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Based on the base-case estimates in case Exhibits 8, 9, and 10 and your estimate(s) of terminal value, if the sponsors put up $2.3 billion

Based on the base-case estimates in case Exhibits 8, 9, and 10 and your estimate(s) of terminal value, if the sponsors put up $2.3 billion in equity, what return can they expect to earn?

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