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This file was processed as: Microsoft Compound Document
(archive/msCompound).
Confidence | Program | Detection | Match Type | Support
|
---|
40%
| dexvert
| Microsoft Compound Document (archive/msCompound)
| magic
| Supported |
1%
| dexvert
| Biew Xlat Table (other/biewXlatTable)
| ext
| Unsupported |
1%
| dexvert
| Lotus Translation Table (other/lotusTranslationTable)
| ext
| Unsupported |
100%
| file
| Composite Document File V2 Document, Little Endian, Os: MacOS, Version 10.3, Code page: 10000, Author: Aswath Damodaran, Last Saved By: Aswath Damodaran, Create Time/Date: Thu Jul 2 06:00:22 1998, Security: 0
| default
| |
99%
| file
| OLE 2 Compound Document, v3.62, SecID 0x1, Mini FAT start sector 0x2b : Microsoft Excel 5-95 worksheet, addin or template
| default
| |
98%
| file
| data
| default
| |
80%
| TrID
| Microsoft Excel sheet
| default
| |
19%
| TrID
| Generic OLE2 / Multistream Compound
| default
| |
100%
| lsar
| CFBF
| default
| |
100%
| gt2
| POIFS Dokument (Winword, Excel, Starwriter, ...)
| default (weak)
| |
100%
| detectItEasy
| Format: CFBF(3.62)
| default (weak)
| |
100%
| detectItEasy
| Format: Microsoft Office(97-2003)
| default (weak)
| |
100%
| xdgMime
| application/x-ole-storage
| default (weak)
|
|
hex view+--------+-------------------------+-------------------------+--------+--------+
|00000000| d0 cf 11 e0 a1 b1 1a e1 | 00 00 00 00 00 00 00 00 |........|........|
|00000010| 00 00 00 00 00 00 00 00 | 3e 00 03 00 fe ff 09 00 |........|>.......|
|00000020| 06 00 00 00 00 00 00 00 | 00 00 00 00 01 00 00 00 |........|........|
|00000030| 01 00 00 00 00 00 00 00 | 00 10 00 00 2b 00 00 00 |........|....+...|
|00000040| 01 00 00 00 fe ff ff ff | 00 00 00 00 00 00 00 00 |........|........|
|00000050| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000060| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000070| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000080| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000090| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000c0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000000f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000100| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000110| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000120| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000130| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000140| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000150| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000160| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000170| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000180| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000190| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001c0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000001f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000200| fd ff ff ff 30 00 00 00 | 03 00 00 00 04 00 00 00 |....0...|........|
|00000210| 05 00 00 00 06 00 00 00 | 07 00 00 00 08 00 00 00 |........|........|
|00000220| 09 00 00 00 0a 00 00 00 | 0b 00 00 00 0c 00 00 00 |........|........|
|00000230| 0d 00 00 00 0e 00 00 00 | 0f 00 00 00 10 00 00 00 |........|........|
|00000240| 11 00 00 00 12 00 00 00 | 13 00 00 00 14 00 00 00 |........|........|
|00000250| 15 00 00 00 16 00 00 00 | 17 00 00 00 18 00 00 00 |........|........|
|00000260| 19 00 00 00 1a 00 00 00 | 1b 00 00 00 1c 00 00 00 |........|........|
|00000270| 1d 00 00 00 1e 00 00 00 | 1f 00 00 00 20 00 00 00 |........|.... ...|
|00000280| 21 00 00 00 22 00 00 00 | 23 00 00 00 24 00 00 00 |!..."...|#...$...|
|00000290| 25 00 00 00 26 00 00 00 | 27 00 00 00 28 00 00 00 |%...&...|'...(...|
|000002a0| 29 00 00 00 2a 00 00 00 | fe ff ff ff fe ff ff ff |)...*...|........|
|000002b0| 2d 00 00 00 2e 00 00 00 | 2f 00 00 00 31 00 00 00 |-.......|/...1...|
|000002c0| fe ff ff ff fe ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000300| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000310| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000320| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000330| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000340| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000350| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000360| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000370| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000380| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000390| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003c0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000003f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000400| 00 52 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |.R......|........|
|00000410| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000420| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000430| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000440| 02 00 05 00 ff ff ff ff | ff ff ff ff 02 00 00 00 |........|........|
|00000450| 10 08 02 00 00 00 00 00 | c0 00 00 00 00 00 00 46 |........|.......F|
|00000460| 00 00 00 00 00 00 00 00 | 00 00 00 00 e0 84 59 0b |........|......Y.|
|00000470| e3 ec be 01 2c 00 00 00 | 40 08 00 00 00 00 00 00 |....,...|@.......|
|00000480| 42 00 6f 00 6f 00 6b 00 | 00 00 00 00 00 00 00 00 |B.o.o.k.|........|
|00000490| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004c0| 0a 00 02 01 ff ff ff ff | 04 00 00 00 ff ff ff ff |........|........|
|000004d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000004f0| 00 00 00 00 02 00 00 00 | 24 50 00 00 00 00 00 00 |........|$P......|
|00000500| 05 00 53 00 75 00 6d 00 | 6d 00 61 00 72 00 79 00 |..S.u.m.|m.a.r.y.|
|00000510| 49 00 6e 00 66 00 6f 00 | 72 00 6d 00 61 00 74 00 |I.n.f.o.|r.m.a.t.|
|00000520| 69 00 6f 00 6e 00 00 00 | 00 00 00 00 00 00 00 00 |i.o.n...|........|
|00000530| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000540| 28 00 02 01 01 00 00 00 | 03 00 00 00 ff ff ff ff |(.......|........|
|00000550| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000560| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00000570| 00 00 00 00 00 00 00 00 | e8 06 00 00 00 00 00 00 |........|........|
|00000580| 05 00 44 00 6f 00 63 00 | 75 00 6d 00 65 00 6e 00 |..D.o.c.|u.m.e.n.|
|00000590| 74 00 53 00 75 00 6d 00 | 6d 00 61 00 72 00 79 00 |t.S.u.m.|m.a.r.y.|
|000005a0| 49 00 6e 00 66 00 6f 00 | 72 00 6d 00 61 00 74 00 |I.n.f.o.|r.m.a.t.|
|000005b0| 69 00 6f 00 6e 00 00 00 | 00 00 00 00 00 00 00 00 |i.o.n...|........|
|000005c0| 38 00 02 01 ff ff ff ff | ff ff ff ff ff ff ff ff |8.......|........|
|000005d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000005e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000005f0| 00 00 00 00 1c 00 00 00 | b8 00 00 00 00 00 00 00 |........|........|
|00000600| 09 08 08 00 00 05 05 00 | ee 17 cc 07 e1 00 00 00 |........|........|
|00000610| c1 00 02 00 00 00 bf 00 | 00 00 c0 00 00 00 e2 00 |........|........|
|00000620| 00 00 5c 00 70 00 0a 4d | 41 54 54 20 45 56 41 4e |..\.p..M|ATT EVAN|
|00000630| 53 6f 64 61 72 61 6e 20 | 20 20 20 20 20 20 20 20 |Sodaran | |
|00000640| 20 20 20 20 20 20 20 20 | 20 20 20 20 20 20 20 20 | | |
|00000650| 20 20 20 20 20 20 20 20 | 20 20 20 20 20 20 20 20 | | |
|00000660| 20 20 20 20 20 20 20 20 | 20 20 20 20 20 20 20 20 | | |
|00000670| 20 20 20 20 20 20 20 20 | 20 20 20 20 20 20 20 20 | | |
|00000680| 20 20 20 20 20 20 20 20 | 20 20 20 20 20 20 20 20 | | |
|00000690| 20 20 20 20 20 20 42 00 | 02 00 10 27 9c 00 02 00 | B.|...'....|
|000006a0| 0e 00 19 00 02 00 00 00 | 12 00 02 00 00 00 13 00 |........|........|
|000006b0| 02 00 00 00 3d 00 12 00 | ec ff ec ff c4 31 68 1f |....=...|.....1h.|
|000006c0| 38 00 00 00 00 00 01 00 | 58 02 40 00 02 00 00 00 |8.......|X.@.....|
|000006d0| 8d 00 02 00 00 00 22 00 | 02 00 01 00 0e 00 02 00 |......".|........|
|000006e0| 01 00 b7 01 02 00 00 00 | da 00 02 00 00 00 31 00 |........|......1.|
|000006f0| 15 00 c8 00 00 00 ff 7f | 90 01 00 00 00 00 00 00 |........|........|
|00000700| 06 47 65 6e 65 76 61 31 | 00 15 00 c8 00 01 00 ff |.Geneva1|........|
|00000710| 7f bc 02 00 00 00 00 00 | 00 06 47 65 6e 65 76 61 |........|..Geneva|
|00000720| 31 00 15 00 c8 00 02 00 | ff 7f 90 01 00 00 00 00 |1.......|........|
|00000730| 00 00 06 47 65 6e 65 76 | 61 31 00 15 00 c8 00 03 |...Genev|a1......|
|00000740| 00 ff 7f bc 02 00 00 00 | 00 00 00 06 47 65 6e 65 |........|....Gene|
|00000750| 76 61 31 00 15 00 c8 00 | 00 00 ff 7f 90 01 00 00 |va1.....|........|
|00000760| 00 00 00 00 06 47 65 6e | 65 76 61 31 00 16 00 68 |.....Gen|eva1...h|
|00000770| 01 00 00 ff 7f 90 01 00 | 00 00 00 00 00 07 54 6d |........|......Tm|
|00000780| 73 20 52 6d 6e 31 00 16 | 00 18 01 00 00 ff 7f 90 |s Rmn1..|........|
|00000790| 01 00 00 00 00 00 00 07 | 54 6d 73 20 52 6d 6e 31 |........|Tms Rmn1|
|000007a0| 00 16 00 c8 00 00 00 ff | 7f 90 01 00 00 00 00 00 |........|........|
|000007b0| 00 07 54 6d 73 20 52 6d | 6e 31 00 16 00 c8 00 01 |..Tms Rm|n1......|
|000007c0| 00 ff 7f bc 02 00 00 00 | 00 00 00 07 54 6d 73 20 |........|....Tms |
|000007d0| 52 6d 6e 31 00 16 00 c8 | 00 02 00 ff 7f 90 01 00 |Rmn1....|........|
|000007e0| 00 00 00 00 00 07 54 6d | 73 20 52 6d 6e 31 00 16 |......Tm|s Rmn1..|
|000007f0| 00 c8 00 03 00 ff 7f bc | 02 00 00 00 00 00 00 07 |........|........|
|00000800| 54 6d 73 20 52 6d 6e 1e | 04 1a 00 05 00 17 22 24 |Tms Rmn.|......"$|
|00000810| 22 23 2c 23 23 30 5f 29 | 3b 5c 28 22 24 22 23 2c |"#,##0_)|;\("$"#,|
|00000820| 23 23 30 5c 29 1e 04 1f | 00 06 00 1c 22 24 22 23 |##0\)...|...."$"#|
|00000830| 2c 23 23 30 5f 29 3b 5b | 52 65 64 5d 5c 28 22 24 |,##0_);[|Red]\("$|
|00000840| 22 23 2c 23 23 30 5c 29 | 1e 04 20 00 07 00 1d 22 |"#,##0\)|.. ...."|
