The Implied Private Company Pricing Line (IPCPL) model is a method used to determine the value of a private company. This study compared the IPCPL model to other methods like the Adjusted Capital Asset Pricing Model (ACAPM) and Build-Up Method (BUM). The researchers looked at whether the IPCPL model reduces the need for subjective adjustments by incorporating market differences into transaction prices. They also examined whether these transaction prices accurately reflect the Fair Market Value.