Results for company name: FIN-NEWS

Decision Inputs for Quarter Number 7 Company Operating Decisions Units to be produced Div. per common share Demand/price forecast Investment Decisions Short-term investment Machine units bought Project A Financing Decisions Short-term loans Two-year loans Three-year loans Ten-year bonds Special Options Strike settlement (per hr.) $0.00 Quarterly Performance Report Quarter Number 7 Sales revenue ( 102,288 units at $101.65 ) Income from securities Cost of Goods Sold: Beginning Inventory: ( 0 at $0.00 ) Materials $1,653,750 $0 $0 $0 $0 -$3,700,000 0 yes 105,000 $0.05 $0

Direct Labor Total Direct Costs Warehousing Costs Depreciation: Mach. and Equip. Plant Other Overhead Costs Total Indirect Costs Production Costs ( 105,000 at $79.78 ) Goods Available for Sale ( $79.78 per unit ) Less: Ending Inventory ( 2,712 units ) Cost of Goods Sold Gross Profit Selling and administrative expenses Financial Expenses: Short Term Bank Interest Penalty Loan Interest Intermediate Term Loan Interest Bond Interest Bond Redemption Costs Total Financial Charges Operating Income Before Extraordinary Items Extraordinary Items Income Before Taxes Income Tax (rate is 20%)

3,884,400 $5,538,150 $4,136 845,687 1,777,750 211,317 2,838,889

$0 0 0 238,205 0

Income Tax (rate is 20%) Income After Taxes Preferred Stock Dividind Cost of Common Stock Tender Offer [FIXME:CHECK PLACEMENT] Earnings to Common Stockholders Common Stock Dividends ( $0.05 per share ) Net Income Transferred to Retained Earnings Position Statement Quarter Number 7 ASSETS Current Assets Cash Marketable Securities Accounts Receivable Inventory ( 2,712 units at $79.78 /UNIT ) Total Current Assets Fixed Assets (net of depreciation Machinery and Equipment Plant Total Fixed Assets Total Assets LIABILITIES AND OWNER EQUITY Current Liabilities Accounts Payable $574,947 $5,218,087 20,312,500 25,530,587 $37,816,850 $5,103,523 0 6,966,376 216,367 $12,286,263

Short Term Loans Payable Short Term Penalty Loan Intermediate Term Debt Maturing Bonds Maturing Total Current Liabilities Long Term Liabilities Intermediate Loans: 2 years 3 years Bonds Total Long Term Liabilities Total Liabilities Owners' Equity Preferred Stock ( 0 shares ) Common Stock ( 1,279,848 shares ) Retained Earnings Total Equity Total Liabilities and Equity

0 0 0 1,600,000 $2,174,947

$0 0 8,250,000 8,250,000 $10,424,946

$0 18,172,050 9,219,853 27,391,906 $37,816,850

Summary Data Quarter Number 7 HISTORICAL INFORMATION Common share price Quarterly EPS Price earnings ratio $53.39 Accumulated Wealth $0.23 Dividend Yield 59.07 Marketable Security Yield

Actual unit price Preferred stock price Return on investment Call premium: preferred Common tender or sell/sh Outstanding debt yields:

$101.65 Actual unit demand $45.84 Preferred dividend yield 4.05% Return on equity 8.00% Bond call premium $59.94 Unpaid preferred dividend/share

Short-term
1.82% INFORMATION FOR FUTURE QUARTERS:

2-year loan
3.11%

3-year loan
2.50%

8 Units forecast Price per unit forecast Units of plant capacity Units of machine capacity Other overhead Depreciation: Machinery Projects Plant Principal repayment on debt: Short-term 2-year 3-year Bonds Warehouse fees: 0 0 0 550,000 123,991 $107.89 100,000 105,000 211,317 621,500 224,187 1,424,000

9 99,362 $96.70 100,000 100,000 211,317 599,000 224,187 1,424,000

0 0 0 550,000

Warehouse fees: Units Cost/Unit Production costs per unit next quarter: Materials Units Labor cost Rates on funding in quarter 8 Short-term 2.07% Interest due next quarter: Short-term Intermediate Bonds Capital budgeting projects for next quarter: Life A B 2-yr 3-yr Cost $401,520 $627,432 $0 $0 $225,608 2-year loan 2.13% 3-year loan 2.21% $15.75 First 60,000 $41.45 Machinery Next 40,000 $31.45 First 2000 $1.00