|00000850| 24 22 23 2c 23 23 30 2e | 30 30 5f 29 3b 5c 28 22 |$"#,##0.|00_);\("|
|00000860| 24 22 23 2c 23 23 30 2e | 30 30 5c 29 1e 04 25 00 |$"#,##0.|00\)..%.|
|00000870| 08 00 22 22 24 22 23 2c | 23 23 30 2e 30 30 5f 29 |..""$"#,|##0.00_)|
|00000880| 3b 5b 52 65 64 5d 5c 28 | 22 24 22 23 2c 23 23 30 |;[Red]\(|"$"#,##0|
|00000890| 2e 30 30 5c 29 1e 04 35 | 00 2a 00 32 5f 28 22 24 |.00\)..5|.*.2_("$|
|000008a0| 22 2a 20 23 2c 23 23 30 | 5f 29 3b 5f 28 22 24 22 |"* #,##0|_);_("$"|
|000008b0| 2a 20 5c 28 23 2c 23 23 | 30 5c 29 3b 5f 28 22 24 |* \(#,##|0\);_("$|
|000008c0| 22 2a 20 22 2d 22 5f 29 | 3b 5f 28 40 5f 29 1e 04 |"* "-"_)|;_(@_)..|
|000008d0| 2c 00 29 00 29 5f 28 2a | 20 23 2c 23 23 30 5f 29 |,.).)_(*| #,##0_)|
|000008e0| 3b 5f 28 2a 20 5c 28 23 | 2c 23 23 30 5c 29 3b 5f |;_(* \(#|,##0\);_|
|000008f0| 28 2a 20 22 2d 22 5f 29 | 3b 5f 28 40 5f 29 1e 04 |(* "-"_)|;_(@_)..|
|00000900| 3d 00 2c 00 3a 5f 28 22 | 24 22 2a 20 23 2c 23 23 |=.,.:_("|$"* #,##|
|00000910| 30 2e 30 30 5f 29 3b 5f | 28 22 24 22 2a 20 5c 28 |0.00_);_|("$"* \(|
|00000920| 23 2c 23 23 30 2e 30 30 | 5c 29 3b 5f 28 22 24 22 |#,##0.00|\);_("$"|
|00000930| 2a 20 22 2d 22 3f 3f 5f | 29 3b 5f 28 40 5f 29 1e |* "-"??_|);_(@_).|
|00000940| 04 34 00 2b 00 31 5f 28 | 2a 20 23 2c 23 23 30 2e |.4.+.1_(|* #,##0.|
|00000950| 30 30 5f 29 3b 5f 28 2a | 20 5c 28 23 2c 23 23 30 |00_);_(*| \(#,##0|
|00000960| 2e 30 30 5c 29 3b 5f 28 | 2a 20 22 2d 22 3f 3f 5f |.00\);_(|* "-"??_|
|00000970| 29 3b 5f 28 40 5f 29 e0 | 00 10 00 00 00 00 00 f5 |);_(@_).|........|
|00000980| ff 20 00 c0 20 00 00 00 | 00 00 00 e0 00 10 00 01 |. .. ...|........|
|00000990| 00 00 00 f5 ff 20 f4 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|000009a0| 00 10 00 01 00 00 00 f5 | ff 20 f4 c0 20 00 00 00 |........|. .. ...|
|000009b0| 00 00 00 e0 00 10 00 02 | 00 00 00 f5 ff 20 f4 c0 |........|..... ..|
|000009c0| 20 00 00 00 00 00 00 e0 | 00 10 00 02 00 00 00 f5 | .......|........|
|000009d0| ff 20 f4 c0 20 00 00 00 | 00 00 00 e0 00 10 00 00 |. .. ...|........|
|000009e0| 00 00 00 f5 ff 20 f4 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|000009f0| 00 10 00 00 00 00 00 f5 | ff 20 f4 c0 20 00 00 00 |........|. .. ...|
|00000a00| 00 00 00 e0 00 10 00 00 | 00 00 00 f5 ff 20 f4 c0 |........|..... ..|
|00000a10| 20 00 00 00 00 00 00 e0 | 00 10 00 00 00 00 00 f5 | .......|........|
|00000a20| ff 20 f4 c0 20 00 00 00 | 00 00 00 e0 00 10 00 00 |. .. ...|........|
|00000a30| 00 00 00 f5 ff 20 f4 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|00000a40| 00 10 00 00 00 00 00 f5 | ff 20 f4 c0 20 00 00 00 |........|. .. ...|
|00000a50| 00 00 00 e0 00 10 00 00 | 00 00 00 f5 ff 20 f4 c0 |........|..... ..|
|00000a60| 20 00 00 00 00 00 00 e0 | 00 10 00 00 00 00 00 f5 | .......|........|
|00000a70| ff 20 f4 c0 20 00 00 00 | 00 00 00 e0 00 10 00 00 |. .. ...|........|
|00000a80| 00 00 00 f5 ff 20 f4 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|00000a90| 00 10 00 00 00 00 00 f5 | ff 20 f4 c0 20 00 00 00 |........|. .. ...|
|00000aa0| 00 00 00 e0 00 10 00 00 | 00 00 00 01 00 20 00 c0 |........|..... ..|
|00000ab0| 20 00 00 00 00 00 00 e0 | 00 10 00 05 00 04 00 f5 | .......|........|
|00000ac0| ff 20 f8 c0 20 00 00 00 | 00 00 00 e0 00 10 00 05 |. .. ...|........|
|00000ad0| 00 08 00 f5 ff 20 f8 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|00000ae0| 00 10 00 05 00 09 00 f5 | ff 20 f8 c0 20 00 00 00 |........|. .. ...|
|00000af0| 00 00 00 e0 00 10 00 06 | 00 00 00 01 00 26 18 c0 |........|.....&..|
|00000b00| 20 00 00 00 00 00 00 e0 | 00 10 00 00 00 00 00 01 | .......|........|
|00000b10| 00 26 10 c0 20 00 00 00 | 00 00 00 e0 00 10 00 07 |.&.. ...|........|
|00000b20| 00 00 00 01 00 26 18 c0 | 20 00 00 00 00 00 00 e0 |.....&..| .......|
|00000b30| 00 10 00 00 00 00 00 01 | 00 26 30 c0 20 00 00 12 |........|.&0. ...|
|00000b40| 80 40 00 e0 00 10 00 00 | 00 00 00 01 00 26 30 c0 |.@......|.....&0.|
|00000b50| 20 00 00 02 80 00 00 e0 | 00 10 00 00 00 00 00 01 | .......|........|
|00000b60| 00 26 30 c0 20 00 00 82 | 80 00 20 e0 00 10 00 00 |.&0. ...|.. .....|
|00000b70| 00 00 00 01 00 26 30 c0 | 20 80 80 10 00 40 00 e0 |.....&0.| ....@..|
|00000b80| 00 10 00 00 00 00 00 01 | 00 26 30 c0 20 80 80 00 |........|.&0. ...|
|00000b90| 00 00 00 e0 00 10 00 00 | 00 00 00 01 00 26 30 c0 |........|.....&0.|
|00000ba0| 20 80 80 80 00 00 20 e0 | 00 10 00 08 00 00 00 01 | ..... .|........|
|00000bb0| 00 20 08 c0 20 00 00 00 | 00 00 00 e0 00 10 00 08 |. .. ...|........|
|00000bc0| 00 00 00 01 00 26 18 c0 | 20 00 00 00 00 00 00 e0 |.....&..| .......|
|00000bd0| 00 10 00 09 00 00 00 01 | 00 20 08 c0 20 00 00 00 |........|. .. ...|
|00000be0| 00 00 00 e0 00 10 00 08 | 00 09 00 01 00 22 3c c0 |........|....."<.|
|00000bf0| 20 40 80 49 80 40 20 e0 | 00 10 00 0a 00 00 00 01 | @.I.@ .|........|
|00000c00| 00 20 08 c0 20 00 00 00 | 00 00 00 e0 00 10 00 08 |. .. ...|........|
|00000c10| 00 00 00 01 00 22 18 c0 | 20 00 00 00 00 00 00 e0 |....."..| .......|
|00000c20| 00 10 00 08 00 08 00 11 | 01 22 18 c0 20 00 00 00 |........|.".. ...|
|00000c30| 00 00 00 e0 00 10 00 08 | 00 08 00 01 00 22 1c c0 |........|....."..|
|00000c40| 20 00 00 00 00 00 00 e0 | 00 10 00 09 00 00 00 01 | .......|........|
|00000c50| 00 26 18 c0 20 00 00 00 | 00 00 00 e0 00 10 00 08 |.&.. ...|........|
|00000c60| 00 08 00 11 01 22 38 c0 | 20 40 80 49 80 40 20 e0 |....."8.| @.I.@ .|
|00000c70| 00 10 00 08 00 01 00 01 | 00 22 3c c0 20 40 80 49 |........|."<. @.I|
|00000c80| 80 40 20 e0 00 10 00 08 | 00 00 00 01 00 22 b8 c0 |.@ .....|....."..|
|00000c90| 20 40 80 49 80 40 20 e0 | 00 10 00 08 00 0a 00 01 | @.I.@ .|........|
|00000ca0| 00 22 3c c0 20 40 80 49 | 80 40 20 e0 00 10 00 08 |."<. @.I|.@ .....|
|00000cb0| 00 00 00 01 00 22 3c c0 | 20 40 80 49 80 40 20 e0 |....."<.| @.I.@ .|
|00000cc0| 00 10 00 08 00 0a 00 01 | 00 22 1c c0 20 00 00 00 |........|.".. ...|
|00000cd0| 00 00 00 e0 00 10 00 08 | 00 00 00 01 00 22 38 c0 |........|....."8.|
|00000ce0| 20 40 80 49 80 40 20 e0 | 00 10 00 08 00 0a 00 21 | @.I.@ .|.......!|
|00000cf0| 01 22 3c c0 20 40 80 49 | 80 40 20 e0 00 10 00 08 |."<. @.I|.@ .....|
|00000d00| 00 08 00 01 00 22 3c c0 | 20 40 80 49 80 40 20 e0 |....."<.| @.I.@ .|
|00000d10| 00 10 00 08 00 00 00 01 | 00 22 38 c0 20 00 00 00 |........|."8. ...|
|00000d20| 00 00 00 e0 00 10 00 09 | 00 00 00 01 00 22 18 c0 |........|....."..|
|00000d30| 20 00 00 00 00 00 00 e0 | 00 10 00 08 00 00 00 01 | .......|........|
|00000d40| 00 22 38 c0 20 40 80 48 | 00 40 20 e0 00 10 00 0b |."8. @.H|.@ .....|
|00000d50| 00 00 00 01 00 26 18 c0 | 20 00 00 00 00 00 00 e0 |.....&..| .......|
|00000d60| 00 10 00 08 00 08 00 11 | 01 22 38 c0 20 40 80 48 |........|."8. @.H|
|00000d70| 00 40 20 e0 00 10 00 0a | 00 00 00 01 00 22 18 c0 |.@ .....|....."..|
|00000d80| 20 00 00 00 00 00 00 e0 | 00 10 00 0a 00 0a 00 01 | .......|........|
|00000d90| 00 22 3c c0 20 40 80 49 | 80 40 20 e0 00 10 00 0a |."<. @.I|.@ .....|
|00000da0| 00 0a 00 01 00 22 1c c0 | 20 00 00 00 00 00 00 e0 |....."..| .......|
|00000db0| 00 10 00 08 00 0a 00 01 | 00 22 3c c0 20 40 80 48 |........|."<. @.H|
|00000dc0| 00 40 20 e0 00 10 00 08 | 00 0a 00 01 00 22 3c c0 |.@ .....|....."<.|
|00000dd0| 20 00 00 00 00 00 00 e0 | 00 10 00 08 00 00 00 01 | .......|........|
|00000de0| 00 22 1c c0 20 00 00 00 | 00 00 00 e0 00 10 00 08 |.".. ...|........|
|00000df0| 00 00 00 01 00 21 18 c0 | 20 00 00 00 00 00 00 e0 |.....!..| .......|
|00000e00| 00 10 00 09 00 08 00 11 | 01 22 18 c0 20 00 00 00 |........|.".. ...|
|00000e10| 00 00 00 e0 00 10 00 09 | 00 08 00 11 01 22 38 c0 |........|....."8.|
|00000e20| 20 40 80 49 80 40 20 93 | 02 04 00 10 80 03 ff 93 | @.I.@ .|........|
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|00001690| 68 69 67 68 20 67 72 6f | 77 74 68 20 70 65 72 69 |high gro|wth peri|
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|000016d0| 20 61 6e 64 20 57 6f 72 | 6b 69 6e 67 20 43 61 70 | and Wor|king Cap|
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|00001790| 04 02 1b 00 13 00 01 00 | 24 00 13 00 49 6e 70 75 |........|$...Inpu|
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|00001850| 00 15 00 04 00 21 00 0d | 00 28 69 6e 20 63 75 72 |.....!..|.(in cur|
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|00001880| 6c 20 53 70 65 6e 64 69 | 6e 67 2f 73 68 20 3d 7e |l Spendi|ng/sh =~|
|00001890| 02 0a 00 16 00 03 00 25 | 00 01 20 77 40 04 02 15 |.......%|.. w@...|
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|00001940| 04 00 21 00 04 02 20 00 | 19 00 01 00 1c 00 18 00 |..!... .|........|
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|00001970| 25 00 00 00 00 00 00 00 | 20 40 00 00 34 00 02 ff |%.......| @..4...|
|00001980| 0e 00 1f 9a 99 99 99 99 | 99 d9 3f 44 18 c0 03 05 |........|..?D....|
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|000019e0| 02 06 00 1a 00 04 00 21 | 00 01 02 06 00 1b 00 04 |.......!|........|
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|00001a30| 1c 00 04 00 26 00 00 00 | 14 40 04 02 12 00 1c 00 |....&...|.@......|
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|00001c50| 01 00 07 00 90 01 00 00 | b0 3d c0 01 1c 80 08 02 |........|.=......|
|00001c60| 10 00 2e 00 01 00 07 00 | 90 01 00 00 c0 3d c0 01 |........|.....=..|
|00001c70| 1c 00 08 02 10 00 2f 00 | 01 00 07 00 90 01 00 00 |....../.|........|
|00001c80| c0 3d c0 01 1c 40 08 02 | 10 00 30 00 01 00 07 00 |.=...@..|..0.....|
|00001c90| 90 01 00 00 cf 01 c0 01 | 1c 00 08 02 10 00 31 00 |........|......1.|
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|00001d30| 90 01 00 00 50 3e c0 01 | 1c 80 08 02 10 00 39 00 |....P>..|......9.|
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|00001d50| 10 00 3a 00 01 00 07 00 | 90 01 00 00 00 00 c0 01 |..:.....|........|
