Conduct a Sensitivity Analysis:

1. Vary the following inputs to the two-tier valuation model and indicate the new valuation amount and the percentage change from the above "base" case.

• Free Cash Flows

1. Increase the FCF by 10%
2. Decrease the FCF by 10%

• Terminal Growth Rate

1. Increase the Terminal Growth Rate from 2.5% to 3.5%
2. Decrease the Terminal Growth Rate from 2.5% to 1.5%

• WACC

1. Add 2% to the WACC (that is if the WACC is 7.5% make it 9.5%)
2. Subtract 2% from the WACC (that is if the WACC is 7.5% make it 5.5%)