Use the Scenarios to fill out the yellow and blue areas on the left. Then for each, answer the question that is listed in red under the scenario instructions.

Review the 3 scenarios, noting they are occurring at the start of calendar Year 1 and the one-year price targets are based on forecast earnings for Year. "NTM" is "next 12 months." Assume the market's multiple is 15x NTM earnings (not the stock's multiple)

Yellow highlighted part needs to be calculated from scenarios and blue part it's your own thoughts on the left.