ber 7

Per unit price Advertising cost Sales discount

$101.65 $0 0.00%

Risk of S-T investment Units of plant bought Project B

0 0 yes

Preferred shares Common shares Common tender price

0 -152 $53

Dollar penalty

$0

$10,397,575 0 $10,397,575

$0

8,377,040 $8,377,039 216,367 8,160,672 $2,236,902 $1,519,879

238,205

1,758,083 $478,818 0 $478,818 95,763

95,763 $383,055 0 93,848 93,848 $289,207 63,992 $225,215

$53.61 0.37% 0.93%

102,288 2.18% 4.22% 8.00% $0.00

Bonds
2.29%

Penalty loan
8.00%

10 98,358 $102.17 100,000 100,000 211,317 599,000 224,187 1,424,000

11 109,747 $103.55 75,000 100,000 211,317 599,000 224,187 1,110,250

0 0 0 250,000 0 0 250,000

Next 5000 $3.00

Over 7000 $8.00

$41.00 Next 20,000 $28.33

Plant Over 120,000 $39.00

$286.00

Bond 2.51%

Preferred 3.16%

Unit CapacityOverhead Saving Unit Labor sav., Qtr.8 100,000 120,000 $11,906 -$8,040 $0.50 $1.04

Change/Qtr. Labor Sav. $0.00 -$0.01

Decision Inputs for Quarter Number 7

Company Operating Decisions
Units to be produced Div. per common share Demand/price forecast 105,000 $0.05 $0 Per unit price Advertising cost Sales discount

Investment Decisions
Short-term investment Machine units bought Project A -$3,700,000 0 yes Risk of S-T investment Units of plant bought Project B

Financing Decisions
Short-term loans Two-year loans Three-year loans Ten-year bonds $0 $0 $0 $0 Preferred shares Common shares Common tender price

Special Options
Strike settlement (per hr.) $0.00 Dollar penalty

$101.65 $0 0%

0 0 yes

$ $ $53

(152)

$0

Quarterly Performance Report

Quarter Number 7
Sales revenue ( 102,288 units at $101.65 ) Income from securities Cost of Goods Sold: Beginning Inventory: ( 0 at $0.00 ) Materials $1,653,750 Direct Labor $ 3,884,400 Total Direct Costs Warehousing Costs $4,136 Depreciation: Mach. and Equip. $ 845,687 Plant $ 1,777,750 Other Overhead Costs $ 211,317 Total Indirect Costs Production Costs ( 105,000 at $79.78 ) Goods Available for Sale ( $79.78 per unit ) Less: Ending Inventory ( 2,712 units ) Cost of Goods Sold Gross Profit Selling and administrative expenses Operating Income Before Interest and Taxes (EBIT) Financial Expenses: Short Term Bank Interest Penalty Loan Interest Intermediate Term Loan Interest Bond Interest Bond Redemption Costs Total Financial Charges Operating Income Before Extraordinary Items Extraordinary Items Income Before Taxes Income Tax (rate is 20%) Income After Taxes Preferred Stock Dividind Cost of Common Stock Tender Offer [FIXME:CHECK PLACEMENT] Earnings to Common Stockholders Common Stock Dividends ( $0.05 per share ) $10,397,575 #VALUE! $0

#VALUE!

2,834,754 #VALUE! #VALUE! 216,367

$0 $ $ $ $

238,205 -

Net Income Transferred to Retained Earnings

Position Statement Quarter Number 7 ASSETS

Current Assets Cash Marketable Securities Accounts Receivable Inventory ( 2,712 units at $79.78 /UNIT ) Total Current Assets Fixed Assets (net of depreciation Machinery and Equipment Plant Total Fixed Assets Total Assets LIABILITIES AND OWNER EQUITY Current Liabilities Accounts Payable Short Term Loans Payable Short Term Penalty Loan Intermediate Term Debt Maturing Bonds Maturing Total Current Liabilities Long Term Liabilities Intermediate Loans: 2 years 3 years Bonds Total Long Term Liabilities Total Liabilities Owners' Equity Preferred Stock ( 0 shares ) Common Stock ( 1,279,848 shares ) Retained Earnings Total Equity

$ $5,103,523 $ $ 6,966,376 $ $ $5,218,087 #VALUE! #VALUE! 6,966,376

$ $574,947 $ $ $

$ -

$ $0 $

$ $ -

$ $0 $

18,172,050 $ $ 18,172,050 18,172,050

#VALUE!

8,160,672 #VALUE! $1,519,879 #VALUE!

238,205 #VALUE! $ #VALUE! #VALUE! #VALUE! $ #VALUE! $289,207 #VALUE!

