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LEVEREd Inc. and Lalevered Inc. are identical In EVERY Way EXCEPT their capital structures. Each CONTRARY EXPECTS TO ESTI LO] IL_GOD before InterEs ! FET

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LEVEREd Inc. and Lalevered Inc. are identical In EVERY Way EXCEPT their capital structures. Each CONTRARY EXPECTS TO ESTI LO] IL_GOD before InterEs ! FET FEST In FELFELLity, With EECO COIN OILpan` distributing all its Famine = = = dividends. LeverEd' : Perpetual debt has a market value of $10 Million and Costs & DEFLECT DET FEET . LEVELEd ha S. 4 million Shares Outstanding, CUTIENET Worth 510 0 per share . UnleverEd has no debt and ! million shares Outstanding cunTENLY Worth $90 PET share . either firm DEVE takes . IS LEVELED = Stock a better buy then LolEverEd's stock

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