home *** CD-ROM | disk | FTP | other *** search
open in:
MacOS 8.1
|
Win98
|
DOS
browse contents |
view JSON data
|
view as text
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, Name of Creating Application: Microsoft Excel, Create Time/Date: Thu Jul 2 15:37:37 1998, Security: 0
| default
| |
99%
| file
| OLE 2 Compound Document, v3.62, SecID 0x1, Mini FAT start sector 0x1c : 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 1c 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 1e 00 00 00 | 03 00 00 00 04 00 00 00 |........|........|
|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 fe ff ff ff |........|........|
|00000270| fe ff ff ff 1f 00 00 00 | fe ff ff ff fe ff ff ff |........|........|
|00000280| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00000290| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002a0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002b0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|000002c0| ff ff ff ff ff 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 00 78 b6 f3 |........|.....x..|
|00000470| da ec be 01 1d 00 00 00 | 80 02 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 | 13 32 00 00 00 00 00 00 |........|.2......|
|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 | d4 00 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 04 00 00 00 | d4 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 | a0 00 28 00 c0 26 08 16 |....=...|..(..&..|
|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 f0 |.....Gen|eva1....|
|00000770| 00 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 f0 00 01 00 ff 7f bc |s Rmn1..|........|
|00000790| 02 00 00 00 00 00 00 07 | 54 6d 73 20 52 6d 6e 31 |........|Tms Rmn1|
|000007a0| 00 16 00 c8 00 03 00 ff | 7f bc 02 00 00 00 00 00 |........|........|
|000007b0| 00 07 54 6d 73 20 52 6d | 6e 31 00 16 00 c8 00 00 |..Tms Rm|n1......|
|000007c0| 00 ff 7f 90 01 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 01 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 20 08 c0 |........|..... ..|
|00000b00| 20 00 00 00 00 00 00 e0 | 00 10 00 06 00 00 00 01 | .......|........|
|00000b10| 00 26 18 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 06 00 08 00 11 | 01 22 38 c0 20 00 00 8e |........|."8. ...|
|00000b40| 81 40 20 e0 00 10 00 06 | 00 08 00 11 01 22 38 c0 |.@ .....|....."8.|
|00000b50| 20 00 00 88 01 40 20 e0 | 00 10 00 06 00 0a 00 01 | ....@ .|........|
|00000b60| 00 22 3c c0 20 80 81 88 | 01 40 20 e0 00 10 00 08 |."<. ...|.@ .....|
|00000b70| 00 00 00 01 00 20 08 c0 | 20 00 00 00 00 00 00 e0 |..... ..| .......|
|00000b80| 00 10 00 09 00 00 00 01 | 00 20 08 c0 20 00 00 00 |........|. .. ...|
|00000b90| 00 00 00 e0 00 10 00 0a | 00 00 00 01 00 20 08 c0 |........|..... ..|
|00000ba0| 20 00 00 00 00 00 00 e0 | 00 10 00 09 00 08 00 11 | .......|........|
|00000bb0| 01 22 38 c0 20 40 80 49 | 80 40 20 e0 00 10 00 09 |."8. @.I|.@ .....|
|00000bc0| 00 0a 00 11 01 22 3c c0 | 20 40 80 49 80 40 20 e0 |....."<.| @.I.@ .|
|00000bd0| 00 10 00 09 00 0a 00 01 | 00 22 3c c0 20 40 80 49 |........|."<. @.I|
|00000be0| 80 40 20 e0 00 10 00 09 | 00 0a 00 01 00 22 1c c0 |.@ .....|....."..|
|00000bf0| 20 00 00 00 00 00 00 e0 | 00 10 00 09 00 02 00 01 | .......|........|
|00000c00| 00 22 3c c0 20 40 80 49 | 80 40 20 e0 00 10 00 09 |."<. @.I|.@ .....|
|00000c10| 00 00 00 01 00 22 18 c0 | 20 00 00 00 00 00 00 e0 |....."..| .......|
|00000c20| 00 10 00 09 00 00 00 01 | 00 22 38 c0 20 40 80 49 |........|."8. @.I|
