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Parameters Market Value of Equity Market Value of Debt Total Market Value Weight of Equity Weight of Debt E(Rm) 465,300.00 # of Shares Outstanding 56,810,000.00

Parameters Market Value of Equity Market Value of Debt Total Market Value Weight of Equity Weight of Debt E(Rm) 465,300.00 # of Shares Outstanding 56,810,000.00 # of Bonds Outstanding $ $ 57,275,300.00 Market Price of Bonds 0.81% Market Price of Stock 99.19% $ Rf Cost of Equity (re) Cost of Debt (ra) After-Tax Cost of Debt WACC Note Cells C21 and C22 include the initial (today's) cash flows. Column D through G are the operating cash flows. $ 0.98 Years to Maturity PMT FV Before tax YTM Before tax YTM * 2 $ Bond Info Provided for your convenience 874000 4700 1,095.00 67.00 11 $1,000

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