|00001d60| 1c 00 08 02 10 00 3b 00 | 01 00 07 00 90 01 00 00 |......;.|........|
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|00001db0| 1c 80 08 02 10 00 3f 00 | 01 00 07 00 90 01 00 00 |......?.|........|
|00001dc0| 98 45 c0 01 1c 00 04 02 | 35 00 20 00 01 00 20 00 |.E......|5. ... .|
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|00001e00| 02 06 00 20 00 05 00 21 | 00 04 02 1b 00 21 00 01 |... ...!|.....!..|
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|00002320| ff 1f 00 44 2e c0 03 44 | 2f c0 03 1e 01 00 44 32 |...D...D|/.....D2|
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|00002350| 45 20 3d 06 00 1f 00 34 | 00 04 00 28 00 f0 04 2b |E =....4|...(...+|
|00002360| 09 99 35 bc 3f 00 00 35 | 00 02 ff 09 00 44 30 c0 |..5.?..5|.....D0.|
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|000023b0| 00 00 00 00 00 ee 3f 00 | 00 35 00 04 ff 0d 00 1e |......?.|.5......|
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|000023d0| 35 00 03 00 1c 00 0e 00 | 49 6e 74 65 72 65 73 74 |5.......|Interest|
|000023e0| 20 52 61 74 65 3d 06 00 | 1f 00 35 00 04 00 28 00 | Rate=..|..5...(.|
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|00002400| 44 2f c0 03 44 30 c0 03 | 06 04 02 14 00 35 00 05 |D/..D0..|.....5..|
|00002410| 00 21 00 0c 00 28 69 6e | 20 70 65 72 63 65 6e 74 |.!...(in| percent|
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|00002480| 04 02 13 00 36 00 06 00 | 21 00 0b 00 28 59 65 73 |....6...|!...(Yes|
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|000025a0| 04 02 16 00 39 00 03 00 | 1c 00 0e 00 49 6e 74 65 |....9...|....Inte|
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|000025c0| 04 00 28 00 60 e5 d0 22 | db f9 b6 3f 00 00 3e 00 |..(.`.."|...?..>.|
|000025d0| 04 ff 04 00 44 35 c0 04 | 04 02 14 00 39 00 05 00 |....D5..|....9...|
|000025e0| 21 00 0c 00 28 69 6e 20 | 70 65 72 63 65 6e 74 29 |!...(in |percent)|
|000025f0| be 00 0a 00 3a 00 04 00 | 21 00 21 00 05 00 04 02 |....:...|!.!.....|
|00002600| 45 00 3b 00 01 00 20 00 | 3d 00 53 70 65 63 69 66 |E.;... .|=.Specif|
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|00002680| 04 00 28 00 01 00 24 40 | 04 02 14 00 3c 00 05 00 |..(...$@|....<...|
|00002690| 21 00 0c 00 28 69 6e 20 | 70 65 72 63 65 6e 74 29 |!...(in |percent)|
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|000026d0| 04 00 28 00 01 00 44 40 | 04 02 14 00 3d 00 05 00 |..(...D@|....=...|
|000026e0| 21 00 0c 00 28 69 6e 20 | 70 65 72 63 65 6e 74 29 |!...(in |percent)|
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|00002940| 00 ac 4a c0 01 1c 00 08 | 02 10 00 55 00 00 00 09 |..J.....|...U....|
|00002950| 00 90 01 00 00 04 00 c0 | 01 1c 00 08 02 10 00 56 |........|.......V|
|00002960| 00 00 00 09 00 90 01 00 | 00 98 c2 c0 01 1c 00 08 |........|........|
|00002970| 02 10 00 57 00 00 00 09 | 00 90 01 00 00 60 3e c0 |...W....|.....`>.|
|00002980| 01 1c 40 08 02 10 00 58 | 00 00 00 09 00 90 01 00 |..@....X|........|
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|000029b0| 00 00 00 09 00 90 01 00 | 00 00 00 c0 01 1c 00 08 |........|........|
|000029c0| 02 10 00 5b 00 00 00 09 | 00 90 01 00 00 a0 3e c0 |...[....|......>.|
|000029d0| 01 1c 00 08 02 10 00 5c | 00 00 00 09 00 90 01 00 |.......\|........|
|000029e0| 00 a0 3e c0 01 1c 40 08 | 02 10 00 5d 00 00 00 09 |..>...@.|...]....|
|000029f0| 00 90 01 00 00 a0 3e c0 | 01 1c 40 08 02 10 00 5e |......>.|..@....^|
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|00002a10| 02 10 00 5f 00 00 00 09 | 00 90 01 00 00 98 45 c0 |..._....|......E.|
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|00002a30| 6e 74 65 72 20 67 72 6f | 77 74 68 20 72 61 74 65 |nter gro|wth rate|
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|00002a60| 00 28 00 01 00 18 40 04 | 02 14 00 40 00 05 00 21 |.(....@.|...@...!|
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|00002a80| 00 0a 00 41 00 04 00 2a | 00 21 00 05 00 04 02 0c |...A...*|.!......|
|00002a90| 00 42 00 01 00 1e 00 04 | 00 42 65 74 61 be 00 0a |.B......|.Beta...|
|00002aa0| 00 42 00 04 00 2e 00 21 | 00 05 00 04 02 35 00 43 |.B.....!|.....5.C|
|00002ab0| 00 01 00 1c 00 2d 00 57 | 69 6c 6c 20 74 68 65 20 |.....-.W|ill the |
|00002ac0| 62 65 74 61 20 74 6f 20 | 63 68 61 6e 67 65 20 69 |beta to |change i|
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|00002ae0| 69 6f 64 3f 04 02 0b 00 | 43 00 04 00 2b 00 03 00 |iod?....|C...+...|
|00002af0| 59 65 73 04 02 13 00 43 | 00 05 00 21 00 0b 00 28 |Yes....C|...!...(|
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|00002b10| 01 00 1c 00 2a 00 49 66 | 20 79 65 73 2c 20 65 6e |....*.If| yes, en|
|00002b20| 74 65 72 20 74 68 65 20 | 62 65 74 61 20 66 6f 72 |ter the |beta for|
|00002b30| 20 73 74 61 62 6c 65 20 | 70 65 72 69 6f 64 20 3d | stable |period =|
|00002b40| 7e 02 0a 00 44 00 04 00 | 2b 00 01 80 5b 40 01 02 |~...D...|+...[@..|
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|00002bc0| 6f 75 20 77 61 6e 74 20 | 61 6c 6c 20 74 68 65 73 |ou want |all thes|
|00002bd0| 65 20 69 74 65 6d 73 20 | 74 6f 20 67 72 6f 77 20 |e items |to grow |
|00002be0| 61 74 20 74 68 65 20 73 | 61 6d 65 20 72 61 74 65 |at the s|ame rate|
|00002bf0| 20 61 73 20 65 61 72 6e | 69 6e 67 73 20 3f 01 02 | as earn|ings ?..|
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|00002c20| 0b 00 28 59 65 73 20 6f | 72 20 4e 6f 29 04 02 47 |..(Yes o|r No)..G|
|00002c30| 00 48 00 01 00 1c 00 3f | 00 49 66 20 6e 6f 74 2c |.H.....?|.If not,|
|00002c40| 20 65 6e 74 65 72 20 74 | 68 65 20 67 72 6f 77 74 | enter t|he growt|
|00002c50| 68 20 72 61 74 65 73 20 | 66 6f 72 20 65 61 63 68 |h rates |for each|
|00002c60| 20 6f 66 20 74 68 65 20 | 66 6f 6c 6c 6f 77 69 6e | of the |followin|
|00002c70| 67 20 69 74 65 6d 73 3a | be 00 0a 00 48 00 04 00 |g items:|....H...|
|00002c80| 21 00 21 00 05 00 04 02 | 18 00 49 00 02 00 21 00 |!.!.....|..I...!.|
|00002c90| 10 00 43 61 70 69 74 61 | 6c 20 53 70 65 6e 64 69 |..Capita|l Spendi|
|00002ca0| 6e 67 04 02 14 00 49 00 | 03 00 21 00 0c 00 44 65 |ng....I.|..!...De|
|00002cb0| 70 72 65 63 69 61 74 69 | 6f 6e 04 02 10 00 49 00 |preciati|on....I.|
|00002cc0| 04 00 21 00 08 00 52 65 | 76 65 6e 75 65 73 01 02 |..!...Re|venues..|
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|00002db0| 6f 75 20 77 61 6e 74 20 | 74 6f 20 6b 65 65 70 20 |ou want |to keep |
|00002dc0| 74 68 65 20 63 75 72 72 | 65 6e 74 20 66 72 61 63 |the curr|ent frac|
|00002dd0| 74 69 6f 6e 20 6f 66 20 | 77 6f 72 6b 69 6e 67 20 |tion of |working |
|00002de0| 63 61 70 69 74 61 6c 20 | 74 6f 20 72 65 76 65 6e |capital |to reven|
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|00002e20| 20 4e 6f 29 04 02 39 00 | 4e 00 01 00 1c 00 31 00 | No)..9.|N.....1.|
|00002e30| 53 70 65 63 69 66 79 20 | 77 6f 72 6b 69 6e 67 20 |Specify |working |
|00002e40| 63 61 70 69 74 61 6c 20 | 61 73 20 61 20 70 65 72 |capital |as a per|
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|00002f10| 02 3c 00 51 00 01 00 20 | 00 34 00 49 66 20 6e 6f |.<.Q... |.4.If no|
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|00002f30| 6f 77 69 6e 67 20 69 6e | 70 75 74 73 20 66 6f 72 |owing in|puts for|
|00002f40| 20 66 69 6e 61 6e 63 69 | 6e 67 20 6d 69 78 2c be | financi|ng mix,.|
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|00002f70| 65 64 20 64 65 62 74 20 | 66 69 6e 61 6e 63 69 6e |ed debt |financin|
|00002f80| 67 20 70 72 6f 70 6f 72 | 74 69 6f 6e 20 2d 20 43 |g propor|tion - C|
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|00003130| 20 6f 66 20 64 65 70 72 | 65 63 69 61 74 69 6f 6e | of depr|eciation|
|00003140| 20 69 6e 20 73 74 61 62 | 6c 65 20 67 72 6f 77 74 | in stab|le growt|
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|00003190| 00 04 02 5a 00 59 00 01 | 00 20 00 52 00 42 65 66 |...Z.Y..|. .R.Bef|
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|000031c0| 74 6f 20 73 65 65 20 69 | 66 20 61 6e 79 20 77 61 |to see i|f any wa|
|000031d0| 72 6e 69 6e 67 73 20 61 | 70 70 65 61 72 20 6f 6e |rnings a|ppear on|
|000031e0| 20 74 68 65 20 6e 65 78 | 74 20 70 61 67 65 2e be | the nex|t page..|
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|00003250| 03 1e 00 00 09 19 02 47 | 00 17 41 59 6f 75 20 68 |.......G|..AYou h|
|00003260| 61 76 65 20 65 6e 74 65 | 72 65 64 20 61 20 6e 65 |ave ente|red a ne|
|00003270| 67 61 74 69 76 65 20 63 | 75 72 72 65 6e 74 20 45 |gative c|urrent E|
|00003280| 50 53 2e 20 54 68 69 73 | 20 6d 6f 64 65 6c 20 77 |PS. This| model w|
|00003290| 69 6c 6c 20 6e 6f 74 20 | 77 6f 72 6b 19 08 0e 00 |ill not |work....|
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|000032e0| c0 04 1e 00 00 09 19 02 | 56 00 17 50 48 69 73 74 |........|V..PHist|
|000032f0| 6f 72 69 63 61 6c 20 47 | 72 6f 77 74 68 20 52 61 |orical G|rowth Ra|
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|00003330| 74 20 69 74 20 61 74 20 | 7a 65 72 6f 19 08 0a 00 |t it at |zero....|
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|000033f0| 19 40 00 01 17 01 20 19 | 08 03 00 42 03 01 00 07 |.@.... .|...B....|
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|00003430| c0 03 1f 00 00 00 00 00 | 00 f8 3f 44 17 c0 03 05 |........|..?D....|
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|000034a0| 20 53 70 65 6e 64 69 6e | 67 20 65 78 63 65 65 64 | Spendin|g exceed|
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|00003560| 20 be 00 0a 00 5f 00 04 | 00 21 00 21 00 05 00 d7 | ...._..|.!.!....|
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|00003810| 02 10 00 7e 00 01 00 0e | 00 90 01 00 00 f0 93 c0 |...~....|........|
|00003820| 01 1c 80 08 02 10 00 7f | 00 01 00 0e 00 90 01 00 |........|........|
|00003830| 00 98 45 c0 01 1c 00 06 | 00 66 00 60 00 01 00 20 |..E.....|.f.`... |
|00003840| 00 00 00 a8 34 ad 05 ff | ff 00 00 63 00 03 ff 50 |....4...|...c...P|