|00000c30| 80 40 20 e0 00 10 00 09 | 00 00 00 01 00 20 18 c0 |.@ .....|..... ..|
|00000c40| 20 00 00 00 00 00 00 e0 | 00 10 00 09 00 0a 00 01 | .......|........|
|00000c50| 00 22 bc c0 20 40 80 49 | 80 40 20 e0 00 10 00 0a |.".. @.I|.@ .....|
|00000c60| 00 00 00 01 00 21 18 c0 | 20 00 00 00 00 00 00 e0 |.....!..| .......|
|00000c70| 00 10 00 0a 00 00 00 01 | 00 22 18 c0 20 00 00 00 |........|.".. ...|
|00000c80| 00 00 00 e0 00 10 00 0b | 00 08 00 11 01 22 38 c0 |........|....."8.|
|00000c90| 20 40 80 49 80 40 20 e0 | 00 10 00 0b 00 09 00 01 | @.I.@ .|........|
|00000ca0| 00 22 3c c0 20 40 80 49 | 80 40 20 e0 00 10 00 0b |."<. @.I|.@ .....|
|00000cb0| 00 0a 00 01 00 22 3c c0 | 20 40 80 49 80 40 20 e0 |....."<.| @.I.@ .|
|00000cc0| 00 10 00 0b 00 02 00 01 | 00 22 3c c0 20 40 80 49 |........|."<. @.I|
|00000cd0| 80 40 20 e0 00 10 00 09 | 00 00 00 01 00 21 18 c0 |.@ .....|.....!..|
|00000ce0| 20 00 00 00 00 00 00 e0 | 00 10 00 0a 00 00 00 01 | .......|........|
|00000cf0| 00 22 38 c0 20 00 00 49 | 80 40 20 e0 00 10 00 09 |."8. ..I|.@ .....|
|00000d00| 00 00 00 01 00 22 38 c0 | 20 00 00 48 00 40 20 e0 |....."8.| ..H.@ .|
|00000d10| 00 10 00 09 00 07 00 01 | 00 22 3c c0 20 00 00 48 |........|."<. ..H|
|00000d20| 00 40 20 e0 00 10 00 09 | 00 00 00 01 00 22 38 c0 |.@ .....|....."8.|
|00000d30| 20 40 80 48 00 40 20 e0 | 00 10 00 09 00 07 00 01 | @.H.@ .|........|
|00000d40| 00 22 3c c0 20 40 80 48 | 00 40 20 e0 00 10 00 09 |."<. @.H|.@ .....|
|00000d50| 00 08 00 11 01 22 38 c0 | 20 40 80 48 00 40 20 e0 |....."8.| @.H.@ .|
|00000d60| 00 10 00 0b 00 00 00 01 | 00 22 18 c0 20 00 00 00 |........|.".. ...|
|00000d70| 00 00 00 e0 00 10 00 09 | 00 00 00 01 00 21 38 c0 |........|.....!8.|
|00000d80| 20 00 00 36 80 40 00 e0 | 00 10 00 09 00 00 00 01 | ..6.@..|........|
|00000d90| 00 22 38 c0 20 00 00 06 | 80 00 00 e0 00 10 00 09 |."8. ...|........|
|00000da0| 00 00 00 01 00 22 38 c0 | 20 00 00 00 00 00 00 e0 |....."8.| .......|
|00000db0| 00 10 00 09 00 00 00 01 | 00 21 38 c0 20 00 00 30 |........|.!8. ..0|
|00000dc0| 00 40 00 e0 00 10 00 09 | 00 00 00 01 00 21 38 c0 |.@......|.....!8.|
|00000dd0| 20 80 81 30 00 40 00 e0 | 00 10 00 09 00 00 00 01 | ..0.@..|........|
|00000de0| 00 22 38 c0 20 80 81 00 | 00 00 00 e0 00 10 00 0b |."8. ...|........|
|00000df0| 00 00 00 01 00 20 08 c0 | 20 00 00 00 00 00 00 93 |..... ..| .......|
|00000e00| 02 04 00 10 80 03 ff 93 | 02 04 00 11 90 04 ff 93 |........|........|
|00000e10| 02 04 00 00 90 00 ff 93 | 02 04 00 12 80 05 ff 92 |........|........|
|00000e20| 00 e2 00 38 00 00 00 00 | 00 ff ff ff 00 dd 08 06 |...8....|........|
|00000e30| 00 1f b7 14 00 00 00 d4 | 00 fc f3 05 00 f2 08 84 |........|........|
|00000e40| 00 00 ab ea 00 90 00 00 | 00 00 64 11 00 00 00 90 |........|..d.....|
|00000e50| 00 90 71 3a 00 46 00 a5 | 00 00 80 80 00 c0 c0 c0 |..q:.F..|........|
|00000e60| 00 80 80 80 00 99 99 ff | 00 99 33 66 00 ff ff cc |........|..3f....|
|00000e70| 00 cc ff ff 00 66 00 66 | 00 ff 80 80 00 00 66 cc |.....f.f|......f.|
|00000e80| 00 cc cc ff 00 00 00 80 | 00 ff 00 ff 00 ff ff 00 |........|........|
|00000e90| 00 00 ff ff 00 80 00 80 | 00 80 00 00 00 00 80 80 |........|........|
|00000ea0| 00 00 00 ff 00 00 cc ff | 00 cc ff ff 00 cc ff cc |........|........|
|00000eb0| 00 ff ff 99 00 99 cc ff | 00 ff 99 cc 00 cc 99 ff |........|........|
|00000ec0| 00 e3 e3 e3 00 33 66 ff | 00 33 cc cc 00 99 cc 00 |.....3f.|.3......|
|00000ed0| 00 ff cc 00 00 ff 99 00 | 00 ff 66 00 00 66 66 99 |........|..f..ff.|
