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regardless of SRP and CloneTech earnings. Then let's also assume that the 1.58% and 5.58% are the appropriate risk-adjusted discount rates. The EP values changed

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regardless of SRP and CloneTech earnings. Then let's also assume that the 1.58% and 5.58% are the appropriate risk-adjusted discount rates. The EP values changed significantly as shown below: Probability Adjusted (50%} Cash Flows Discounted at RiskAdjusted Rates (E millions) Discount Present 2 3 4 Rate Value Original bonus payments 21] 1.U 1.0 5.58% 3.64 Original EP value 3.64

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