1. What is the current value of Medfield as a company? Use the Exhibit 4 spreadsheet to calculate the NPV of Medfield. Compare this result to the offer price and provide your reasoning for the difference

with wypow.com www. stored . HVAD Oy - un ediyocondicions for Decor y the word ved wo ES OTCC 20 35 2019 2015 27.39 610 DCT 44.4 Financial Forecast Based on ting Products in ons of dollars, unless otherwise noted Direct Marketing Costs of Sales 23.04 General and 27.04 Do Research 19.05 4.05 2010 2012 2012 2014 2015 2016 2017 2011 54.27 126 109.52 2519 12 60 10.95 252 21909 5039 21.90 504 214.77 49.40 4380 TO 4214 943 21.21 9252 210 56 47.46 90 71 20 86 968 412 9.49 20.45 40.42 9.31 37.19 20.05 39 67 10.55 1966 9009 20 72 18809 85.59 91.59 21.14 185.22 42.54 35 39 1927 20:32 16999 BOSS 18.90 19.92 78.97 18.46 B000 18.40 Flexi Sales Cost of sales Lodama Sales Cost oftas Orsamorpha Sales Cost of sales Rexet Sales Cost of sales Totes Cost of sales Research Direct marketing General and administrive 745 19743 4541 37.51 53.31 799 84.90 19.53 24327 55.95 4522 65.6 973 6568 21.99 44.66 83.23 1914 266.42 6128 5062 71.90 10 66 71 93 2302 4891 81.60 1877 31704 72.92 60 24 8560 12.09 85 60 27-29 97.18 3.10 51.30 7.60 51 30 164 34.00 335.79 77.23 630 7.52 50.78 16.25 1453 16 09 34.20 329 20 76.47 62.46 91.22 13.94 17.06 3625 11400 16.00 114.00 3650 5821 90.66 29.01 61.65 27.15 Taves NOPAT with wypow.com www. stored . HVAD Oy - un ediyocondicions for Decor y the word ved wo ES OTCC 20 35 2019 2015 27.39 610 DCT 44.4 Financial Forecast Based on ting Products in ons of dollars, unless otherwise noted Direct Marketing Costs of Sales 23.04 General and 27.04 Do Research 19.05 4.05 2010 2012 2012 2014 2015 2016 2017 2011 54.27 126 109.52 2519 12 60 10.95 252 21909 5039 21.90 504 214.77 49.40 4380 TO 4214 943 21.21 9252 210 56 47.46 90 71 20 86 968 412 9.49 20.45 40.42 9.31 37.19 20.05 39 67 10.55 1966 9009 20 72 18809 85.59 91.59 21.14 185.22 42.54 35 39 1927 20:32 16999 BOSS 18.90 19.92 78.97 18.46 B000 18.40 Flexi Sales Cost of sales Lodama Sales Cost oftas Orsamorpha Sales Cost of sales Rexet Sales Cost of sales Totes Cost of sales Research Direct marketing General and administrive 745 19743 4541 37.51 53.31 799 84.90 19.53 24327 55.95 4522 65.6 973 6568 21.99 44.66 83.23 1914 266.42 6128 5062 71.90 10 66 71 93 2302 4891 81.60 1877 31704 72.92 60 24 8560 12.09 85 60 27-29 97.18 3.10 51.30 7.60 51 30 164 34.00 335.79 77.23 630 7.52 50.78 16.25 1453 16 09 34.20 329 20 76.47 62.46 91.22 13.94 17.06 3625 11400 16.00 114.00 3650 5821 90.66 29.01 61.65 27.15 Taves NOPAT