|00000ee0| 00 96 96 96 00 00 33 66 | 00 33 99 66 00 00 33 00 |......3f|.3.f..3.|
|00000ef0| 00 33 33 00 00 99 33 00 | 00 99 33 66 00 33 33 99 |.33...3.|..3f.33.|
|00000f00| 00 33 33 33 00 85 00 12 | 00 1f 09 00 00 00 00 0b |.333....|........|
|00000f10| 73 79 6e 65 72 67 79 2e | 78 6c 73 0a 00 00 00 09 |synergy.|xls.....|
|00000f20| 08 08 00 00 06 10 00 ee | 17 cc 07 0b 02 18 00 00 |........|........|
|00000f30| 00 00 00 00 00 53 00 93 | 0a 00 00 ac 13 00 00 30 |.....S..|.......0|
|00000f40| 28 00 00 84 31 00 00 0d | 00 02 00 01 00 0c 00 02 |(...1...|........|
|00000f50| 00 64 00 0f 00 02 00 01 | 00 11 00 02 00 00 00 10 |.d......|........|
|00000f60| 00 08 00 fc a9 f1 d2 4d | 62 50 3f 5f 00 02 00 01 |.......M|bP?_....|
|00000f70| 00 2a 00 02 00 00 00 2b | 00 02 00 00 00 82 00 02 |.*.....+|........|
|00000f80| 00 00 00 80 00 08 00 00 | 00 00 00 00 00 00 00 25 |........|.......%|
|00000f90| 02 04 00 00 00 04 01 8c | 00 04 00 01 00 01 00 81 |........|........|
|00000fa0| 00 02 00 c1 04 1b 00 06 | 00 02 00 2f 00 43 00 14 |........|.../.C..|
|00000fb0| 00 2c 00 2b 26 43 26 22 | 54 69 6d 65 73 22 26 31 |.,.+&C&"|Times"&1|
|00000fc0| 32 56 41 4c 55 49 4e 47 | 20 53 59 4e 45 52 47 59 |2VALUING| SYNERGY|
|00000fd0| 3a 20 57 4f 52 4b 53 48 | 45 45 54 26 52 26 50 15 |: WORKSH|EET&R&P.|
|00000fe0| 00 00 00 83 00 02 00 00 | 00 84 00 02 00 00 00 4d |........|.......M|
|00000ff0| 00 7a 00 01 00 00 03 00 | 00 01 2c 01 2c 00 00 00 |.z......|..,.,...|
|00001000| 00 09 fd 0d 32 ff 76 ff | 70 0a 87 0d c2 03 65 05 |....2.v.|p.....e.|
|00001010| 28 03 fc 00 02 00 00 01 | 2c 01 2c 00 00 00 00 09 |(.......|,.,.....|
|00001020| fd 0d 32 00 01 00 00 00 | 5a 00 00 00 01 00 01 01 |..2.....|Z.......|
|00001030| 01 00 00 00 01 27 0f 00 | 01 00 01 00 2c f3 86 00 |.....'..|....,...|
|00001040| 00 00 00 00 00 00 00 00 | 02 00 19 01 90 00 00 00 |........|........|
|00001050| 00 00 40 00 00 00 00 00 | 00 00 00 00 01 00 00 00 |..@.....|........|
|00001060| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 a1 00 22 |........|......."|
|00001070| 00 01 00 64 00 32 00 01 | 00 01 00 80 00 00 00 00 |...d.2..|........|
|00001080| 00 00 00 00 00 00 00 e0 | 3f 00 00 00 00 00 00 e0 |........|?.......|
|00001090| 3f 00 00 55 00 02 00 0a | 00 7d 00 0c 00 00 00 01 |?..U....|.}......|
|000010a0| 00 6d 0c 0f 00 00 00 00 | 80 7d 00 0c 00 02 00 02 |.m......|.}......|
|000010b0| 00 6d 0a 0f 00 00 00 80 | 00 7d 00 0c 00 03 00 03 |.m......|.}......|
|000010c0| 00 49 09 0f 00 00 00 00 | 80 7d 00 0c 00 04 00 04 |.I......|.}......|
|000010d0| 00 49 0d 0f 00 00 00 80 | 00 7d 00 0c 00 05 00 05 |.I......|.}......|
|000010e0| 00 92 0c 0f 00 00 00 00 | 80 7d 00 0c 00 06 00 00 |........|.}......|
|000010f0| 01 6d 0c 0f 00 00 00 80 | 00 00 02 0a 00 00 00 53 |.m......|.......S|
|00001100| 00 00 00 09 00 00 00 08 | 02 10 00 00 00 00 00 06 |........|........|
|00001110| 00 90 01 00 00 09 00 c0 | 01 13 80 08 02 10 00 01 |........|........|
|00001120| 00 00 00 06 00 90 01 00 | 00 01 00 c0 01 1a 00 08 |........|........|
|00001130| 02 10 00 02 00 00 00 06 | 00 90 01 00 00 00 00 c0 |........|........|
|00001140| 01 1a 00 08 02 10 00 03 | 00 00 00 06 00 90 01 00 |........|........|
|00001150| 00 00 00 c0 01 1a 00 08 | 02 10 00 04 00 00 00 06 |........|........|
|00001160| 00 90 01 00 00 00 00 c0 | 01 1a c0 08 02 10 00 05 |........|........|
|00001170| 00 00 00 06 00 90 01 00 | 00 32 6e c0 01 1a 40 08 |........|.2n...@.|
|00001180| 02 10 00 06 00 00 00 06 | 00 90 01 00 00 05 00 c0 |........|........|
