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3. (a) How attractive was PepsiCo's investment in GEUSA? In doing your valuation, use exhibit 8A. Net operating profit before tax should be net operating

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3. (a) How attractive was PepsiCo's investment in GEUSA? In doing your valuation, use exhibit 8A. Net operating profit before tax should be net operating profit after tax in exhibit 8A. (b) How attractive (to PepsiCo) is the Sanchez proposal for PepsiCo to buy 30% of Delta: for 1.1 billion pesos ($360 million)

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