0
Summary Data Quarter Number 7 HISTORICAL INFORMATION Common share price Quarterly EPS Price earnings ratio Actual unit price Preferred stock price Return on investment Call premium: preferred Common tender or sell/sh Outstanding debt yields: Short-term

$ $53.39 $0.23 $ 59.07 $101.65 $45.84 4.050% $ 0.08 0 2-year loan 0 3-year loan

0.01818
0 Units forecast Price per unit forecast Units of plant capacity Units of machine capacity Other overhead Depreciation: Machinery Projects Plant Principal repayment on debt: Short-term 2-year 3-year Bonds Warehouse fees: Units Cost/Unit Production costs per unit next quarter: Materials Units Labor cost Rates on funding in quarter 8 Short-term 0.02072 Interest due next quarter: Short-term 0 8 $ 123,991.00 $107.89 100,000 $ 105,000 $ 211,317 $ 621,500 $ 224,187 $ $ $ $ 0 9 $ 99,362.00 $96.70 100,000 $ 100,000 $ 211,317 $ 599,000 $ 224,187 $ $ $ $ 0 First 2000 $ 0 $15.75 Machinery First 60,000 Next 40,000 0 2-year loan $ $0 0 3-year loan

Intermediate Bonds 0 A

$0 0 Life Cost 2-yr $401,520 0

Direct Labor Cost Table Range of Production 0 to 60,000 60,000 to 100,000 100,000 to 120,000 120,000 and up Warehousing Cost Table Inventory Levels 0 to 2,000 2000 to 7,000 7,000 and up

y Data

Accumulated Wealth Dividend Yield Marketable Security Yield Actual unit demand Preferred dividend yield Return on equity Bond call premium 0 Bonds

0 $ $53.61

0.370% 0.00933 10228800.000% 2.180% 4.220% $0.08 0 Penalty loan

818
0 0 10 11 98,358.00 $ 109,747.00 $103.55 100,000 75,000 100,000 $ 100,000 211,317 $ 211,317 599,000 $ 599,000 224,187 $ 224,187 0 Next 5000 $ Next 20,000 0 Bond $41.00 Over 120,000 0 Preferred Over 7000 0 Plant Rs. 0.00 $ $ $ $ 0

$ $102.17 $ $ $ $ $ $ $ $

0 0 0 0 Unit Capacity Overhead Saving Unit Labor sav., Qtr.8 Change/Qtr. Labor Sav. 100,000 $11,906 $0.50 $0.00

Direct Labor Cost Table Marginal Cost/Unit First 60,000 Next 40,000 Next 20,000 Over 120,000 Warehousing Cost Table Marginal Cost/Unit First 2000 Next 5000 Over 7000

Direct Labor Cost #VALUE! #VALUE! #VALUE! #VALUE!

Warehouse Cost #VALUE! #VALUE! #VALUE!

Beg. Inv Production Est. Sales Ending Inv

Production Plan for next 4 Quarters 0 0 16,228 121,220 105,000 100,000 8 9 121,220 221,210 Over Prod Limit Over Prod Limit Production Capacities

0 221,210 90,000 10 311,200

0 311,200 90,000 11 401,189 Over Prod Limit

Over Prod Limit

Plant Existing 1st Addition 2nd Addition Total Machines Existing 1st Addition 2nd Addition 3rd Addition Total

$107.89

$96.70

$102.17 -

$103.55 -

100,000

100,000 -

100,000 20,000 120,000

100,000

100,000 Purchases

75,000 20,000 95,000

Plant Units Cost Machinery Units Cost Total Cost

$ $

$ $

$ $

$ $

Unit Sales Forecasts 4 Quarter 3 Quarter 2 Quarter 1 Quarter Exp. Sales 11 10 11

9 8 8

10 9 9

10

11

Unit Price Forecasts 4 Quarter 3 Quarter 2 Quarter 1 Quarter $ 98,358.00 $ 99,362.00 109,747.00 $ 98,358.00 109,747.00

$ $

$ 99,362.00 $ 123,991.00

Exp. Sales

116,602.30

99060.80 Issuing Stock

101774.70

109,747.00

Common Stock: Current Stock Price: # of Shares Outstanding: Current Common Stock Cash Value

1,200,000

$0

# of Shares Offered:

Per Share Reciepts $ Total Cash Inflow From Stock Issue: $ Total Shares Outstanding After Issue Decision: Total Cash Value of Stock After Issue Decision:

1,200,000

#VALUE!