|00001190| 01 1a 00 08 02 10 00 07 | 00 00 00 06 00 90 01 00 |........|........|
|000011a0| 00 c0 b8 c0 01 1a 80 08 | 02 10 00 08 00 00 00 06 |........|........|
|000011b0| 00 90 01 00 00 72 7e c0 | 01 1a 40 08 02 10 00 09 |.....r~.|..@.....|
|000011c0| 00 00 00 06 00 90 01 00 | 00 c0 b8 c0 01 1a 40 08 |........|......@.|
|000011d0| 02 10 00 0a 00 00 00 06 | 00 90 01 00 00 d0 b8 c0 |........|........|
|000011e0| 01 1a 00 08 02 10 00 0b | 00 00 00 06 00 90 01 00 |........|........|
|000011f0| 00 c0 b8 c0 01 1a c0 08 | 02 10 00 0c 00 00 00 06 |........|........|
|00001200| 00 90 01 00 00 ff 7f c0 | 01 1a c0 08 02 10 00 0d |........|........|
|00001210| 00 00 00 06 00 90 01 00 | 00 c0 25 c0 01 1a 00 08 |........|..%.....|
|00001220| 02 10 00 0e 00 00 00 06 | 00 90 01 00 00 00 00 c0 |........|........|
|00001230| 01 1a 00 08 02 10 00 0f | 00 00 00 06 00 90 01 00 |........|........|
|00001240| 00 00 00 c0 01 1a 00 08 | 02 10 00 10 00 00 00 04 |........|........|
|00001250| 00 90 01 00 00 40 b9 c0 | 01 1a 40 08 02 10 00 11 |.....@..|..@.....|
|00001260| 00 00 00 04 00 90 01 00 | 00 30 b9 c0 01 1a c0 08 |........|.0......|
|00001270| 02 10 00 12 00 00 00 04 | 00 90 01 00 00 30 b9 c0 |........|.....0..|
|00001280| 01 1a 00 08 02 10 00 13 | 00 00 00 04 00 90 01 00 |........|........|
|00001290| 00 40 b9 c0 01 1a 40 08 | 02 10 00 14 00 00 00 04 |.@....@.|........|
|000012a0| 00 90 01 00 00 01 00 c0 | 01 1a 40 08 02 10 00 15 |........|..@.....|
|000012b0| 00 00 00 04 00 90 01 00 | 00 04 00 c0 01 1a 00 08 |........|........|
|000012c0| 02 10 00 16 00 00 00 04 | 00 90 01 00 00 14 29 c0 |........|......).|
|000012d0| 01 1a 00 08 02 10 00 17 | 00 00 00 04 00 90 01 00 |........|........|
|000012e0| 00 a0 b9 c0 01 1a c0 08 | 02 10 00 18 00 00 00 04 |........|........|
|000012f0| 00 90 01 00 00 90 b9 c0 | 01 1a c0 08 02 10 00 19 |........|........|
|00001300| 00 00 00 04 00 90 01 00 | 00 20 00 c0 01 1a 40 08 |........|. ....@.|
|00001310| 02 10 00 1a 00 00 00 04 | 00 90 01 00 00 d8 c0 c0 |........|........|
|00001320| 01 1a 00 08 02 10 00 1b | 00 00 00 04 00 90 01 00 |........|........|
|00001330| 00 d8 c0 c0 01 1a 00 08 | 02 10 00 1c 00 00 00 04 |........|........|
|00001340| 00 90 01 00 00 e0 b9 c0 | 01 1a c0 08 02 10 00 1d |........|........|
|00001350| 00 00 00 04 00 90 01 00 | 00 e0 b9 c0 01 1a 40 08 |........|......@.|
|00001360| 02 10 00 1e 00 00 00 04 | 00 90 01 00 00 f0 93 c0 |........|........|
|00001370| 01 1a c0 08 02 10 00 1f | 00 00 00 04 00 90 01 00 |........|........|
|00001380| 00 d8 c0 c0 01 1a 00 04 | 02 23 00 00 00 00 00 15 |........|.#......|
|00001390| 00 1b 00 53 59 4e 45 52 | 47 59 20 56 41 4c 55 41 |...SYNER|GY VALUA|
|000013a0| 54 49 4f 4e 20 57 4f 52 | 4b 53 48 45 45 54 be 00 |TION WOR|KSHEET..|
|000013b0| 10 00 00 00 01 00 14 00 | 14 00 14 00 14 00 14 00 |........|........|
|000013c0| 05 00 04 02 3b 00 01 00 | 00 00 19 00 33 00 45 6e |....;...|....3.En|
|000013d0| 74 65 72 20 74 68 65 20 | 66 6f 6c 6c 6f 77 69 6e |ter the |followin|
|000013e0| 67 20 69 6e 66 6f 72 6d | 61 74 69 6f 6e 20 6f 6e |g inform|ation on|
|000013f0| 20 74 68 65 20 62 69 64 | 64 69 6e 67 20 66 69 72 | the bid|ding fir|
|00001400| 6d 04 02 25 00 02 00 00 | 00 1b 00 1d 00 43 75 72 |m..%....|.....Cur|
|00001410| 72 65 6e 74 20 46 69 6e | 61 6e 63 69 61 6c 20 49 |rent Fin|ancial I|
|00001420| 6e 66 6f 72 6d 61 74 69 | 6f 6e 04 02 22 00 03 00 |nformati|on.."...|
|00001430| 00 00 1a 00 1a 00 52 65 | 76 65 6e 75 65 73 20 69 |......Re|venues i|
