• Explain the concepts of intrinsic value and economic value added for Federal Express and United Postal Service, using the SEC website. Show a time series analysis (benchmark and trend) comparing the firms to the industry averages.

• Discuss financial (e.g., ratios and balance sheets analysis) and non- financial variables at play in valuing the two companies. Benchmarking and trending should be used to provide context to your analysis.

• Explain how the price of the stock is determined.