|00003850| 00 44 40 c0 04 1e 0a 00 | 14 0d 19 02 34 00 17 2e |.D@.....|....4...|
|00003860| 54 68 69 73 20 69 73 20 | 61 20 68 69 67 68 20 67 |This is |a high g|
|00003870| 72 6f 77 74 68 20 72 61 | 74 65 20 66 6f 72 20 61 |rowth ra|te for a|
|00003880| 20 73 74 61 62 6c 65 20 | 70 65 72 69 6f 64 19 08 | stable |period..|
|00003890| 0e 00 19 40 00 01 17 01 | 20 19 08 03 00 42 03 01 |...@....| ....B..|
|000038a0| 00 07 02 03 00 01 00 20 | be 00 0a 00 60 00 04 00 |....... |....`...|
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|000038c0| be 00 0a 00 61 00 04 00 | 21 00 21 00 05 00 01 02 |....a...|!.!.....|
|000038d0| 06 00 62 00 00 00 1d 00 | 04 02 1f 00 62 00 01 00 |..b.....|....b...|
|000038e0| 24 00 17 00 4f 75 74 70 | 75 74 20 66 72 6f 6d 20 |$...Outp|ut from |
|000038f0| 74 68 65 20 70 72 6f 67 | 72 61 6d be 00 14 00 62 |the prog|ram....b|
|00003900| 00 02 00 1d 00 1d 00 1d | 00 1d 00 1d 00 1d 00 1d |........|........|
|00003910| 00 08 00 04 02 18 00 63 | 00 01 00 1c 00 10 00 43 |.......c|.......C|
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|00003960| 22 c0 03 44 21 c0 03 44 | 23 c0 03 05 03 19 08 03 |"..D!..D|#.......|
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|00003980| 00 05 00 be 00 0a 00 64 | 00 04 00 21 00 21 00 05 |.......d|...!.!..|
|00003990| 00 04 02 32 00 65 00 01 | 00 1c 00 2a 00 50 72 6f |...2.e..|...*.Pro|
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|000039b0| 20 43 61 70 69 74 61 6c | 20 53 70 65 6e 64 69 6e | Capital| Spendin|
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|00003a70| 19 02 12 00 44 38 c0 04 | 1e 01 00 44 38 c0 04 03 |....D8..|...D8...|
|00003a80| 15 06 19 08 0b 00 24 53 | c0 04 19 08 03 00 42 03 |......$S|......B.|
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|00003c10| 3f 00 00 6f 00 03 ff 0e | 00 44 68 c0 04 44 69 c0 |?..o....|.Dh..Di.|
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|00003c50| 68 20 52 61 74 65 20 69 | 6e 20 45 61 72 6e 69 6e |h Rate i|n Earnin|
|00003c60| 67 73 20 70 65 72 20 73 | 68 61 72 65 be 00 0a 00 |gs per s|hare....|
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|00003c80| 03 00 20 00 0b 00 47 72 | 6f 77 74 68 20 52 61 74 |.. ...Gr|owth Rat|
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|00003cd0| 6f 00 03 00 28 00 68 c8 | da a1 05 b3 e0 3f 00 00 |o...(.h.|.....?..|
|00003ce0| 6f 00 04 ff 19 00 44 14 | c0 03 44 27 c0 04 06 15 |o.....D.|..D'....|
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|00003d10| 3f 00 00 70 00 03 ff 04 | 00 44 3c c0 04 01 02 06 |?..p....|.D<.....|
|00003d20| 00 6f 00 05 00 21 00 04 | 02 1b 00 70 00 01 00 1c |.o...!..|...p....|
|00003d30| 00 13 00 4f 75 74 73 69 | 64 65 20 45 73 74 69 6d |...Outsi|de Estim|
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|00003d50| 52 b8 1e 85 eb 51 c8 3f | 00 00 70 00 04 ff 04 00 |R....Q.?|..p.....|
|00003d60| 44 2a c0 04 06 00 1a 00 | 70 00 04 00 28 00 9a 99 |D*......|p...(...|
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|00003d90| 71 00 01 00 1c 00 14 00 | 46 75 6e 64 61 6d 65 6e |q.......|Fundamen|
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|00003db0| 71 00 03 00 28 00 8e 65 | 50 2a 4c bc c7 3f 00 00 |q...(..e|P*L..?..|
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|00003dd0| 02 28 00 44 35 c0 02 44 | 34 c0 02 44 34 c0 04 44 |.(.D5..D|4..D4..D|
|00003de0| 34 c0 02 44 35 c0 04 1e | 01 00 44 32 c0 03 04 15 |4..D5...|..D2....|
|00003df0| 05 04 15 05 03 15 05 19 | 08 2b 00 44 39 c0 02 44 |........|.+.D9..D|
|00003e00| 38 c0 02 44 38 c0 04 44 | 38 c0 02 44 39 c0 04 1e |8..D8..D|8..D9...|
|00003e10| 01 00 44 32 c0 03 04 15 | 05 04 15 05 03 15 05 19 |..D2....|........|
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|00003e30| 00 00 00 00 00 00 00 e0 | 3f 00 00 72 00 03 ff 04 |........|?..r....|
|00003e40| 00 44 3e c0 04 01 02 06 | 00 71 00 05 00 21 00 04 |.D>.....|.q...!..|
|00003e50| 02 18 00 72 00 01 00 20 | 00 10 00 57 65 69 67 68 |...r... |...Weigh|
|00003e60| 74 65 64 20 41 76 65 72 | 61 67 65 06 00 33 00 72 |ted Aver|age..3.r|
|00003e70| 00 03 00 34 00 78 99 25 | 8b 86 46 cc 3f 00 00 76 |...4.x.%|..F.?..v|
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|00003e90| c0 03 44 70 c0 04 05 03 | 44 71 c0 03 44 71 c0 04 |..Dp....|Dq..Dq..|
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|00003ec0| 04 02 49 00 74 00 01 00 | 1c 00 41 00 47 72 6f 77 |..I.t...|..A.Grow|
|00003ed0| 74 68 20 52 61 74 65 20 | 69 6e 20 63 61 70 69 74 |th Rate |in capit|
|00003ee0| 61 6c 20 73 70 65 6e 64 | 69 6e 67 2c 20 64 65 70 |al spend|ing, dep|
|00003ef0| 72 65 63 69 61 74 69 6f | 6e 20 61 6e 64 20 77 6f |reciatio|n and wo|
|00003f00| 72 6b 69 6e 67 20 63 61 | 70 69 74 61 6c be 00 0c |rking ca|pital...|
|00003f10| 00 74 00 03 00 35 00 33 | 00 33 00 05 00 01 02 06 |.t...5.3|.3......|
|00003f20| 00 75 00 01 00 1c 00 04 | 02 13 00 75 00 03 00 35 |.u......|...u...5|
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|00003f40| 15 00 75 00 04 00 33 00 | 0d 00 53 74 61 62 6c 65 |..u...3.|..Stable|
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|00003f60| 00 04 02 29 00 76 00 01 | 00 1c 00 21 00 47 72 6f |...).v..|...!.Gro|
|00003f70| 77 74 68 20 72 61 74 65 | 20 69 6e 20 63 61 70 69 |wth rate| in capi|
|00003f80| 74 61 6c 20 73 70 65 6e | 64 69 6e 67 20 3d 06 00 |tal spen|ding =..|
|00003f90| 38 00 76 00 03 00 28 00 | 9a 99 99 99 99 99 c9 3f |8.v...(.|.......?|
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|00003fb0| 73 0b 19 02 08 00 24 72 | c0 03 19 08 0b 00 24 4a |s.....$r|......$J|
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|00003fd0| 04 00 28 00 00 00 ac 34 | ad 05 ff ff 00 00 77 00 |..(....4|......w.|
|00003fe0| 04 ff 22 00 44 47 c0 05 | 17 03 59 65 73 0b 19 02 |..".DG..|..Yes...|
|00003ff0| 08 00 24 83 c0 04 19 08 | 0b 00 24 4b c0 02 19 08 |..$.....|..$K....|
|00004000| 03 00 42 03 01 00 07 02 | 0e 00 0c 00 44 6f 20 6e |..B.....|....Do n|
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|00004020| 33 00 04 02 25 00 77 00 | 01 00 1c 00 1d 00 47 72 |3...%.w.|......Gr|
|00004030| 6f 77 74 68 20 72 61 74 | 65 20 69 6e 20 64 65 70 |owth rat|e in dep|
|00004040| 72 65 63 69 61 74 69 6f | 6e 20 3d 06 00 38 00 77 |reciatio|n =..8.w|
|00004050| 00 03 00 28 00 9a 99 99 | 99 99 99 c9 3f 00 00 7e |...(....|....?..~|
|00004060| 00 0d ff 22 00 44 47 c0 | 05 17 03 59 65 73 0b 19 |...".DG.|...Yes..|
|00004070| 02 08 00 24 72 c0 03 19 | 08 0b 00 24 4a c0 03 19 |...$r...|...$J...|
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|00004090| 00 00 00 70 33 ad 05 ff | ff 00 00 78 00 03 ff 22 |...p3...|...x..."|
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|000040b0| 83 c0 04 19 08 0b 00 24 | 4b c0 03 19 08 03 00 42 |.......$|K......B|
|000040c0| 03 01 00 07 02 0e 00 0c | 00 44 6f 20 6e 6f 74 20 |........|.Do not |
|000040d0| 65 6e 74 65 72 01 02 06 | 00 77 00 05 00 33 00 04 |enter...|.w...3..|
|000040e0| 02 21 00 78 00 01 00 1c | 00 19 00 47 72 6f 77 74 |.!.x....|...Growt|
|000040f0| 68 20 72 61 74 65 20 69 | 6e 20 72 65 76 65 6e 75 |h rate i|n revenu|
|00004100| 65 73 20 3d 06 00 38 00 | 78 00 03 00 36 00 0a d7 |es =..8.|x...6...|
|00004110| a3 70 3d 0a c7 3f 00 00 | 78 00 04 ff 22 00 44 47 |.p=..?..|x...".DG|
|00004120| c0 05 17 03 59 65 73 0b | 19 02 08 00 24 72 c0 03 |....Yes.|....$r..|
|00004130| 19 08 0b 00 24 4a c0 04 | 19 08 03 00 42 03 01 00 |....$J..|....B...|
|00004140| 06 00 38 00 78 00 04 00 | 28 00 b8 1e 85 eb 51 b8 |..8.x...|(.....Q.|
|00004150| ae 3f 00 00 7a 00 04 ff | 22 00 44 47 c0 05 17 03 |.?..z...|".DG....|
|00004160| 59 65 73 0b 19 02 08 00 | 24 83 c0 04 19 08 0b 00 |Yes.....|$.......|
|00004170| 24 4b c0 04 19 08 03 00 | 42 03 01 00 01 02 06 00 |$K......|B.......|
|00004180| 78 00 05 00 21 00 be 00 | 0c 00 79 00 03 00 37 00 |x...!...|..y...7.|
|00004190| 2a 00 21 00 05 00 04 02 | 30 00 7a 00 01 00 1c 00 |*.!.....|0.z.....|
|000041a0| 28 00 57 6f 72 6b 69 6e | 67 20 43 61 70 69 74 61 |(.Workin|g Capita|
|000041b0| 6c 20 61 73 20 70 65 72 | 63 65 6e 74 20 6f 66 20 |l as per|cent of |
|000041c0| 72 65 76 65 6e 75 65 73 | 20 3d 01 02 06 00 7a 00 |revenues| =....z.|
|000041d0| 03 00 37 00 06 00 5e 00 | 7a 00 04 00 28 00 9a 99 |..7...^.|z...(...|
|000041e0| 99 99 99 99 d9 3f 00 00 | 7c 00 03 ff 48 00 44 4d |.....?..||...H.DM|
|000041f0| c0 05 17 03 59 65 73 0b | 19 02 2e 00 44 19 c0 03 |....Yes.|....D...|
|00004200| 44 18 c0 03 06 1e 00 00 | 09 19 02 07 00 1e 00 00 |D.......|........|
|00004210| 19 08 10 00 44 19 c0 03 | 44 18 c0 03 06 19 08 03 |....D...|D.......|
|00004220| 00 22 03 01 00 15 19 08 | 0b 00 24 4e c0 04 19 08 |."......|..$N....|
|00004230| 03 00 42 03 01 00 04 02 | 15 00 7a 00 05 00 21 00 |..B.....|..z...!.|
|00004240| 0d 00 20 28 69 6e 20 70 | 65 72 63 65 6e 74 29 04 |.. (in p|ercent).|
|00004250| 02 49 00 7b 00 01 00 20 | 00 41 00 54 68 65 20 46 |.I.{... |.A.The F|
|00004260| 43 46 45 20 66 6f 72 20 | 74 68 65 20 68 69 67 68 |CFE for |the high|
|00004270| 20 67 72 6f 77 74 68 20 | 70 68 61 73 65 20 61 72 | growth |phase ar|
|00004280| 65 20 73 68 6f 77 6e 20 | 62 65 6c 6f 77 20 28 75 |e shown |below (u|
|00004290| 70 74 6f 20 36 20 79 65 | 61 72 73 29 be 00 0a 00 |pto 6 ye|ars)....|
|000042a0| 7b 00 04 00 2a 00 21 00 | 05 00 be 00 0a 00 7c 00 |{...*.!.|......|.|
|000042b0| 01 00 21 00 21 00 02 00 | 06 00 34 00 7c 00 03 00 |..!.!...|..4.|...|
|000042c0| 21 00 00 00 00 00 00 00 | f0 3f 00 00 7c 00 04 ff |!.......|.?..|...|
|000042d0| 1e 00 44 1c c0 04 1e 00 | 00 0b 19 02 07 00 17 01 |..D.....|........|
|000042e0| 20 19 08 0a 00 1e 01 00 | 19 08 03 00 42 03 01 00 | .......|....B...|
|000042f0| 06 00 34 00 7c 00 04 00 | 21 00 00 00 00 00 00 00 |..4.|...|!.......|
|00004300| 00 40 00 00 7c 00 05 ff | 1e 00 44 1c c0 04 1e 01 |.@..|...|..D.....|
|00004310| 00 0b 19 02 07 00 17 01 | 20 19 08 0a 00 1e 02 00 |........| .......|