|00001440| 6e 20 63 75 72 72 65 6e | 74 20 79 65 61 72 20 3d |n curren|t year =|
|00001450| 7e 02 0a 00 03 00 03 00 | 1c 00 00 40 8f 40 04 02 |~.......|...@.@..|
|00001460| 1f 00 04 00 00 00 1a 00 | 17 00 43 4f 47 53 20 61 |........|..COGS a|
|00001470| 73 20 25 20 6f 66 20 52 | 65 76 65 6e 75 65 73 20 |s % of R|evenues |
|00001480| 3d 7e 02 0a 00 04 00 03 | 00 1d 00 01 80 51 40 04 |=~......|.....Q@.|
|00001490| 02 1c 00 05 00 00 00 1a | 00 14 00 54 61 78 20 52 |........|...Tax R|
|000014a0| 61 74 65 20 6f 6e 20 69 | 6e 63 6f 6d 65 20 3d 7e |ate on i|ncome =~|
|000014b0| 02 0a 00 05 00 03 00 1e | 00 01 80 41 40 04 02 1b |........|...A@...|
|000014c0| 00 06 00 00 00 1a 00 13 | 00 49 6e 74 65 72 65 73 |........|.Interes|
|000014d0| 74 20 45 78 70 65 6e 73 | 65 73 20 3d 7e 02 0a 00 |t Expens|es =~...|
|000014e0| 06 00 03 00 1c 00 00 00 | 59 40 04 02 1e 00 07 00 |........|Y@......|
|000014f0| 00 00 1a 00 16 00 43 75 | 72 72 65 6e 74 20 44 65 |......Cu|rrent De|
|00001500| 70 72 65 63 69 61 74 69 | 6f 6e 20 3d 7e 02 0a 00 |preciati|on =~...|
|00001510| 07 00 03 00 1c 00 00 00 | 49 40 04 02 22 00 08 00 |........|I@.."...|
|00001520| 00 00 1a 00 1a 00 43 75 | 72 72 65 6e 74 20 43 61 |......Cu|rrent Ca|
|00001530| 70 69 74 61 6c 20 53 70 | 65 6e 64 69 6e 67 20 3d |pital Sp|ending =|
|00001540| 7e 02 0a 00 08 00 03 00 | 1c 00 00 c0 52 40 04 02 |~.......|....R@..|
|00001550| 29 00 09 00 00 00 1a 00 | 21 00 57 6f 72 6b 69 6e |).......|!.Workin|
|00001560| 67 20 43 61 70 69 74 61 | 6c 20 61 73 20 25 20 6f |g Capita|l as % o|
|00001570| 66 20 52 65 76 65 6e 75 | 65 20 3d 7e 02 0a 00 09 |f Revenu|e =~....|
|00001580| 00 03 00 1e 00 01 00 14 | 40 04 02 29 00 0a 00 00 |........|@..)....|
|00001590| 00 1b 00 21 00 50 72 6f | 6a 65 63 74 69 6f 6e 73 |...!.Pro|jections|
|000015a0| 20 6f 66 20 67 72 6f 77 | 74 68 20 69 6e 20 65 61 | of grow|th in ea|
|000015b0| 72 6e 69 6e 67 73 01 02 | 06 00 0a 00 03 00 1f 00 |rnings..|........|
|000015c0| 04 02 2d 00 0b 00 00 00 | 1a 00 25 00 45 78 70 65 |..-.....|..%.Expe|
|000015d0| 63 74 65 64 20 67 72 6f | 77 74 68 20 72 61 74 65 |cted gro|wth rate|
|000015e0| 20 2d 20 6e 65 78 74 20 | 35 20 79 65 61 72 73 20 | - next |5 years |
|000015f0| 3d 7e 02 0a 00 0b 00 03 | 00 1e 00 01 00 2e 40 04 |=~......|......@.|
|00001600| 02 2e 00 0c 00 00 00 1a | 00 26 00 45 78 70 65 63 |........|.&.Expec|
|00001610| 74 65 64 20 67 72 6f 77 | 74 68 20 72 61 74 65 20 |ted grow|th rate |
|00001620| 2d 20 61 66 74 65 72 20 | 35 20 79 65 61 72 73 20 |- after |5 years |
|00001630| 3d 7e 02 0a 00 0c 00 03 | 00 1e 00 01 00 18 40 04 |=~......|......@.|
|00001640| 02 15 00 0d 00 00 00 1b | 00 0d 00 52 69 73 6b 20 |........|...Risk |
|00001650| 6d 65 61 73 75 72 65 73 | 01 02 06 00 0d 00 03 00 |measures|........|
|00001660| 1f 00 04 02 1b 00 0e 00 | 00 00 1a 00 13 00 42 65 |........|......Be|
|00001670| 74 61 20 6f 66 20 74 68 | 65 20 73 74 6f 63 6b 20 |ta of th|e stock |
|00001680| 3d 7e 02 0a 00 0e 00 03 | 00 20 00 01 80 5b 40 01 |=~......|. ...[@.|
|00001690| 02 06 00 0f 00 03 00 1f | 00 04 02 3a 00 10 00 00 |........|...:....|
|000016a0| 00 19 00 32 00 45 6e 74 | 65 72 20 74 68 65 20 66 |...2.Ent|er the f|
|000016b0| 6f 6c 6c 6f 77 69 6e 67 | 20 69 6e 66 6f 72 6d 61 |ollowing| informa|
|000016c0| 74 69 6f 6e 20 6f 6e 20 | 74 68 65 20 74 61 72 67 |tion on |the targ|
|000016d0| 65 74 20 66 69 72 6d 01 | 02 06 00 10 00 03 00 1f |et firm.|........|
