DONG IVIEII'KEE rate 'lU owe Bond Market rate '11 iprojectedII 100a Company belie-.ree they could issue Preferred Stock at a price: 22 .00 The diyidend associated with this would be: 1.50 Flotation costs would be: 2% Company also belie-.ree they could issue Common Stock at a price: 28.00 Flotation costs would be: 1% Diyidend will be based on historic growth. Diyidend History is aefollowe: Diyidend Hietong Year Diyidend 2008 1.50 2009 1.55 2010 1.55.3I The Company's internal criteria are: Payback within 3 years Hurdle rate of Coat of Capital plus 5%