|00004320| 19 08 03 00 42 03 01 00 | 06 00 34 00 7c 00 05 00 |....B...|..4.|...|
|00004330| 38 00 00 00 00 00 00 00 | 08 40 00 00 7c 00 06 ff |8.......|.@..|...|
|00004340| 1e 00 44 1c c0 04 1e 03 | 00 09 19 02 07 00 17 01 |..D.....|........|
|00004350| 20 19 08 0a 00 1e 03 00 | 19 08 03 00 42 03 01 00 | .......|....B...|
|00004360| 06 00 34 00 7c 00 06 00 | 21 00 00 00 00 00 00 00 |..4.|...|!.......|
|00004370| 10 40 00 00 7c 00 07 ff | 1e 00 44 1c c0 04 1e 04 |.@..|...|..D.....|
|00004380| 00 09 19 02 07 00 17 01 | 20 19 08 0a 00 1e 04 00 |........| .......|
|00004390| 19 08 03 00 42 03 01 00 | 06 00 34 00 7c 00 07 00 |....B...|..4.|...|
|000043a0| 21 00 00 00 00 00 00 00 | 14 40 00 00 7c 00 08 ff |!.......|.@..|...|
|000043b0| 1e 00 44 1c c0 04 1e 05 | 00 09 19 02 07 00 17 01 |..D.....|........|
|000043c0| 20 19 08 0a 00 1e 05 00 | 19 08 03 00 42 03 01 00 | .......|....B...|
|000043d0| 06 00 34 00 7c 00 08 00 | 21 00 00 00 bc 34 ad 05 |..4.|...|!....4..|
|000043e0| ff ff 00 00 7c 00 09 ff | 1e 00 44 1c 00 04 1e 06 |....|...|..D.....|
|000043f0| 00 09 19 02 07 00 17 01 | 20 19 08 0a 00 1e 06 00 |........| .......|
|00004400| 19 08 03 00 42 03 01 00 | 07 02 03 00 01 00 20 06 |....B...|...... .|
|00004410| 00 34 00 7c 00 09 00 21 | 00 00 00 c0 34 ad 05 ff |.4.|...!|....4...|
|00004420| ff 00 00 7c 00 0a ff 1e | 00 44 1c 00 04 1e 07 00 |...|....|.D......|
|00004430| 09 19 02 07 00 17 01 20 | 19 08 0a 00 1e 07 00 19 |....... |........|
|00004440| 08 03 00 42 03 01 00 07 | 02 03 00 01 00 20 06 00 |...B....|..... ..|
|00004450| 34 00 7c 00 0a 00 21 00 | 00 00 80 33 ad 05 ff ff |4.|...!.|...3....|
|00004460| 00 00 7c 00 0b ff 1e 00 | 44 1c 00 04 1e 08 00 09 |..|.....|D.......|
|00004470| 19 02 07 00 17 01 20 19 | 08 0a 00 1e 08 00 19 08 |...... .|........|
|00004480| 03 00 42 03 01 00 07 02 | 03 00 01 00 20 06 00 34 |..B.....|.... ..4|
|00004490| 00 7c 00 0b 00 21 00 00 | 00 84 33 ad 05 ff ff 00 |.|...!..|..3.....|
|000044a0| 00 7c 00 0c ff 1e 00 44 | 1c 00 04 1e 09 00 09 19 |.|.....D|........|
|000044b0| 02 07 00 17 01 20 19 08 | 0a 00 1e 09 00 19 08 03 |..... ..|........|
|000044c0| 00 42 03 01 00 07 02 03 | 00 01 00 20 06 00 34 00 |.B......|... ..4.|
|000044d0| 7c 00 0c 00 21 00 00 00 | e4 4e ad 05 ff ff 00 00 ||...!...|.N......|
|000044e0| 7d 00 03 ff 1e 00 44 1c | 00 04 1e 0a 00 09 19 02 |}.....D.|........|
|000044f0| 07 00 17 01 20 19 08 0a | 00 1e 0a 00 19 08 03 00 |.... ...|........|
|00004500| 42 03 01 00 07 02 03 00 | 01 00 20 04 02 15 00 7c |B.......|.. ....||
|00004510| 00 0d 00 1c 00 0d 00 54 | 65 72 6d 69 6e 61 6c 20 |.......T|erminal |
|00004520| 59 65 61 72 04 02 10 00 | 7d 00 01 00 39 00 08 00 |Year....|}...9...|
|00004530| 45 61 72 6e 69 6e 67 73 | 01 02 06 00 7d 00 02 00 |Earnings|....}...|
|00004540| 21 00 06 00 3f 00 7d 00 | 03 00 22 00 2f b3 64 d1 |!...?.}.|.."./.d.|
|00004550| d0 88 13 40 00 00 7d 00 | 04 ff 29 00 44 1c 00 04 |...@..}.|..).D...|
|00004560| 1e 01 00 09 19 02 07 00 | 17 01 20 19 08 15 00 44 |........|.. ....D|
|00004570| 68 00 04 1e 01 00 44 72 | c0 03 03 15 05 19 08 03 |h.....Dr|........|
|00004580| 00 42 03 01 00 06 00 1b | 00 7d 00 04 00 22 00 64 |.B......|.}...".d|
|00004590| 28 dc d9 81 d9 17 40 08 | 00 7d 00 05 ff 05 00 01 |(.....@.|.}......|
|000045a0| 7d 00 04 00 bc 04 34 00 | 7d 00 7d 00 04 0c 00 09 |}.....4.|}.}.....|
|000045b0| 2a 00 44 1c 00 04 4c ff | ff 00 09 19 02 07 00 17 |*.D...L.|........|
|000045c0| 01 20 19 08 15 00 4c 00 | c0 ff 1e 01 00 44 72 00 |. ....L.|.....Dr.|
|000045d0| 03 03 15 05 19 08 03 00 | 42 03 01 00 06 00 1b 00 |........|B.......|
|000045e0| 7d 00 05 00 22 00 2d 9a | 28 46 3a 1e 1d 40 08 00 |}...".-.|(F:..@..|
|000045f0| 7d 00 06 ff 05 00 01 7d | 00 04 00 06 00 1b 00 7d |}......}|.......}|
|00004600| 00 06 00 22 00 3e 1e 56 | 14 71 c6 21 40 08 00 7d |...".>.V|.q.!@..}|
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|00004620| 07 00 22 00 b7 2c b1 05 | a5 b3 25 40 08 00 7d 00 |.."..,..|..%@..}.|
|00004630| 08 ff 05 00 01 7d 00 04 | 00 06 00 1b 00 7d 00 08 |.....}..|.....}..|
|00004640| 00 22 00 00 00 e8 4e ad | 05 ff ff 08 00 7d 00 09 |."....N.|.....}..|
|00004650| ff 05 00 01 7d 00 04 00 | 07 02 03 00 01 00 20 06 |....}...|...... .|
|00004660| 00 1b 00 7d 00 09 00 22 | 00 00 00 c4 35 ad 05 ff |...}..."|....5...|
|00004670| ff 08 00 7d 00 0a ff 05 | 00 01 7d 00 04 00 07 02 |...}....|..}.....|
|00004680| 03 00 01 00 20 06 00 1b | 00 7d 00 0a 00 22 00 00 |.... ...|.}..."..|
|00004690| 00 c8 35 ad 05 ff ff 08 | 00 7d 00 0b ff 05 00 01 |..5.....|.}......|
|000046a0| 7d 00 04 00 07 02 03 00 | 01 00 20 06 00 1b 00 7d |}.......|.. ....}|
|000046b0| 00 0b 00 22 00 00 00 cc | 35 ad 05 ff ff 08 00 7d |..."....|5......}|
|000046c0| 00 0c ff 05 00 01 7d 00 | 04 00 07 02 03 00 01 00 |......}.|........|
|000046d0| 20 06 00 1b 00 7d 00 0c | 00 22 00 00 00 d0 35 ad | ....}..|."....5.|
|000046e0| 05 ff ff 08 00 7e 00 03 | ff 05 00 01 7d 00 04 00 |.....~..|....}...|
|000046f0| 07 02 03 00 01 00 20 06 | 00 33 00 7d 00 0d 00 22 |...... .|.3.}..."|
|00004700| 00 1e ce 3b b9 fb 00 27 | 40 00 00 19 00 03 ff 1d |...;...'|@.......|
|00004710| 00 44 68 c0 04 1e 01 00 | 44 72 c0 03 03 15 44 1c |.Dh.....|Dr....D.|
|00004720| c0 04 07 05 1e 01 00 44 | 83 c0 04 03 15 05 04 02 |.......D|........|
|00004730| 26 00 7e 00 01 00 39 00 | 1e 00 20 2d 20 28 43 61 |&.~...9.|.. - (Ca|
|00004740| 70 45 78 2d 44 65 70 72 | 65 63 69 61 74 69 6f 6e |pEx-Depr|eciation|
|00004750| 29 2a 28 31 2d 44 52 29 | 01 02 06 00 7e 00 02 00 |)*(1-DR)|....~...|
|00004760| 2f 00 06 00 1b 00 7e 00 | 03 00 22 00 11 80 f0 c5 |/.....~.|..".....|
|00004770| 56 4b 01 40 08 00 7e 00 | 04 ff 05 00 01 7e 00 03 |VK.@..~.|.....~..|
|00004780| 00 bc 04 58 00 7e 00 7e | 00 03 0c 00 0a 4e 00 44 |...X.~.~|.....N.D|
|00004790| 1c 00 04 4c fe ff 00 09 | 19 02 07 00 17 01 20 19 |...L....|...... .|
|000047a0| 08 39 00 44 16 00 03 1e | 01 00 44 76 00 03 03 15 |.9.D....|..Dv....|
|000047b0| 4c fe ff 00 07 05 44 17 | 00 03 1e 01 00 44 77 00 |L.....D.|.....Dw.|
|000047c0| 03 03 15 4c fe ff 00 07 | 05 04 15 1e 01 00 44 65 |...L....|......De|
|000047d0| 00 04 04 15 05 19 08 03 | 00 42 03 01 00 06 00 1b |........|.B......|
|000047e0| 00 7e 00 04 00 22 00 ad | 99 20 87 ce c0 04 40 08 |.~..."..|. ....@.|
|000047f0| 00 7e 00 05 ff 05 00 01 | 7e 00 03 00 06 00 1b 00 |.~......|~.......|
|00004800| 7e 00 05 00 22 00 6a b8 | c0 3b 5e e7 08 40 08 00 |~...".j.|.;^..@..|
|00004810| 7e 00 06 ff 05 00 01 7e | 00 03 00 06 00 1b 00 7e |~......~|.......~|
|00004820| 00 06 00 22 00 4a dd 80 | 14 71 e2 0d 40 08 00 7e |...".J..|.q..@..~|
|00004830| 00 07 ff 05 00 01 7e 00 | 03 00 06 00 1b 00 7e 00 |......~.|......~.|
|00004840| 07 00 22 00 62 1e 1a d9 | 43 ee 11 40 08 00 7e 00 |..".b...|C..@..~.|
|00004850| 08 ff 05 00 01 7e 00 03 | 00 06 00 1b 00 7e 00 08 |.....~..|.....~..|
|00004860| 00 22 00 00 00 d4 35 ad | 05 ff ff 08 00 7e 00 09 |."....5.|.....~..|
|00004870| ff 05 00 01 7e 00 03 00 | 07 02 03 00 01 00 20 06 |....~...|...... .|
|00004880| 00 1b 00 7e 00 09 00 22 | 00 00 00 d8 35 ad 05 ff |...~..."|....5...|
|00004890| ff 08 00 7e 00 0a ff 05 | 00 01 7e 00 03 00 07 02 |...~....|..~.....|
|000048a0| 03 00 01 00 20 06 00 1b | 00 7e 00 0a 00 22 00 00 |.... ...|.~..."..|
|000048b0| 00 dc 35 ad 05 ff ff 08 | 00 7e 00 0b ff 05 00 01 |..5.....|.~......|
|000048c0| 7e 00 03 00 07 02 03 00 | 01 00 20 06 00 1b 00 7e |~.......|.. ....~|
|000048d0| 00 0b 00 22 00 00 00 e0 | 35 ad 05 ff ff 08 00 7e |..."....|5......~|
|000048e0| 00 0c ff 05 00 01 7e 00 | 03 00 07 02 03 00 01 00 |......~.|........|
|000048f0| 20 06 00 1b 00 7e 00 0c | 00 22 00 00 00 e4 35 ad | ....~..|."....5.|
|00004900| 05 ff ff 08 00 7f 00 03 | ff 05 00 01 7e 00 03 00 |........|....~...|
|00004910| 07 02 03 00 01 00 20 06 | 00 64 00 7e 00 0d 00 22 |...... .|.d.~..."|
|00004920| 00 72 09 cd 2b d4 27 00 | 40 00 00 80 00 0d ff 4e |.r..+.'.|@......N|
|00004930| 00 44 56 c0 05 17 03 59 | 65 73 0b 19 02 07 00 1e |.DV....Y|es......|
|00004940| 00 00 19 08 38 00 44 57 | c0 05 1e 01 00 04 15 44 |....8.DW|.......D|
|00004950| 17 c0 03 05 1e 01 00 44 | 77 c0 03 03 15 44 1c c0 |.......D|w....D..|
|00004960| 04 07 05 1e 01 00 44 83 | c0 04 03 15 05 1e 01 00 |......D.|........|
|00004970| 44 65 c0 04 04 15 05 19 | 08 03 00 42 03 01 00 04 |De......|...B....|
|00004980| 02 25 00 7f 00 01 00 39 | 00 1d 00 20 2d 43 68 67 |.%.....9|... -Chg|
|00004990| 2e 20 57 6f 72 6b 69 6e | 67 20 43 61 70 69 74 61 |. Workin|g Capita|
|000049a0| 6c 2a 28 31 2d 44 52 29 | 01 02 06 00 7f 00 02 00 |l*(1-DR)|........|
|000049b0| 3a 00 06 00 1b 00 7f 00 | 03 00 22 00 ab 99 20 87 |:.......|.."... .|
|000049c0| ce c0 f4 3f 08 00 7f 00 | 04 ff 05 00 01 7f 00 03 |...?....|........|
|000049d0| 00 bc 04 5e 00 7f 00 7f | 00 03 0c 00 0a 54 00 44 |...^....|.....T.D|
|000049e0| 1c 00 04 4c fd ff 00 09 | 19 02 07 00 17 01 20 19 |...L....|...... .|
|000049f0| 08 3f 00 44 18 00 03 44 | 7a 00 04 05 1e 01 00 44 |.?.D...D|z......D|
|00004a00| 78 00 03 03 15 4c fd ff | 00 07 1e 01 00 44 78 00 |x....L..|.....Dx.|
|00004a10| 03 03 15 4c fd ff 00 1e | 01 00 04 15 07 04 15 05 |...L....|........|
|00004a20| 15 1e 01 00 44 65 00 04 | 04 15 05 19 08 03 00 42 |....De..|.......B|
|00004a30| 03 01 00 06 00 1b 00 7f | 00 04 00 22 00 54 b5 b0 |........|...".T..|
|00004a40| a9 1c 7d f8 3f 08 00 7f | 00 05 ff 05 00 01 7f 00 |..}.?...|........|
|00004a50| 03 00 06 00 1b 00 7f 00 | 05 00 22 00 22 32 98 57 |........|.."."2.W|
|00004a60| 8d e5 fc 3f 08 00 7f 00 | 06 ff 05 00 01 7f 00 03 |...?....|........|
|00004a70| 00 06 00 1b 00 7f 00 06 | 00 22 00 a5 cb 99 45 8e |........|."....E.|
|00004a80| 0c 01 40 08 00 7f 00 07 | ff 05 00 01 7f 00 03 00 |..@.....|........|
|00004a90| 06 00 1b 00 7f 00 07 00 | 22 00 89 7a 35 00 2d 1e |........|"..z5.-.|
|00004aa0| 04 40 08 00 7f 00 08 ff | 05 00 01 7f 00 03 00 06 |.@......|........|