|000016e0| 00 04 02 25 00 11 00 00 | 00 1b 00 1d 00 43 75 72 |...%....|.....Cur|
|000016f0| 72 65 6e 74 20 46 69 6e | 61 6e 63 69 61 6c 20 49 |rent Fin|ancial I|
|00001700| 6e 66 6f 72 6d 61 74 69 | 6f 6e 01 02 06 00 11 00 |nformati|on......|
|00001710| 03 00 1f 00 04 02 22 00 | 12 00 00 00 1a 00 1a 00 |......".|........|
|00001720| 52 65 76 65 6e 75 65 73 | 20 69 6e 20 63 75 72 72 |Revenues| in curr|
|00001730| 65 6e 74 20 79 65 61 72 | 20 3d 7e 02 0a 00 12 00 |ent year| =~.....|
|00001740| 03 00 1c 00 00 00 89 40 | 04 02 1f 00 13 00 00 00 |.......@|........|
|00001750| 1a 00 17 00 43 4f 47 53 | 20 61 73 20 25 20 6f 66 |....COGS| as % of|
|00001760| 20 52 65 76 65 6e 75 65 | 73 20 3d 7e 02 0a 00 13 | Revenue|s =~....|
|00001770| 00 03 00 1e 00 00 00 e8 | 3f 04 02 1c 00 14 00 00 |........|?.......|
|00001780| 00 1a 00 14 00 54 61 78 | 20 52 61 74 65 20 6f 6e |.....Tax| Rate on|
|00001790| 20 69 6e 63 6f 6d 65 20 | 3d 7e 02 0a 00 14 00 03 | income |=~......|
|000017a0| 00 1e 00 01 80 41 40 04 | 02 1b 00 15 00 00 00 1a |.....A@.|........|
|000017b0| 00 13 00 49 6e 74 65 72 | 65 73 74 20 45 78 70 65 |...Inter|est Expe|
|000017c0| 6e 73 65 73 20 3d 7e 02 | 0a 00 15 00 03 00 1c 00 |nses =~.|........|
|000017d0| 00 00 59 40 04 02 1e 00 | 16 00 00 00 1a 00 16 00 |..Y@....|........|
|000017e0| 43 75 72 72 65 6e 74 20 | 44 65 70 72 65 63 69 61 |Current |Deprecia|
|000017f0| 74 69 6f 6e 20 3d 7e 02 | 0a 00 16 00 03 00 1c 00 |tion =~.|........|
|00001800| 00 c0 52 40 04 02 22 00 | 17 00 00 00 1a 00 1a 00 |..R@..".|........|
|00001810| 43 75 72 72 65 6e 74 20 | 43 61 70 69 74 61 6c 20 |Current |Capital |
|00001820| 53 70 65 6e 64 69 6e 67 | 20 3d 7e 02 0a 00 17 00 |Spending| =~.....|
|00001830| 03 00 1c 00 00 00 59 40 | 04 02 29 00 18 00 00 00 |......Y@|..).....|
|00001840| 1a 00 21 00 57 6f 72 6b | 69 6e 67 20 43 61 70 69 |..!.Work|ing Capi|
|00001850| 74 61 6c 20 61 73 20 25 | 20 6f 66 20 52 65 76 65 |tal as %| of Reve|
|00001860| 6e 75 65 20 3d 7e 02 0a | 00 18 00 03 00 1e 00 01 |nue =~..|........|
|00001870| 00 14 40 04 02 29 00 19 | 00 00 00 1b 00 21 00 50 |..@..)..|.....!.P|
|00001880| 72 6f 6a 65 63 74 69 6f | 6e 73 20 6f 66 20 67 72 |rojectio|ns of gr|
|00001890| 6f 77 74 68 20 69 6e 20 | 65 61 72 6e 69 6e 67 73 |owth in |earnings|
|000018a0| 01 02 06 00 19 00 03 00 | 1f 00 04 02 2d 00 1a 00 |........|....-...|
|000018b0| 00 00 1a 00 25 00 45 78 | 70 65 63 74 65 64 20 67 |....%.Ex|pected g|
|000018c0| 72 6f 77 74 68 20 72 61 | 74 65 20 2d 20 6e 65 78 |rowth ra|te - nex|
|000018d0| 74 20 35 20 79 65 61 72 | 73 20 3d 7e 02 0a 00 1a |t 5 year|s =~....|
|000018e0| 00 03 00 1e 00 01 00 34 | 40 04 02 2e 00 1b 00 00 |.......4|@.......|
|000018f0| 00 1a 00 26 00 45 78 70 | 65 63 74 65 64 20 67 72 |...&.Exp|ected gr|
|00001900| 6f 77 74 68 20 72 61 74 | 65 20 2d 20 61 66 74 65 |owth rat|e - afte|
|00001910| 72 20 35 20 79 65 61 72 | 73 20 3d 7e 02 0a 00 1b |r 5 year|s =~....|
|00001920| 00 03 00 1e 00 01 00 1c | 40 04 02 15 00 1c 00 00 |........|@.......|
|00001930| 00 1b 00 0d 00 52 69 73 | 6b 20 6d 65 61 73 75 72 |.....Ris|k measur|
|00001940| 65 73 01 02 06 00 1c 00 | 03 00 1f 00 04 02 1b 00 |es......|........|
|00001950| 1d 00 00 00 1a 00 13 00 | 42 65 74 61 20 6f 66 20 |........|Beta of |
|00001960| 74 68 65 20 73 74 6f 63 | 6b 20 3d 7e 02 0a 00 1d |the stoc|k =~....|
|00001970| 00 03 00 20 00 00 00 f4 | 3f 01 02 06 00 1e 00 03 |... ....|?.......|
|00001980| 00 1f 00 04 02 1b 00 1f | 00 00 00 19 00 13 00 47 |........|.......G|