Proforma Decisions for next quarter

Quarter Number
Assumptions for next quarter (Not part of the decision set) Next Quarter 0 Units Sold (assumed) 8 Price per unit (assumed) $ 100.00 Return of marketable securities 1.33%

Company Operating Decisions

Units to be produced Div. per common share Demand/price forecast $ 105,000 N/A Per unit price Advertising cost Sales discount

Investment Decisions
Short-term investment Machine units bought Project A $ 0 Risk of S-T investment Units of plant bought Project B

Financing Decisions
Short-term loans Two-year loans Three-year loans Ten-year bonds $ $ Preferred shares Common shares Common tender price

Special Options
Strike settlement (per hr.) N/A Dollar penalty

$100.00 N/A 0%

0 0

$ $ $

N/A

NPV Analysis
Proj A Proj B Proj A minus minus minus = minus = plus = Proj B minus minus minus = minus = plus = Quarter 0 1 2 3 4 5 6 7 8 9 10 11 12 NPV IRR Life of Proj Life 2-yr Quarter Sales Var Cost Fix Cost Depreciation Net Oper. Income Taxes Net Income Depreciation ATCF Quarter Sales Var Cost Fix Cost Depreciation Net Oper. Income Taxes Net Income Depreciation ATCF Project A #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Cost Cost $401,520 1 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 1 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! Project B #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 2 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 2 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 3 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 3 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 4 4

Project Recommendation Project A #VALUE! Prroject B #VALUE!

#VALUE! #VALUE!

nalysis

5 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 5 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

6 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

7 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

6 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

7 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

8 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

9 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

10

11 $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

12

Proforma Quarterly Performance Report

Quarter Number:
Sales revenue Income from securities Cost of Goods Sold: Beginning Inventory: (units @ $ per unit) Materials Direct Labor Total Direct Costs Warehousing Costs Depreciation: Mach. and Equip. Plant Other Overhead Costs Total Indirect Costs Production Costs (units @ $ per unit) Goods Available for Sale (units @ $ per unit) Less: Ending Inventory Cost of Goods Sold Gross Profit Selling and administrative expenses Earnings before intrest and taxes (EBIT) Financial Expenses: Short Term Bank Interest Penalty Loan Interest Intermediate Term Loan Interest Bond Interest Bond Redemption Costs Total Financial Charges Operating Income Before Extraordinary Items Extraordinary Items Income Before Taxes Income Tax Income After Taxes Preferred Stock Dividends Earnings to Common Stockholders Common Stock Dividends Net Income Transferred to Retained Earnings

0
8 $100.00 $ #VALUE! 16,228 $ #VALUE! #VALUE! 832,817 224,187 105,000 105,000 121,228 121,220 #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! 429.28 $ 6,966,376 830

#VALUE! $ $ $

#VALUE! 476,303 #VALUE! #VALUE! -

1,200,000 shares outstanding

Position Statement
Quarter Number:
ASSETS Current Assets

Cash Marketable Securities Accounts Receivable Inventory Total Current Assets Fixed Assets (net of depreciation) Machinery and Equipment Plant Total Fixed Assets Total Assets LIABILITIES AND OWNER EQUITY Current Liabilities Accounts Payable Short Term Loans Payable Short Term Penalty Loan Intermediate Term Debt Maturing Bonds Maturing Total Current Liabilities Long Term Liabilities Intermediate Loans: 2 years 3 years Bonds Total Long Term Liabilities Total Liabilities Owners' Equity Preferred Stock ( 0 shares ) Common Stock ( 1,000,000 shares ) Retained Earnings Total Equity Total Liabilities and Equity

#VALUE! #VALUE! $ #VALUE! #VALUE! $ (832,817) #VALUE! #VALUE! #VALUE! 556

#VALUE! $ $ $ $ 1,200,000 #VALUE! $ $ $ $ #VALUE! -

$ #VALUE! #VALUE!

#VALUE! #VALUE!

#VALUE!

#VALUE! #VALUE! 1,000,042 #VALUE!

penalty loan problem

#VALUE! #VALUE! $ #VALUE! #VALUE! #VALUE! $ #VALUE! $ #VALUE! -

cash problem

short term penalty loan problem debt schedule prob

6351455 $ 476,303 #VALUE!