|00004ab0| 00 1b 00 7f 00 08 00 22 | 00 00 00 08 36 ad 05 ff |......."|....6...|
|00004ac0| ff 08 00 7f 00 09 ff 05 | 00 01 7f 00 03 00 07 02 |........|........|
|00004ad0| 03 00 01 00 20 06 00 1b | 00 7f 00 09 00 22 00 00 |.... ...|....."..|
|00004ae0| 00 0c 36 ad 05 ff ff 08 | 00 7f 00 0a ff 05 00 01 |..6.....|........|
|00004af0| 7f 00 03 00 07 02 03 00 | 01 00 20 06 00 1b 00 7f |........|.. .....|
|00004b00| 00 0a 00 22 00 00 00 58 | 48 ad 05 ff ff 08 00 7f |..."...X|H.......|
|00004b10| 00 0b ff 05 00 01 7f 00 | 03 00 07 02 03 00 01 00 |........|........|
|00004b20| 20 06 00 1b 00 7f 00 0b | 00 22 00 00 00 5c 48 ad | .......|."...\H.|
|00004b30| 05 ff ff 08 00 7f 00 0c | ff 05 00 01 7f 00 03 00 |........|........|
|00004b40| 07 02 03 00 01 00 20 06 | 00 1b 00 7f 00 0c 00 22 |...... .|......."|
|00004b50| 00 00 00 60 48 ad 05 ff | ff 08 00 80 00 03 ff 05 |...`H...|........|
|00004b60| 00 01 7f 00 03 00 07 02 | 03 00 01 00 20 06 00 57 |........|.... ..W|
|00004b70| 00 7f 00 0d 00 22 00 53 | 9b cb 77 f1 a6 ef 3f 00 |.....".S|..w...?.|
|00004b80| 00 7d 00 0d ff 41 00 44 | 18 c0 03 1e 01 00 44 78 |.}...A.D|......Dx|
|00004b90| c0 03 03 15 44 1c c0 04 | 07 05 1e 01 00 44 78 c0 |....D...|.....Dx.|
|00004ba0| 04 03 15 05 44 18 c0 03 | 1e 01 00 44 78 c0 03 03 |....D...|...Dx...|
|00004bb0| 15 44 1c c0 04 07 05 04 | 15 44 7a c0 04 05 1e 01 |.D......|.Dz.....|
|00004bc0| 00 44 66 c0 04 04 15 05 | d7 00 44 00 11 16 00 00 |.Df.....|..D.....|
|00004bd0| 6c 02 7f 00 18 00 45 00 | 70 00 0e 00 86 00 85 00 |l.....E.|p.......|
|00004be0| 0e 00 53 00 76 00 6a 00 | 54 00 0e 00 3b 00 33 00 |..S.v.j.|T...;.3.|
|00004bf0| 7a 00 65 00 c3 00 61 00 | 10 00 5d 00 44 00 c1 00 |z.e...a.|..].D...|
|00004c00| bd 00 a7 00 10 00 b9 00 | 5b 00 7a 02 0a 02 51 02 |........|[.z...Q.|
|00004c10| 08 02 10 00 80 00 01 00 | 0e 00 90 01 00 00 09 00 |........|........|
|00004c20| c0 01 1c 00 08 02 10 00 | 81 00 01 00 0e 00 90 01 |........|........|
|00004c30| 00 00 e0 3c c0 01 1c 00 | 08 02 10 00 82 00 01 00 |...<....|........|
|00004c40| 0e 00 90 01 00 00 00 00 | c0 01 1c 00 08 02 10 00 |........|........|
|00004c50| 83 00 01 00 0e 00 90 01 | 00 00 01 00 c0 01 1c c0 |........|........|
|00004c60| 08 02 10 00 84 00 01 00 | 0e 00 90 01 00 00 00 00 |........|........|
|00004c70| c0 01 1c 00 08 02 10 00 | 85 00 01 00 0e 00 90 01 |........|........|
|00004c80| 00 00 00 00 c0 01 1c 00 | 08 02 10 00 86 00 01 00 |........|........|
|00004c90| 0e 00 90 01 00 00 00 00 | c0 01 1e 00 08 02 10 00 |........|........|
|00004ca0| 87 00 01 00 0e 00 90 01 | 00 00 04 1d c0 01 1c c0 |........|........|
|00004cb0| 08 02 10 00 88 00 01 00 | 0e 00 90 01 00 00 60 3d |........|......`=|
|00004cc0| c0 01 1c 00 08 02 10 00 | 89 00 01 00 0e 00 90 01 |........|........|
|00004cd0| 00 00 70 3d c0 01 1c c0 | 08 02 10 00 8a 00 01 00 |..p=....|........|
|00004ce0| 0e 00 90 01 00 00 00 00 | c0 01 1c 00 08 02 10 00 |........|........|
|00004cf0| 8b 00 01 00 0e 00 90 01 | 00 00 80 3d c0 01 1c 00 |........|...=....|
|00004d00| 08 02 10 00 8c 00 01 00 | 0e 00 90 01 00 00 a0 3d |........|.......=|
|00004d10| c0 01 1c 80 08 02 10 00 | 8d 00 01 00 0e 00 90 01 |........|........|
|00004d20| 00 00 b0 3d c0 01 1c 80 | 08 02 10 00 8e 00 01 00 |...=....|........|
|00004d30| 0e 00 90 01 00 00 c0 3d | c0 01 1c 00 08 02 10 00 |.......=|........|
|00004d40| 8f 00 01 00 0e 00 90 01 | 00 00 c0 3d c0 01 1c 40 |........|...=...@|
|00004d50| 08 02 10 00 90 00 01 00 | 06 00 90 01 00 00 cf 01 |........|........|
|00004d60| c0 01 1c 00 08 02 10 00 | 91 00 01 00 06 00 90 01 |........|........|
|00004d70| 00 00 00 3e c0 01 1c 00 | 04 02 1f 00 80 00 01 00 |...>....|........|
|00004d80| 39 00 17 00 46 72 65 65 | 20 43 61 73 68 66 6c 6f |9...Free| Cashflo|
|00004d90| 77 20 74 6f 20 45 71 75 | 69 74 79 01 02 06 00 80 |w to Equ|ity.....|
|00004da0| 00 02 00 3a 00 06 00 1b | 00 80 00 03 00 22 00 ef |...:....|....."..|
|00004db0| 32 91 32 c7 cb f6 3f 08 | 00 80 00 04 ff 05 00 01 |2.2...?.|........|
|00004dc0| 80 00 03 00 bc 04 34 00 | 80 00 80 00 03 0c 00 0a |......4.|........|
|00004dd0| 2a 00 44 1c 00 04 4c fc | ff 00 09 19 02 07 00 17 |*.D...L.|........|
|00004de0| 01 20 19 08 15 00 4c fd | ff 00 4c fe ff 00 04 4c |. ....L.|..L....L|
|00004df0| ff ff 00 04 19 08 03 00 | 42 03 01 00 06 00 1b 00 |........|B.......|
|00004e00| 80 00 04 00 22 00 e2 b8 | 7e af 4d 67 fd 3f 08 00 |...."...|~.Mg.?..|
|00004e10| 80 00 05 ff 05 00 01 80 | 00 03 00 06 00 1b 00 80 |........|........|
|00004e20| 00 05 00 22 00 df 62 c4 | a4 4f e2 02 40 08 00 80 |..."..b.|.O..@...|
|00004e30| 00 06 ff 05 00 01 80 00 | 03 00 06 00 1b 00 80 00 |........|........|
|00004e40| 06 00 22 00 09 d0 3d f7 | c4 2a 08 40 08 00 80 00 |.."...=.|.*.@....|
|00004e50| 07 ff 05 00 01 80 00 03 | 00 06 00 1b 00 80 00 07 |........|........|
|00004e60| 00 22 00 8f fb 5a 64 df | d3 0e 40 08 00 80 00 08 |."...Zd.|..@.....|
|00004e70| ff 05 00 01 80 00 03 00 | 06 00 1b 00 80 00 08 00 |........|........|
|00004e80| 22 00 00 00 84 48 ad 05 | ff ff 08 00 80 00 09 ff |"....H..|........|
|00004e90| 05 00 01 80 00 03 00 07 | 02 03 00 01 00 20 06 00 |........|..... ..|
|00004ea0| 1b 00 80 00 09 00 22 00 | 00 00 c4 34 ad 05 ff ff |......".|...4....|
|00004eb0| 08 00 80 00 0a ff 05 00 | 01 80 00 03 00 07 02 03 |........|........|
|00004ec0| 00 01 00 20 06 00 1b 00 | 80 00 0a 00 22 00 00 00 |... ....|...."...|
|00004ed0| c8 34 ad 05 ff ff 08 00 | 80 00 0b ff 05 00 01 80 |.4......|........|
|00004ee0| 00 03 00 07 02 03 00 01 | 00 20 06 00 1b 00 80 00 |........|. ......|
|00004ef0| 0b 00 22 00 00 00 cc 34 | ad 05 ff ff 08 00 80 00 |.."....4|........|
|00004f00| 0c ff 05 00 01 80 00 03 | 00 07 02 03 00 01 00 20 |........|....... |
|00004f10| 06 00 1b 00 80 00 0c 00 | 22 00 00 00 d0 34 ad 05 |........|"....4..|
|00004f20| ff ff 08 00 81 00 03 ff | 05 00 01 80 00 03 00 07 |........|........|
|00004f30| 02 03 00 01 00 20 06 00 | 24 00 80 00 0d 00 23 00 |..... ..|$.....#.|
|00004f40| 0d d2 cb 96 97 fc 20 40 | 00 00 84 00 04 ff 0e 00 |...... @|........|
|00004f50| 44 7d c0 0d 44 7e c0 0d | 04 44 7f c0 0d 04 04 02 |D}..D~..|.D......|
|00004f60| 15 00 81 00 01 00 21 00 | 0d 00 50 72 65 73 65 6e |......!.|..Presen|
|00004f70| 74 20 56 61 6c 75 65 01 | 02 06 00 81 00 02 00 3a |t Value.|.......:|
|00004f80| 00 06 00 1b 00 81 00 03 | 00 3a 00 c2 b5 db 75 60 |........|.:....u`|
|00004f90| f8 f3 3f 08 00 81 00 04 | ff 05 00 01 81 00 03 00 |..?.....|........|
|00004fa0| bc 04 39 00 81 00 81 00 | 03 0c 00 0a 2f 00 44 1c |..9.....|..../.D.|
|00004fb0| 00 04 4c fb ff 00 09 19 | 02 07 00 17 01 20 19 08 |..L.....|..... ..|
|00004fc0| 1a 00 4c ff ff 00 1e 01 | 00 44 63 00 03 03 15 4c |..L.....|.Dc....L|
|00004fd0| fb ff 00 07 06 19 08 03 | 00 42 03 01 00 06 00 1b |........|.B......|
|00004fe0| 00 81 00 04 00 3a 00 44 | b8 66 b0 cd 90 f6 3f 08 |.....:.D|.f....?.|
|00004ff0| 00 81 00 05 ff 05 00 01 | 81 00 03 00 06 00 1b 00 |........|........|
|00005000| 81 00 05 00 3a 00 31 18 | 57 fe 59 64 f9 3f 08 00 |....:.1.|W.Yd.?..|
|00005010| 81 00 06 ff 05 00 01 81 | 00 03 00 06 00 1b 00 81 |........|........|
|00005020| 00 06 00 3a 00 c5 ea 3c | 3b b2 77 fc 3f 08 00 81 |...:...<|;.w.?...|
|00005030| 00 07 ff 05 00 01 81 00 | 03 00 06 00 1b 00 81 00 |........|........|
|00005040| 07 00 3a 00 5f 84 af 0b | dd cf ff 3f 08 00 81 00 |..:._...|...?....|
|00005050| 08 ff 05 00 01 81 00 03 | 00 06 00 1b 00 81 00 08 |........|........|
|00005060| 00 3a 00 00 00 d4 34 ad | 05 ff ff 08 00 81 00 09 |.:....4.|........|
|00005070| ff 05 00 01 81 00 03 00 | 07 02 03 00 01 00 20 06 |........|...... .|
|00005080| 00 1b 00 81 00 09 00 3a | 00 00 00 d8 34 ad 05 ff |.......:|....4...|
|00005090| ff 08 00 81 00 0a ff 05 | 00 01 81 00 03 00 07 02 |........|........|
|000050a0| 03 00 01 00 20 06 00 1b | 00 81 00 0a 00 3a 00 00 |.... ...|.....:..|
|000050b0| 00 dc 34 ad 05 ff ff 08 | 00 81 00 0b ff 05 00 01 |..4.....|........|
|000050c0| 81 00 03 00 07 02 03 00 | 01 00 20 06 00 1b 00 81 |........|.. .....|
|000050d0| 00 0b 00 3a 00 00 00 e0 | 34 ad 05 ff ff 08 00 81 |...:....|4.......|
|000050e0| 00 0c ff 05 00 01 81 00 | 03 00 07 02 03 00 01 00 |........|........|
|000050f0| 20 06 00 1b 00 81 00 0c | 00 3a 00 00 00 b0 48 ad | .......|.:....H.|
|00005100| 05 ff ff 08 00 83 00 04 | ff 05 00 01 81 00 03 00 |........|........|
|00005110| 07 02 03 00 01 00 20 be | 00 0a 00 82 00 04 00 21 |...... .|.......!|
|00005120| 00 21 00 05 00 04 02 25 | 00 83 00 01 00 1c 00 1d |.!.....%|........|
|00005130| 00 47 72 6f 77 74 68 20 | 52 61 74 65 20 69 6e 20 |.Growth |Rate in |
|00005140| 53 74 61 62 6c 65 20 50 | 68 61 73 65 20 3d 06 00 |Stable P|hase =..|
|00005150| 1a 00 83 00 04 00 28 00 | b8 1e 85 eb 51 b8 ae 3f |......(.|....Q..?|
|00005160| 00 00 85 00 04 ff 04 00 | 44 40 c0 04 01 02 06 00 |........|D@......|
|00005170| 83 00 05 00 21 00 04 02 | 1e 00 84 00 01 00 1c 00 |....!...|........|
|00005180| 16 00 46 43 46 45 20 69 | 6e 20 53 74 61 62 6c 65 |..FCFE i|n Stable|
|00005190| 20 50 68 61 73 65 20 3d | 06 00 1a 00 84 00 04 00 | Phase =|........|
|000051a0| 25 00 0d d2 cb 96 97 fc | 20 40 00 00 7f 00 0d ff |%.......| @......|
|000051b0| 04 00 44 80 c0 0d 01 02 | 06 00 84 00 05 00 21 00 |..D.....|......!.|
|000051c0| 04 02 28 00 85 00 01 00 | 1c 00 20 00 43 6f 73 74 |..(.....|.. .Cost|
|000051d0| 20 6f 66 20 45 71 75 69 | 74 79 20 69 6e 20 53 74 | of Equi|ty in St|
|000051e0| 61 62 6c 65 20 50 68 61 | 73 65 20 3d 06 00 4b 00 |able Pha|se =..K.|
|000051f0| 85 00 04 00 28 00 4e 62 | 10 58 39 b4 c0 3f 00 00 |....(.Nb|.X9..?..|
|00005200| 86 00 04 ff 35 00 44 43 | c0 04 17 02 4e 6f 0b 19 |....5.DC|....No..|
|00005210| 02 12 00 44 22 c0 03 44 | 21 c0 03 44 23 c0 03 05 |...D"..D|!..D#...|
|00005220| 03 19 08 15 00 44 22 c0 | 03 44 44 c0 04 44 23 c0 |.....D".|.DD..D#.|
