2) Exhibit 4: SFC's determination of weighted average cost of capital (WACC) Required: Complete the audit worksheet. Provide an external reference for cach input to the model. Use your judgment to determine if an input is reasonable or not. If you consider one of SFC's inputs to unreasonable or incorrect, what affect does a reasonable/correct input have on the overall analysis (i.e., the final assessment in 2)? Reasonable?" Reference (Y/N) External source and discussion for any inputs deemed unreasonable *For inputs you determine to be unreasonable or incorrect, provide what you think a reasonable value would be, and what affect the change would have on the assessment of goodwill (i.e., the final assessment in 1) ords English (United States) $ 98 5 8 7 9 8 6 4 3 2 E Excel File Edit View Insert Format Tools Data Window Help AutoSave OF Avu SFC_Goodwill_impairment Analysis - Saved to my Mac ne Insert Draw Page Layout Formulas Data Review View Tell me 1 Times New Roman 11 P Wrap Text General este BIU A Merge & Center $ - % Conditional Format Cell Formatting as Table Styles fx Exhibit 4 A C D Exhibit 4 Valuation Schedule Styles Finance Co. December 31, 2019, WACC Analysis (US. Raporting Unit) Description Notes Cate? Refervare laltiah Risk-free Notes 1.92 Vildt your 2001 Equity is pretium 5.60% Likum 1002 100 SALY SES None NOR het nie NA Reculation systematic risk factor 10 Super 2.00% SALY SES Company wifi ish is one of the 11 Dially large 12 Cost of NA 12 Emprescono che 6. Amigos 14 Tederate 00 15 S 1004 16 Anette of debt NA 17 ya CALY 13 - SALY SES 19 WACC Ended NA 20 21 22 7 Beta 34 25 26 27 29 30 1 D 1 x Initial Net Camplete leterese 00 Valuation Schedule Style Finca December 11, 2019, WACC Analys (US Reporting to Descripti Notes Risk-freete 1.925 Video 1 your Equity rik premium 5.40% Langit 11 de public XDS+ Thaqiri 002 SALY NA 100 1007 Non ti SES SES SALY SY SIS Diwany potential change with mentioned Did any potential change with me, none noted Racalculation 1003 SES NA 003 2009 Aplicable 100% Ridh mise qualitat de bine in the 110 Ristim completo 6.00% Applegado 18.0% Sports Maderal 335 Stype 15 Aero 700 den 30.0496 Industry in ON WACC - pitality SES -1000 7005 NA SALY SALY NA SES losti None None tun SRS 30 Size premium Copy-pace 11 12 fequity 13 med cost of chi 34 Pedele 15 x 16 Afer taxe dhe 17 18 Decapital 19 Estimated WACC crowd 20 21 22 23 24 25 26 27 23 29 30 31 32 33 14 Exhibit Exhibit 2 E3 Exhibit 4 Exhibit 2) Exhibit 4: SFC's determination of weighted average cost of capital (WACC) Required: Complete the audit worksheet. Provide an external reference for each input to the model Use your judgment to determine if an input is reasonable or not. If you consider one of SFC's inputs to unreasonable or incorrect, what affect does a reasonable/correct input have on the overall analysis (ie, the final assessment in 2)? Reasonable? Reference (Y/N) External source and discussion for any inputs deemed unreasonable *For inputs you determine to be unreasonable or incorrect, provide what you think a reasonable value would be, and what affect the change would have on the assessment of goodwill (i.e., the final assessment in 1) ords English (United States) $ 98 5 8 7 9 8 6 4 3 2 E Excel File Edit View Insert Format Tools Data Window Help AutoSave OF Avu SFC_Goodwill_impairment Analysis - Saved to my Mac ne Insert Draw Page Layout Formulas Data Review View Tell me 1 Times New Roman 11 P Wrap Text General este BIU A Merge & Center $ - % Conditional Format Cell Formatting as Table Styles fx Exhibit 4 A C D Exhibit 4 Valuation Schedule Styles Finance Co. December 31, 2019, WACC Analysis (US. Raporting Unit) Description Notes Cate? Refervare laltiah Risk-free Notes 1.92 Vildt your 2001 Equity is pretium 5.60% Likum 1002 100 SALY SES None NOR het nie NA Reculation systematic risk factor 10 Super 2.00% SALY SES Company wifi ish is one of the 11 Dially large 12 Cost of NA 12 Emprescono che 6. Amigos 14 Tederate 00 15 S 1004 16 Anette of debt NA 17 ya CALY 13 - SALY SES 19 WACC Ended NA 20 21 22 7 Beta 34 25 26 27 29 30 1 D 1 x Initial Net Camplete leterese 00 Valuation Schedule Style Finca December 11, 2019, WACC Analys (US Reporting to Descripti Notes Risk-freete 1.925 Video 1 your Equity rik premium 5.40% Langit 11 de public XDS+ Thaqiri 002 SALY NA 100 1007 Non ti SES SES SALY SY SIS Diwany potential change with mentioned Did any potential change with me, none noted Racalculation 1003 SES NA 003 2009 Aplicable 100% Ridh mise qualitat de bine in the 110 Ristim completo 6.00% Applegado 18.0% Sports Maderal 335 Stype 15 Aero 700 den 30.0496 Industry in ON WACC - pitality SES -1000 7005 NA SALY SALY NA SES losti None None tun SRS 30 Size premium Copy-pace 11 12 fequity 13 med cost of chi 34 Pedele 15 x 16 Afer taxe dhe 17 18 Decapital 19 Estimated WACC crowd 20 21 22 23 24 25 26 27 23 29 30 31 32 33 14 Exhibit Exhibit 2 E3 Exhibit 4 Exhibit 2) Exhibit 4: SFC's determination of weighted average cost of capital (WACC) Required: Complete the audit worksheet. Provide an external reference for each input to the model Use your judgment to determine if an input is reasonable or not. If you consider one of SFC's inputs to unreasonable or incorrect, what affect does a reasonable/correct input have on the overall analysis (ie, the final assessment in 2)? Reasonable? Reference (Y/N) External source and discussion for any inputs deemed unreasonable