|00001990| 65 6e 65 72 61 6c 20 49 | 6e 66 6f 72 6d 61 74 69 |eneral I|nformati|
|000019a0| 6f 6e 01 02 06 00 1f 00 | 03 00 1f 00 d7 00 44 00 |on......|......D.|
|000019b0| a5 08 00 00 6c 02 3b 00 | 3f 00 29 00 34 00 31 00 |....l.;.|?.).4.1.|
|000019c0| 2e 00 2d 00 30 00 34 00 | 3b 00 37 00 3f 00 40 00 |..-.0.4.|;.7.?.@.|
|000019d0| 23 00 2d 00 0a 00 48 00 | 33 00 34 00 31 00 2e 00 |#.-...H.|3.4.1...|
|000019e0| 2d 00 30 00 34 00 3b 00 | 37 00 3f 00 40 00 23 00 |-.0.4.;.|7.?.@.#.|
|000019f0| 2d 00 0a 00 08 02 10 00 | 20 00 00 00 07 00 90 01 |-.......| .......|
|00001a00| 00 00 09 00 c0 01 1a 80 | 08 02 10 00 21 00 00 00 |........|....!...|
|00001a10| 07 00 90 01 00 00 01 00 | c0 01 1a 00 08 02 10 00 |........|........|
|00001a20| 22 00 00 00 07 00 90 01 | 00 00 00 00 c0 01 1a 00 |".......|........|
|00001a30| 08 02 10 00 23 00 00 00 | 07 00 90 01 00 00 00 00 |....#...|........|
|00001a40| c0 01 1a 00 08 02 10 00 | 24 00 00 00 07 00 90 01 |........|$.......|
|00001a50| 00 00 00 00 c0 01 1a c0 | 08 02 10 00 25 00 00 00 |........|....%...|
|00001a60| 07 00 90 01 00 00 32 6e | c0 01 1a 40 08 02 10 00 |......2n|...@....|
|00001a70| 26 00 00 00 07 00 90 01 | 00 00 05 00 c0 01 1a 00 |&.......|........|
|00001a80| 08 02 10 00 27 00 00 00 | 07 00 90 01 00 00 c0 b8 |....'...|........|
|00001a90| c0 01 1a 80 08 02 10 00 | 28 00 00 00 07 00 90 01 |........|(.......|
|00001aa0| 00 00 72 7e c0 01 1a 40 | 08 02 10 00 29 00 00 00 |..r~...@|....)...|
|00001ab0| 07 00 90 01 00 00 c0 b8 | c0 01 1a 40 08 02 10 00 |........|...@....|
|00001ac0| 2a 00 00 00 07 00 90 01 | 00 00 d0 b8 c0 01 1a 00 |*.......|........|
|00001ad0| 08 02 10 00 2b 00 00 00 | 07 00 90 01 00 00 c0 b8 |....+...|........|
|00001ae0| c0 01 1a c0 08 02 10 00 | 2c 00 00 00 07 00 90 01 |........|,.......|
|00001af0| 00 00 ff 7f c0 01 1a c0 | 08 02 10 00 2d 00 00 00 |........|....-...|
|00001b00| 07 00 90 01 00 00 c0 25 | c0 01 1a 00 08 02 10 00 |.......%|........|
|00001b10| 2e 00 00 00 07 00 90 01 | 00 00 00 00 c0 01 1a 00 |........|........|
|00001b20| 08 02 10 00 2f 00 00 00 | 07 00 90 01 00 00 00 00 |..../...|........|
|00001b30| c0 01 26 00 08 02 10 00 | 30 00 00 00 09 00 90 01 |..&.....|0.......|
|00001b40| 00 00 40 b9 c0 01 21 40 | 08 02 10 00 31 00 00 00 |..@...!@|....1...|
|00001b50| 09 00 90 01 00 00 30 b9 | c0 01 21 c0 08 02 10 00 |......0.|..!.....|
|00001b60| 32 00 00 00 09 00 90 01 | 00 00 30 b9 c0 01 21 00 |2.......|..0...!.|
|00001b70| 08 02 10 00 33 00 00 00 | 09 00 90 01 00 00 40 b9 |....3...|......@.|
|00001b80| c0 01 21 40 08 02 10 00 | 34 00 00 00 09 00 90 01 |..!@....|4.......|
|00001b90| 00 00 01 00 c0 01 21 40 | 08 02 10 00 35 00 00 00 |......!@|....5...|
|00001ba0| 09 00 90 01 00 00 04 00 | c0 01 21 00 08 02 10 00 |........|..!.....|
|00001bb0| 36 00 00 00 09 00 90 01 | 00 00 14 29 c0 01 21 00 |6.......|...)..!.|
|00001bc0| 08 02 10 00 37 00 00 00 | 09 00 90 01 00 00 a0 b9 |....7...|........|
|00001bd0| c0 01 21 c0 08 02 10 00 | 38 00 00 00 09 00 90 01 |..!.....|8.......|
|00001be0| 00 00 90 b9 c0 01 26 c0 | 08 02 10 00 39 00 00 00 |......&.|....9...|
|00001bf0| 09 00 90 01 00 00 20 00 | c0 01 21 40 08 02 10 00 |...... .|..!@....|
|00001c00| 3a 00 00 00 09 00 90 01 | 00 00 d8 c0 c0 01 21 00 |:.......|......!.|
|00001c10| 08 02 10 00 3b 00 00 00 | 09 00 90 01 00 00 d8 c0 |....;...|........|
|00001c20| c0 01 21 00 08 02 10 00 | 3c 00 00 00 09 00 90 01 |..!.....|<.......|
|00001c30| 00 00 e0 b9 c0 01 21 c0 | 08 02 10 00 3d 00 00 00 |......!.|....=...|