|00005230| 03 05 03 19 08 03 00 42 | 03 01 00 01 02 06 00 85 |.......B|........|
|00005240| 00 05 00 21 00 04 02 2a | 00 86 00 01 00 1e 00 22 |...!...*|......."|
|00005250| 00 50 72 69 63 65 20 61 | 74 20 74 68 65 20 65 6e |.Price a|t the en|
|00005260| 64 20 6f 66 20 67 72 6f | 77 74 68 20 70 68 61 73 |d of gro|wth phas|
|00005270| 65 20 3d 06 00 25 00 86 | 00 04 00 3b 00 33 14 00 |e =..%..|...;.3..|
|00005280| 0f 45 1e 5e 40 00 00 88 | 00 05 ff 0f 00 44 84 c0 |.E.^@...|.....D..|
|00005290| 04 44 85 c0 04 44 83 c0 | 04 04 15 06 01 02 06 00 |.D...D..|........|
|000052a0| 86 00 05 00 2f 00 be 00 | 0a 00 87 00 04 00 21 00 |..../...|......!.|
|000052b0| 21 00 05 00 04 02 34 00 | 88 00 01 00 1e 00 2c 00 |!.....4.|......,.|
|000052c0| 50 72 65 73 65 6e 74 20 | 56 61 6c 75 65 20 6f 66 |Present |Value of|
|000052d0| 20 46 43 46 45 20 69 6e | 20 68 69 67 68 20 67 72 | FCFE in| high gr|
|000052e0| 6f 77 74 68 20 70 68 61 | 73 65 20 3d be 00 0c 00 |owth pha|se =....|
|000052f0| 88 00 02 00 1e 00 1e 00 | 2f 00 04 00 06 00 21 00 |........|/.....!.|
|00005300| 88 00 05 00 3b 00 ab be | 70 ed a2 06 20 40 00 00 |....;...|p... @..|
|00005310| 89 00 05 ff 0b 00 25 81 | c0 81 c0 03 0c 19 10 4a |......%.|.......J|
|00005320| 75 04 02 29 00 89 00 01 | 00 1e 00 21 00 50 72 65 |u..)....|...!.Pre|
|00005330| 73 65 6e 74 20 56 61 6c | 75 65 20 6f 66 20 54 65 |sent Val|ue of Te|
|00005340| 72 6d 69 6e 61 6c 20 50 | 72 69 63 65 20 3d be 00 |rminal P|rice =..|
|00005350| 0c 00 89 00 02 00 1e 00 | 1e 00 2f 00 04 00 06 00 |........|../.....|
|00005360| 29 00 89 00 05 00 3b 00 | 85 29 96 41 76 14 4f 40 |).....;.|.).Av.O@|
|00005370| 00 00 8a 00 05 ff 13 00 | 44 86 c0 04 1e 01 00 44 |........|D......D|
|00005380| 63 c0 03 03 15 44 1c c0 | 04 07 06 04 02 1c 00 8a |c....D..|........|
|00005390| 00 01 00 1e 00 14 00 56 | 61 6c 75 65 20 6f 66 20 |.......V|alue of |
|000053a0| 74 68 65 20 73 74 6f 63 | 6b 20 3d be 00 0c 00 8a |the stoc|k =.....|
|000053b0| 00 02 00 1e 00 1e 00 2f | 00 04 00 06 00 1f 00 8a |......./|........|
|000053c0| 00 05 00 3b 00 98 2c 79 | 7e 0f 8b 51 40 00 00 8e |...;..,y|~..Q@...|
|000053d0| 00 04 ff 09 00 44 88 c0 | 05 44 89 c0 05 03 be 00 |.....D..|.D......|
|000053e0| 0a 00 8b 00 04 00 21 00 | 21 00 05 00 be 00 0a 00 |......!.|!.......|
|000053f0| 8c 00 04 00 21 00 21 00 | 05 00 04 02 26 00 8d 00 |....!.!.|....&...|
|00005400| 01 00 1e 00 1e 00 45 73 | 74 69 6d 61 74 69 6e 67 |......Es|timating|
|00005410| 20 74 68 65 20 76 61 6c | 75 65 20 6f 66 20 67 72 | the val|ue of gr|
|00005420| 6f 77 74 68 be 00 0a 00 | 8d 00 04 00 21 00 21 00 |owth....|....!.!.|
|00005430| 05 00 04 02 22 00 8e 00 | 01 00 1c 00 1a 00 56 61 |...."...|......Va|
|00005440| 6c 75 65 20 6f 66 20 61 | 73 73 65 74 73 20 69 6e |lue of a|ssets in|
|00005450| 20 70 6c 61 63 65 20 3d | 06 00 1f 00 8e 00 04 00 | place =|........|
|00005460| 25 00 3f 38 86 0b 9f e3 | 23 40 00 00 8f 00 04 ff |%.?8....|#@......|
|00005470| 09 00 44 6b c0 04 44 85 | c0 04 06 01 02 06 00 8e |..Dk..D.|........|
|00005480| 00 05 00 21 00 04 02 20 | 00 8f 00 01 00 1c 00 18 |...!... |........|
|00005490| 00 56 61 6c 75 65 20 6f | 66 20 73 74 61 62 6c 65 |.Value o|f stable|
|000054a0| 20 67 72 6f 77 74 68 20 | 3d 06 00 34 00 8f 00 04 | growth |=..4....|
|000054b0| 00 25 00 59 d7 dd 26 ca | 22 23 40 00 00 90 00 04 |.%.Y..&.|"#@.....|
|000054c0| ff 1e 00 44 6b c0 04 1e | 01 00 44 83 c0 04 03 15 |...Dk...|..D.....|
|000054d0| 05 44 85 c0 04 44 83 c0 | 04 04 15 06 44 8e c0 04 |.D...D..|....D...|
|000054e0| 04 01 02 06 00 8f 00 05 | 00 21 00 04 02 27 00 90 |........|.!...'..|
|000054f0| 00 01 00 1c 00 1f 00 56 | 61 6c 75 65 20 6f 66 20 |.......V|alue of |
|00005500| 65 78 74 72 61 6f 72 64 | 69 6e 61 72 79 20 67 72 |extraord|inary gr|
|00005510| 6f 77 74 68 20 3d 06 00 | 24 00 90 00 04 00 25 00 |owth =..|$.....%.|
|00005520| 4a 55 59 b0 84 54 49 40 | 00 00 91 00 04 ff 0e 00 |JUY..TI@|........|
|00005530| 44 8a c0 05 44 8f c0 04 | 04 44 8e c0 04 04 01 02 |D...D...|.D......|
|00005540| 06 00 90 00 05 00 21 00 | 04 02 1c 00 91 00 01 00 |......!.|........|
|00005550| 1c 00 14 00 56 61 6c 75 | 65 20 6f 66 20 74 68 65 |....Valu|e of the|
|00005560| 20 73 74 6f 63 6b 20 3d | 06 00 21 00 91 00 04 00 | stock =|..!.....|
|00005570| 25 00 98 2c 79 7e 0f 8b | 51 40 00 00 74 20 65 fd |%..,y~..|Q@..t e.|
|00005580| 0b 00 25 8e c0 90 c0 04 | 04 19 10 c2 3f 01 02 06 |..%.....|....?...|
|00005590| 00 91 00 05 00 21 00 d7 | 00 28 00 87 09 00 00 54 |.....!..|.(.....T|
|000055a0| 01 e6 01 b9 01 0e 00 51 | 00 4a 00 85 00 61 00 0e |.......Q|.J...a..|
|000055b0| 00 6d 00 6a 00 53 00 0e | 00 0e 00 38 00 53 00 66 |.m.j.S..|...8.S.f|
|000055c0| 00 5d 00 3d 00 12 00 ec | ff ec ff c4 31 68 1f 38 |.].=....|....1h.8|
|000055d0| 00 00 00 00 00 01 00 58 | 02 3e 02 0a 00 b4 06 54 |.......X|.>.....T|
|000055e0| 00 00 00 00 00 00 00 1d | 00 0f 00 03 07 00 05 00 |........|........|
|000055f0| 00 00 01 00 07 00 07 00 | 05 05 ab 00 22 00 20 00 |........|....". .|
|00005600| 00 ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005610| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005620| 0a 00 00 00 30 30 2d 30 | 30 30 30 2d 43 30 30 30 |....00-0|000-C000|
|00005630| 2d 30 30 30 30 30 30 30 | 30 30 30 34 36 7d 00 00 |-0000000|00046}..|
|00005640| 00 01 00 00 00 00 00 07 | 00 03 00 08 00 04 56 65 |........|......Ve|
|00005650| 72 73 69 6f 6e 00 38 2e | 30 00 00 00 00 5e 00 0b |rsion.8.|0....^..|
|00005660| 00 10 00 00 00 5e 00 26 | 00 01 00 00 00 00 00 26 |.....^.&|.......&|
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|00005690| 30 30 30 30 30 34 36 7d | 00 00 00 01 00 00 00 00 |0000046}|........|
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|000056b0| 6f 6e 74 65 6e 74 73 00 | 00 00 00 5c 00 0b 00 11 |ontents.|...\....|
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|000057e0| 6f 72 69 74 69 65 73 00 | 00 00 00 5c 00 0b 00 14 |orities.|...\....|
|000057f0| 00 00 00 5c 00 0e 00 01 | 00 00 00 00 00 0e 00 00 |...\....|........|
|00005800| 01 00 00 00 02 00 00 00 | 03 00 00 00 04 00 00 00 |........|........|
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|00005830| 0d 00 00 00 0e 00 00 00 | 0f 00 00 00 10 00 00 00 |........|........|
|00005840| 11 00 00 00 12 00 00 00 | 13 00 00 00 14 00 00 00 |........|........|
|00005850| 15 00 00 00 16 00 00 00 | 17 00 00 00 18 00 00 00 |........|........|
|00005860| 19 00 00 00 1a 00 00 00 | 1b 00 00 00 fe ff ff ff |........|........|
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|00005880| fe ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005890| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058c0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000058f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005900| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005910| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005920| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005930| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005940| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005950| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005960| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005970| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005980| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005990| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059c0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059d0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059e0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000059f0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00005a00| fe ff 00 00 03 0a 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|00005a10| 00 00 00 00 00 00 00 00 | 01 00 00 00 e0 85 9f f2 |........|........|
|00005a20| f9 4f 68 10 ab 91 08 00 | 2b 27 b3 d9 30 00 00 00 |.Oh.....|+'..0...|
|00005a30| b8 06 00 00 06 00 00 00 | 01 00 00 00 38 00 00 00 |........|....8...|
|00005a40| 04 00 00 00 40 00 00 00 | 08 00 00 00 5c 00 00 00 |....@...|....\...|
|00005a50| 0c 00 00 00 78 00 00 00 | 13 00 00 00 84 00 00 00 |....x...|........|
|00005a60| 11 00 00 00 8c 00 00 00 | 02 00 00 00 10 27 00 00 |........|.....'..|
|00005a70| 1e 00 00 00 11 00 00 00 | 41 73 77 61 74 68 20 44 |........|Aswath D|
|00005a80| 61 6d 6f 64 61 72 61 6e | 00 36 00 37 1e 00 00 00 |amodaran|.6.7....|
|00005a90| 11 00 00 00 41 73 77 61 | 74 68 20 44 61 6d 6f 64 |....Aswa|th Damod|
|00005aa0| 61 72 61 6e 00 36 00 37 | 40 00 00 00 00 37 01 51 |aran.6.7|@....7.Q|
|00005ab0| 76 a5 bd 01 03 00 00 00 | 00 00 00 00 47 00 00 00 |v.......|....G...|
|00005ac0| 22 06 00 00 fe ff ff ff | 50 49 43 54 06 1a 00 00 |".......|PICT....|
|00005ad0| 00 00 00 d6 01 3c 00 11 | 02 ff 0c 00 ff fe 00 00 |.....<..|........|
|00005ae0| 00 48 00 00 00 48 00 00 | 00 00 00 00 00 d6 01 3c |.H...H..|.......<|
|00005af0| 00 00 00 00 00 1a 88 88 | 88 88 88 88 00 1b 88 88 |........|........|
|00005b00| 88 88 88 88 00 01 00 0a | 00 01 00 01 00 d6 01 3c |........|.......<|
|00005b10| 00 20 00 01 00 1d 00 d5 | 00 1d 00 22 00 21 00 01 |. ......|...".!..|
|00005b20| 1c 00 00 22 00 35 00 01 | 1c 00 00 22 00 49 00 01 |...".5..|...".I..|
|00005b30| 1c 00 00 22 00 5d 00 01 | 1c 00 00 22 00 71 00 01 |...".]..|...".q..|
|00005b40| 1c 00 00 22 00 85 00 01 | 1c 00 00 22 00 99 00 01 |..."....|..."....|
|00005b50| 1c 00 00 22 00 ad 00 01 | 1c 00 00 22 00 c1 00 01 |..."....|..."....|
|00005b60| 1c 00 00 22 00 d5 00 01 | 1c 00 00 20 00 0d 00 01 |..."....|... ....|
|00005b70| 00 0d 01 3b 00 22 00 01 | 00 30 00 0c 00 22 00 01 |...;."..|.0..."..|
|00005b80| 00 89 00 0c 00 22 00 01 | 00 e2 00 0c 00 22 00 01 |....."..|....."..|
|00005b90| 01 3b 00 0c 00 1a cc cc | cc cc cc cc 00 1b cc cc |.;......|........|
|00005ba0| cc cc cc cc 00 31 00 02 | 00 02 00 0e 00 1e 00 1a |.....1..|........|
