Please use the attached tables to answer the following questions and show your work. 1) Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board of Directors uses a Specialized equity redemption plan that redeems the members entire retained equity at age 67. How much redeemed equity will Ole receive on his 67th birthday next week? (Please see Table 1)

2) Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board of Directors uses a Percentage of All Equities equity redemption plan. The Board of Directors has approved the allocation in Table 2. What percentage of all equity will be redeemed (Please round to six decimals; ex. 0.083416)? How much redeemed equity will Ole receive in 2021? (Please see Table 2)

3) Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board of Directors uses a Revolving Fund equity redemption plan. The Board of Directors has voted to redeem the retained equity from 2013. How much redeemed equity will Ole receive in 2021? (Please see Table 3)

4) Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board of Directors uses a Base Capital equity redemption plan. The Board of Directors has chosen a base capital level of $ 65,000,000. Please calculate Oles Adjusted Equity Obligation. Is Ole over invested or underinvested? How much is Ole overinvested or underinvested? (Please see Table 4)

Table 1. Information for Specialized equity redemption plan Fiscal Year Retained Equity for Ole Olson 2011 $ 15,079 2012 $ 14,288 2013 $ 30,745 2014 $ 38,746 2015 $ 49,397 2016 $ 58,756 2017 $ 31,788 2018 $ 65,164 2019 $ 45,622 2020 $ 40,324 2021 $ 32,963

Table 2. Information for Percentage of All Equities redemption plan Row Item Dollars A Allocated equity at beginning of 2021 $ 4,470,730 B Patronage allocation retained $ 2,682,438 C Equity available at end of 2021 (A+B) $ 7,153,168 D Equity required $ 6,300,000 E Equity redeemed (C-D) $ 853,168 F Percentage of beginning year equity (E/A) ??? % Ole Olsons beginning equity in 2021 $ 301,652

Table 3. Information for Revolving Fund redemption plan Fiscal Year Retained Equity for Ole Olson 2011 $ 18,094 2012 $ 17,146 2013 $ 36,894 2014 $ 46,495 2015 $ 59,276 2016 $ 70,507 2017 $ 38,146 2018 $ 78,196 2019 $ 54,746 2020 $ 48,389 2021 $ 39,555

Table 4. Information for Base Capital redemption plan Member Beginning Equity 10 Year Patronage Total Percentage of Cooperatives Business Adjusted Equity Obligation Over or Under Invested Cooperative Total $ 68,546,819 $ 3,349,184,168 100 % $ 65,000,000 $ 648,137 Ole Olson $ 2,740,249 $ 126,257,545 0.037698 ?? ??