What do you believe the implied value of Whole Foods shares to be, based on this base-case forecast? For your discount rate, please use a market risk premium of 5.0%.

Resource: Case 7- Whole Foods Market: The Deutsche Bank Report.

EXHIBIT 7.7 Deutsche Bank Model (in millions of USD, except per share figures) Data source: Company financial reports, Deutsche Bank research, and author estimates. EXHIBIT 7.7 Deutsche Bank Model (in millions of USD, except per share figures) Data source: Company financial reports, Deutsche Bank research, and author estimates