Robert T. and Mary F. Gow - Page 54

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          Valuation Of The Shareholdings                                                
                                              Petitioners’    Respondent’s              
                                              Expert             Experts                
          Per share pro-rata value                 $1,527            $3,319             
          Pro-rata value of 400 shares            610,632         1,327,451             
          Discount for lack of control      30%  (183,190)   50%   (663,725)            
          Discount for lack of                                                          
          marketability                  30%  (128,233)   10%    (66,373)               
          Fair market value of 400                                                      
          Shares in WVI                     299,210           597,353                   
          Rounded                             299,000                                   
          Per share                            747.50             1,493                 

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