ICG SPREADSHEET FOR FIVE YEARS (cashflow in thousands) 1 2 3 4 8,490 5 8,659 8,160 8,323 MARKET SIZE PRICE VARIABLE COST SALES (MS) NET REVENUE FIXED COSTS CASHFLOW 8,000 7.0 5.0 1,200 2,400 -2000 400 -2,500.00 ASSUMPTIONS RESULTS NPV IRR Discount Rate Prod Cost Price Market Share MS Incr MktGrowth 15% 5 7 15% 0.3% 102.0% BaseCase Pessimistic Most Likely MS Incr -0.2% 0.3% MktGrowth 90.0% 102.0% NPV IRR Optimistic 0.8% 108.0%