Proforma Cash Budget

Quarter Number

Cash Inflows
Cash sales (33% of Sales) Accounts Receivable collected Income from Marketable Securities Extraordinary Gain Sales of Marketable Securities Issuance of: Short-Term Loans Penalty Loans Two-Year Loans Three-Year Loans Long-Term Debt Preferred Stock Common Stock Total Inflows Net Flow (total inflows total outflows) Beginning Cash Balance Ending Cash Balance $ $ #VALUE! $ $ $ $ $ $ $ TBA $ #VALUE! #VALUE! $ #VALUE! 274 -

ma Cash Budget Cash Outflows

Production Cash Flows Materials (90% cash) Direct Labor (90% cash) Warehousing Fees Other Overhead Charges (90% cash) Accounts Payable Payments Financial Expenses: Short-Term Loan Interest: Bank Shark Loan Inc. Intermediate-Term Loan Interest Bond Interest Bond Redemption Costs Selling and Administrative Expenses Machinery Purchased Capital Budgeting Projects Purchased Plant Additions Purchased Extraordinary Loss Income Tax Preferred Stock Dividends Common Stock Dividends Purchase of Marketable Securities Payments and Retirement of: Short-Term Loans Penalty Loans Two-Year Loans Three-Year Loans Debentures Preferred Stock Common Stock Total Outflows $ #VALUE! #VALUE! $ 94,500 $ -

arter Number

#VALUE! $ #VALUE! #VALUE! $ $ 1,000,042 $ TBA $ $ #VALUE! $ $ $ $ $ $ $ 300,000 $ TBA $ #VALUE!

Details of Debt at beginning of

Quarter Number
Next Quarterley Current Portion Maturity Date Repayment $ $ -

Principle Short-term Debt $ Total 2yr Debt $ Total 3yr Debt $ $ $ Total 10yr Debt $ $ Total New Debt Short-term 2yr 3yr 10yr Debt Retirement Short-term 2yr 3yr 10yr Repayment Totals Short-term 2yr 3yr 10yr 600,000 -

9 $ $

$ $

13 $ 4 $ 18 $ $

$ 300,000 $ $ 300,000 $

1,200,000 1,200,000

0 $ 42 $ 10 $

$ $ $ $

Change in Debt for Next Quarter

$ $ $ $ 3 7 11 39 $ $ $ $ $ $ $ $ -

$ $ $ $

$ $ $ $

$ $ $ $

Proforma Totals $ $ $ 1,500,000 $ -

$ $ $ $

300,000 -

$ $ $ $

1,200,000 -

Iterest on New Debt Debt offering premium Short-term 2yr 3yr 10yr

0.00% #VALUE! #VALUE! #VALUE! -

Long-term portion

$ $

$ $ $ $

$ $ $ $

$ $ $ $

$ $ $ $

$ $ $ $

Ratio Analysis
-Qtr 1 -Proforma Qtr 1 #VALUE! #VALUE!

Liquidity Ratios
Current Ratio Quick Ratio #DIV/0! #DIV/0!

Efficiency Ratios
Inventory Turnover Days Sales in Inventory Account Receivable Turnover Average Collection Period Fixed Asset Turnover Total Asset Turnover 4.69 Times 76.83 days #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Leverage Ratios
Total Debt Ratio Long-Term Debt Ratio LTD to Total Capitalization Debt to Equity LTD to Equity #VALUE! #VALUE! #VALUE! 0.00 Times #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Converage Ratios
Times Interest Earned Cash Coverage Ratio #VALUE! #VALUE! #VALUE! #VALUE!

Profitablility Ratios
Gross Profit Margin Operating Profit Margin Net Profit Margin Return on Total Assets Return on Equity Return on Common Equity #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Du Pont Analysis of ROE

Net Profit Margin x Total Asset Turnover x Equity Multiplier ROE #VALUE! #VALUE! 1.00 Times #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Altman Z score
NWC/Total Assets Retained Earnings/ Total Assets EBIT/Total Assets Factors #VALUE! #VALUE! #VALUE! Weights 1.2 1.4 3.3

Market Value Equity/BV Debt Sales/ Total Assets Z-Score

#DIV/0! #VALUE! #VALUE!

0.6 1

Weighted Average Cost of Capital

Sources
Short Term Debt 2yr Debt 3yr Debt 10yr Debt Preferred Common TOTAL

Value
$ $ $ $ $ 1,500,000 #VALUE! #VALUE!

Weight
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE! #VALUE!

Before Tax
Short-term 2-year loan 3-year loan Bond Preferred #VALUE!

After Tax
#VALUE! #VALUE! #VALUE! #VALUE! Preferred #VALUE!

WACC
#VALUE! #VALUE! #VALUE! #VALUE! #VALUE! risk prem #VALUE! #VALUE!

WACC= #VALUE!

#VALUE!

100 101.65 98.68 107.59 105.6 100.66 101.65 109.57 125

97383 102285 93506 119774 113654 99173 102288 125362 68320 -0.00027

price quantity 100.28 125000

140 120 100 80 60 40 20 0 0 20000 40000 60000

0.013673

-0.04348

y = -0.0002x + 125.28

Series2 Linear (Series2)

60000

80000

100000

120000

140000