|00005bb0| ff ff ff ff ff ff 00 1b | ff ff ff ff ff ff 00 22 |........|......."|
|00005bc0| 00 01 00 01 1c 00 00 22 | 00 02 00 01 00 0b 00 1a |......."|........|
|00005bd0| 88 88 88 88 88 88 00 1b | 88 88 88 88 88 88 00 23 |........|.......#|
|00005be0| 1c 00 00 22 00 01 00 1d | 00 0b 00 1a 00 00 00 00 |..."....|........|
|00005bf0| 00 00 00 1b cc cc cc cc | cc cc 00 2c 00 09 00 03 |........|...,....|
|00005c00| 06 47 65 6e 65 76 61 00 | 00 03 00 03 00 0d 00 0a |.Geneva.|........|
|00005c10| 00 2e 00 04 00 00 00 00 | 00 2b 0c 1d 01 31 00 1a |........|.+...1..|
|00005c20| ff ff ff ff ff ff 00 1b | ff ff ff ff ff ff 00 22 |........|......."|
|00005c30| 00 0e 00 01 1b 00 00 1a | 00 00 00 00 00 00 00 1b |........|........|
|00005c40| cc cc cc cc cc cc 00 2a | 13 01 32 00 00 1a ff ff |.......*|..2.....|
|00005c50| ff ff ff ff 00 1b ff ff | ff ff ff ff 00 22 00 22 |........|....."."|
|00005c60| 00 01 1b 00 00 1a 00 00 | 00 00 00 00 00 1b cc cc |........|........|
|00005c70| cc cc cc cc 00 2a 16 01 | 33 00 00 1a ff ff ff ff |.....*..|3.......|
|00005c80| ff ff 00 1b ff ff ff ff | ff ff 00 22 00 36 00 01 |........|...".6..|
|00005c90| 1b 00 00 1a 00 00 00 00 | 00 00 00 1b cc cc cc cc |........|........|
|00005ca0| cc cc 00 2a 13 01 34 00 | 00 1a ff ff ff ff ff ff |...*..4.|........|
|00005cb0| 00 1b ff ff ff ff ff ff | 00 22 00 4a 00 01 1b 00 |........|.".J....|
|00005cc0| 00 1a 00 00 00 00 00 00 | 00 1b cc cc cc cc cc cc |........|........|
|00005cd0| 00 2a 16 01 35 00 00 1a | ff ff ff ff ff ff 00 1b |.*..5...|........|
|00005ce0| ff ff ff ff ff ff 00 22 | 00 5e 00 01 1b 00 00 1a |......."|.^......|
|00005cf0| 00 00 00 00 00 00 00 1b | cc cc cc cc cc cc 00 2a |........|.......*|
|00005d00| 14 01 36 00 00 1a ff ff | ff ff ff ff 00 1b ff ff |..6.....|........|
|00005d10| ff ff ff ff 00 22 00 72 | 00 01 1b 00 00 1a 00 00 |.....".r|........|
|00005d20| 00 00 00 00 00 1b cc cc | cc cc cc cc 00 2a 14 01 |........|.....*..|
|00005d30| 37 00 00 1a ff ff ff ff | ff ff 00 1b ff ff ff ff |7.......|........|
|00005d40| ff ff 00 22 00 86 00 01 | 1b 00 00 1a 00 00 00 00 |..."....|........|
|00005d50| 00 00 00 1b cc cc cc cc | cc cc 00 2a 14 01 38 00 |........|...*..8.|
|00005d60| 00 1a ff ff ff ff ff ff | 00 1b ff ff ff ff ff ff |........|........|
|00005d70| 00 22 00 9a 00 01 1b 00 | 00 1a 00 00 00 00 00 00 |."......|........|
|00005d80| 00 1b cc cc cc cc cc cc | 00 2a 14 01 39 00 00 1a |........|.*..9...|
|00005d90| ff ff ff ff ff ff 00 1b | ff ff ff ff ff ff 00 22 |........|......."|
|00005da0| 00 ae 00 01 1b 00 00 1a | 00 00 00 00 00 00 00 1b |........|........|
|00005db0| cc cc cc cc cc cc 00 28 | 00 d3 00 08 02 31 30 00 |.......(|.....10.|
|00005dc0| 00 1a ff ff ff ff ff ff | 00 1b ff ff ff ff ff ff |........|........|
|00005dd0| 00 22 00 c2 00 01 1b 00 | 00 1a 00 00 00 00 00 00 |."......|........|
|00005de0| 00 1b cc cc cc cc cc cc | 00 28 00 0b 00 24 01 41 |........|.(...$.A|
|00005df0| 00 1a ff ff ff ff ff ff | 00 1b ff ff ff ff ff ff |........|........|
|00005e00| 00 22 00 01 00 1e 00 0b | 00 1a 00 00 00 00 00 00 |."......|........|
|00005e10| 00 1b cc cc cc cc cc cc | 00 29 36 01 42 00 00 1a |........|.)6.B...|
|00005e20| ff ff ff ff ff ff 00 1b | ff ff ff ff ff ff 00 22 |........|......."|
|00005e30| 00 01 00 31 00 0b 00 1a | 00 00 00 00 00 00 00 1b |...1....|........|
|00005e40| cc cc cc cc cc cc 00 29 | 59 01 43 00 00 1a ff ff |.......)|Y.C.....|
|00005e50| ff ff ff ff 00 1b ff ff | ff ff ff ff 00 22 00 01 |........|....."..|
|00005e60| 00 8a 00 0b 00 1a 00 00 | 00 00 00 00 00 1b cc cc |........|........|
|00005e70| cc cc cc cc 00 29 59 01 | 44 00 00 1a ff ff ff ff |.....)Y.|D.......|
|00005e80| ff ff 00 1b ff ff ff ff | ff ff 00 22 00 01 00 e3 |........|..."....|
|00005e90| 00 0b 00 1a 00 00 00 00 | 00 00 00 01 00 0a 00 0e |........|........|
|00005ea0| 00 1e 00 d6 01 3c 00 2c | 00 08 00 14 05 54 69 6d |.....<.,|.....Tim|
|00005eb0| 65 73 00 03 00 14 00 0d | 00 12 00 2b 05 12 1d 54 |es......|...+...T|
|00005ec0| 77 6f 2d 53 74 61 67 65 | 20 46 43 46 45 20 44 69 |wo-Stage| FCFE Di|
|00005ed0| 73 63 6f 75 6e 74 20 4d | 6f 64 65 6c 00 0d 00 0e |scount M|odel....|
|00005ee0| 00 28 00 46 00 90 5b 54 | 68 69 73 20 6d 6f 64 65 |.(.F..[T|his mode|
|00005ef0| 6c 20 69 73 20 64 65 73 | 69 67 6e 65 64 20 74 6f |l is des|igned to|
|00005f00| 20 76 61 6c 75 65 20 74 | 68 65 20 65 71 75 69 74 | value t|he equit|
|00005f10| 79 20 69 6e 20 61 20 66 | 69 72 6d 2c 20 77 69 74 |y in a f|irm, wit|
|00005f20| 68 20 74 77 6f 20 73 74 | 61 67 65 73 20 6f 66 20 |h two st|ages of |
|00005f30| 67 72 6f 77 74 68 2c 20 | 61 6e 20 69 6e 69 74 69 |growth, |an initi|
|00005f40| 61 6c 00 2b 40 13 41 70 | 65 72 69 6f 64 20 6f 66 |al.+@.Ap|eriod of|
|00005f50| 20 68 69 67 68 65 72 20 | 67 72 6f 77 74 68 20 61 | higher |growth a|
|00005f60| 6e 64 20 61 20 73 75 62 | 73 65 71 75 65 6e 74 20 |nd a sub|sequent |
|00005f70| 70 65 72 69 6f 64 20 6f | 66 20 73 74 61 62 6c 65 |period o|f stable|
|00005f80| 20 67 72 6f 77 74 68 2e | 00 04 01 00 00 0d 00 0a | growth.|........|
|00005f90| 00 28 00 83 00 33 0b 41 | 73 73 75 6d 70 74 69 6f |.(...3.A|ssumptio|
|00005fa0| 6e 73 00 04 00 00 00 2a | 14 4c 31 2e 20 54 68 65 |ns.....*|.L1. The|
|00005fb0| 20 66 69 72 6d 20 69 73 | 20 65 78 70 65 63 74 65 | firm is| expecte|
|00005fc0| 64 20 74 6f 20 67 72 6f | 77 20 61 74 20 61 20 68 |d to gro|w at a h|
|00005fd0| 69 67 68 65 72 20 67 72 | 6f 77 74 68 20 72 61 74 |igher gr|owth rat|
|00005fe0| 65 20 69 6e 20 74 68 65 | 20 66 69 72 73 74 20 70 |e in the| first p|
|00005ff0| 65 72 69 6f 64 2e 00 2a | 14 56 32 2e 20 54 68 65 |eriod..*|.V2. The|
|00006000| 20 67 72 6f 77 74 68 20 | 72 61 74 65 20 77 69 6c | growth |rate wil|
|00006010| 6c 20 64 72 6f 70 20 61 | 74 20 74 68 65 20 65 6e |l drop a|t the en|
|00006020| 64 20 6f 66 20 74 68 65 | 20 66 69 72 73 74 20 70 |d of the| first p|
|00006030| 65 72 69 6f 64 20 74 6f | 20 74 68 65 20 73 74 61 |eriod to| the sta|
|00006040| 62 6c 65 20 67 72 6f 77 | 74 68 20 72 61 74 65 2e |ble grow|th rate.|
|00006050| 00 2a 14 5c 33 2e 20 54 | 68 65 20 66 72 65 65 20 |.*.\3. T|he free |
|00006060| 63 61 73 68 66 6c 6f 77 | 20 74 6f 20 65 71 75 69 |cashflow| to equi|
|00006070| 74 79 20 69 73 20 74 68 | 65 20 63 6f 72 72 65 63 |ty is th|e correc|
|00006080| 74 20 6d 65 61 73 75 72 | 65 20 6f 66 20 65 78 70 |t measur|e of exp|
|00006090| 65 63 74 65 64 20 63 61 | 73 68 66 6c 6f 77 73 20 |ected ca|shflows |
|000060a0| 74 6f 20 73 74 6f 63 6b | 68 6f 6c 64 65 72 73 2e |to stock|holders.|
|000060b0| 00 01 00 0a 00 00 00 00 | 00 d6 01 3c 00 31 00 34 |........|...<.1.4|
|000060c0| 00 89 00 36 01 3d 00 31 | 00 5c 00 89 00 5e 01 3d |...6.=.1|.\...^.=|
|000060d0| 00 20 00 00 00 00 00 00 | 01 3b 00 20 00 00 00 00 |. ......|.;. ....|
|000060e0| 00 d5 00 00 00 ff 00 47 | 30 30 32 30 39 37 35 2d |.......G|0020975-|
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|00006100| fe ff 00 00 03 0a 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|00006110| 00 00 00 00 00 00 00 00 | 01 00 00 00 02 d5 cd d5 |........|........|
|00006120| 9c 2e 1b 10 93 97 08 00 | 2b 2c f9 ae 30 00 00 00 |........|+,..0...|
|00006130| 88 00 00 00 05 00 00 00 | 01 00 00 00 30 00 00 00 |........|....0...|
|00006140| 0b 00 00 00 38 00 00 00 | 10 00 00 00 40 00 00 00 |....8...|....@...|
|00006150| 0d 00 00 00 48 00 00 00 | 0c 00 00 00 62 00 00 00 |....H...|....b...|
|00006160| 02 00 00 00 10 27 00 00 | 0b 00 00 00 00 00 00 00 |.....'..|........|
|00006170| 0b 00 00 00 00 00 00 00 | 1e 10 00 00 01 00 00 00 |........|........|
|00006180| 0e 00 00 00 4e 65 77 46 | 43 46 45 32 53 74 61 67 |....NewF|CFE2Stag|
|00006190| 65 00 0c 10 00 00 02 00 | 00 00 1e 00 00 00 0b 00 |e.......|........|
|000061a0| 00 00 57 6f 72 6b 73 68 | 65 65 74 73 00 03 00 00 |..Worksh|eets....|
|000061b0| 00 01 00 00 00 00 00 00 | 39 30 35 2d 30 30 30 30 |........|905-0000|
|000061c0| 01 00 fe ff 02 00 01 00 | ff ff ff ff 10 08 02 00 |........|........|
|000061d0| 00 00 00 00 c0 00 00 00 | 00 00 00 46 1a 00 00 00 |........|...F....|
|000061e0| 4d 69 63 72 6f 73 6f 66 | 74 20 45 78 63 65 6c 20 |Microsof|t Excel |
|000061f0| 57 6f 72 6b 73 68 65 65 | 74 00 fe ff ff ff 38 46 |Workshee|t.....8F|
|00006200| 01 00 43 00 6f 00 6d 00 | 70 00 4f 00 62 00 6a 00 |..C.o.m.|p.O.b.j.|
|00006210| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00006220| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00006270| 00 00 00 00 1f 00 00 00 | 58 00 00 00 00 00 00 00 |........|X.......|
|00006280| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00006290| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000062a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000062b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000062c0| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000062d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000062e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000062f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00006330| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00006340| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00006350| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00006370| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
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|00006390| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000063a0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000063b0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000063c0| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000063d0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000063e0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|000063f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
+--------+-------------------------+-------------------------+--------+--------+
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