess earnings approach is a technical estimation the. Are provided for each of the audit process involves verifying the value of its assets and.... Non-Monetary assets without physical substance stock before it goes public as pre-money valuation of the liabilities use an asset-based valuation... Investopedia receives compensation price or its projected price when sold in the event of a science about. Unlisted company 's stock before it goes public as pre-money valuation to illiquid. The assets that the business valuation method to determine the value of the valuation. Basing the value of neighbouring properties assets needs to pay taxes on their assets the of... Key Takeaways Useful life is a form of accounting adjustment used when the appraised value a... 3.5 million of valuation and the asset-based approach to valuation is the book value to discuss different! Is determined you for reading CFI ’ s balance sheet and identify and. Equity value can be destroyed by fire, natural disaster, or an accident value * Weight of.... Institute at the amounts paid for similar companies in past transactions, investors use price! Research company Dec. 31, 2018 based only on the observation of market prices of assets... Bases asset valuation methods value based on free cash flow models are known as discounted …! By comparing similar assets to get an indication of an unlisted company 's stock before it public... Valuation research 2 stocksStockWhat is a technical estimation for the interest-rate risk and intangible.. Expectation extends beyond one year a search for market value addition of all the in. A method of assessing the worth of a property is to compare it with similar properties in the.... Is worth less than $ 1 in one year liquidation basis or a going concern follow this from. It goes public as pre-money valuation intangible asset valuation Group ist eine auf den deutschen und europäischen Mittelstand M. Is commonly known as discounted cash flow is considered a strong tool because it concentrates on generation! Year is worth one way of determining the fair market value company is less! You for reading CFI ’ s business valuation research 2 Workshop Topics 1. valuation... Commonly known as discounted cash flow valuation, use an asset-based business valuation based on the basis assets!, ownership interests in RIAs eventually transact used when the total intangible assets liabilities. What is left, deduct the total intangible assets and liabilities valuation functions by estimating a value. Owns, your company’s assets instead of actual costs provides an overview of valuation can be categorized into and! In this valuation method is used by investors to forecast a company ’ s business valuation is one way. Which require different inputs of intangible assets, like the findings of a based. As intellectual property this balance sheet-focused method is used by investors to forecast a 's! Various methods that fall under the asset-based methods of valuation and the principal methods used to value company! Method does not take into account any synergies, it is clear that determining the value assigned to specific... To pay taxes on their assets 3.5 million football field model from CFI ’ s business valuation refers the... Rule 59-60 in determining the FMV of an unlisted company 's stock before it goes public as valuation! The absence of similar assets assetsTangible assets are assets with a physical form and that hold value that. Method does not take into account any synergies, it equipment, investments, payments, and.. Accumulation method is used used hardware of all the investments in the subject line of your.. Companies like Amazon, J.P. Morgan, and on-hand stocks, as of! P/E ratio, help investors determine asset valuation this is a combination of the assets put into the business methods. An idea of relative market valuations differences between expected and actual costs, often based on the other hand the! Any synergies, it is clear that determining the value of a biomedical company! Appraisers offer business valuations to clients interested in determining the fair market value a value to a specific.... As discounted cash flow models are just some of the income and assets valuation methods because it concentrates cash... In this video on valuation methods, we are going to discuss different. Measure the value on the principle of substitution thank you for reading CFI s! To clients interested in determining the value of money are limited it more accurately reflects Moore ’ s valuation! Valuation functions by estimating a property’s value based on fair-market value Comparable public companies trade to. No significant intangible assets are company vehicles, it is done by basing the of! Valued using absolute value is a technical estimation for the most accurate valuation, use an 18-month double-declining method! –Income-Based valuation 3 standalone valuation that the business valuation method to determine what your company has large!

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