Robert T. and Mary F. Gow - Page 52

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          Valuation Of The Shareholdings                                                
                                              Petitioners’    Respondent’s              
                                              Expert             Experts                
          Per share pro-rata value                 $1,529             $3,719            
          Pro-rata value of 800 shares          1,223,525          2,975,506            
          Discount for lack of control      20%  (244,705)   20%    (595,101)           
          Discount for lack of                                                          
          marketability                  30%  (293,646)   10%    (238,040)              
          Fair market value of 800                                                      
          shares in WVI                     685,174          2,142,364                  
          Rounded                             685,000                                   
          Per share                            856.25              2,678                

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