Post Merger Information (In Millions): 2008 2009 2010 2011 2012 Free Cash Flows: Interest Expense: Target Data: TRF RPM Beta 11.40 10.6015.50 20.10 25.80 5.006.00 7.008.009.00 35% 10% 6% 7% 0.9 12.30% 11.50% rd Tax Rate Growth Rate 35% 6% rsu Calculate Unlevered Horizon Value: $303155 million $409.52 million $459 52 million 5573.9million