|00001c40| 09 00 90 01 00 00 e0 b9 | c0 01 21 40 08 02 10 00 |........|..!@....|
|00001c50| 3e 00 00 00 09 00 90 01 | 00 00 f0 93 c0 01 32 c0 |>.......|......2.|
|00001c60| 08 02 10 00 3f 00 00 00 | 09 00 90 01 00 00 d8 c0 |....?...|........|
|00001c70| c0 01 21 20 04 02 1f 00 | 20 00 00 00 1a 00 17 00 |..! ....| .......|
|00001c80| 43 75 72 72 65 6e 74 20 | 72 69 73 6b 66 72 65 65 |Current |riskfree|
|00001c90| 20 72 61 74 65 20 3d 7e | 02 0a 00 20 00 03 00 1e | rate =~|... ....|
|00001ca0| 00 01 00 18 40 04 02 29 | 00 21 00 00 00 1a 00 21 |....@..)|.!.....!|
|00001cb0| 00 52 69 73 6b 20 70 72 | 65 6d 69 75 6d 20 6f 76 |.Risk pr|emium ov|
|00001cc0| 65 72 20 72 69 73 6b 66 | 72 65 65 20 72 61 74 65 |er riskf|ree rate|
|00001cd0| 20 3d 7e 02 0a 00 21 00 | 03 00 1e 00 01 00 16 40 | =~...!.|.......@|
|00001ce0| 01 02 06 00 22 00 03 00 | 21 00 04 02 27 00 23 00 |...."...|!...'.#.|
|00001cf0| 00 00 19 00 1f 00 49 6e | 66 6f 72 6d 61 74 69 6f |......In|formatio|
|00001d00| 6e 20 6f 6e 20 53 79 6e | 65 72 67 79 20 62 65 6e |n on Syn|ergy ben|
|00001d10| 65 66 69 74 73 01 02 06 | 00 23 00 03 00 21 00 04 |efits...|.#...!..|
|00001d20| 02 30 00 24 00 00 00 1a | 00 28 00 57 68 61 74 20 |.0.$....|.(.What |
|00001d30| 66 6f 72 6d 20 64 6f 65 | 73 20 74 68 65 20 73 79 |form doe|s the sy|
|00001d40| 6e 65 72 67 79 20 62 65 | 6e 65 66 69 74 20 74 61 |nergy be|nefit ta|
|00001d50| 6b 65 3f 7e 02 0a 00 24 | 00 03 00 22 00 00 00 08 |ke?~...$|..."....|
|00001d60| 40 04 02 5b 00 24 00 04 | 00 23 00 53 00 28 31 3a |@..[.$..|.#.S.(1:|
|00001d70| 20 43 6f 73 74 20 72 65 | 64 75 63 74 69 6f 6e 20 | Cost re|duction |
|00001d80| 3b 20 32 3a 43 6f 73 74 | 20 72 65 64 75 63 74 69 |; 2:Cost| reducti|
|00001d90| 6f 6e 20 61 6e 64 20 49 | 6e 63 72 65 61 73 65 20 |on and I|ncrease |
|00001da0| 67 72 6f 77 74 68 3a 20 | 33 3a 20 4f 6e 6c 79 20 |growth: |3: Only |
|00001db0| 69 6e 63 72 65 61 73 65 | 20 67 72 6f 77 74 68 29 |increase| growth)|
|00001dc0| 01 02 06 00 24 00 05 00 | 23 00 be 00 0c 00 25 00 |....$...|#.....%.|
|00001dd0| 03 00 23 00 23 00 23 00 | 05 00 04 02 35 00 26 00 |..#.#.#.|....5.&.|
|00001de0| 00 00 1a 00 2d 00 49 2e | 20 54 68 65 20 63 6f 73 |....-.I.| The cos|
|00001df0| 74 20 6f 66 20 67 6f 6f | 64 73 20 73 6f 6c 64 20 |t of goo|ds sold |
|00001e00| 77 69 74 68 6f 75 74 20 | 73 79 6e 65 72 67 79 20 |without |synergy |
|00001e10| 69 73 20 06 00 35 00 26 | 00 03 00 24 00 c7 71 1c |is ..5.&|...$..q.|
|00001e20| c7 71 1c e7 3f 00 00 29 | 00 05 fe 1f 00 44 04 c0 |.q..?..)|.....D..|
|00001e30| 03 44 03 c0 03 05 44 13 | c0 03 44 12 c0 03 05 03 |.D....D.|..D.....|
|00001e40| 15 44 03 c0 03 44 12 c0 | 03 03 15 06 be 00 0a 00 |.D...D..|........|
|00001e50| 26 00 04 00 23 00 23 00 | 05 00 04 02 51 00 27 00 |&...#.#.|....Q.'.|
|00001e60| 00 00 1a 00 49 00 49 66 | 20 74 68 65 20 73 79 6e |....I.If| the syn|
|00001e70| 65 72 67 79 20 69 73 20 | 67 6f 69 6e 67 20 74 6f |ergy is |going to|
|00001e80| 20 72 65 64 75 63 65 20 | 63 6f 73 74 73 2c 20 65 | reduce |costs, e|
|00001e90| 6e 74 65 72 20 74 68 65 | 20 6e 65 77 20 63 6f 73 |nter the| new cos|
|00001ea0| 74 20 6f 66 20 67 6f 6f | 64 73 20 73 6f 6c 64 be |t of goo|ds sold.|
|00001eb0| 00 0c 00 27 00 03 00 23 | 00 23 00 1e 00 05 00 be |...'...#|.#......|
|00001ec0| 00 0c 00 28 00 03 00 23 | 00 23 00 23 00 05 00 04 |...(...#|.#.#....|
|00001ed0| 02 53 00 29 00 00 00 1a | 00 4b 00 49 49 61 2e 20 |.S.)....|.K.IIa. |
|00001ee0| 54 68 65 20 20 67 72 6f | 77 74 68 20 72 61 74 65 |The gro|wth rate|
|00001ef0| 20 69 6e 20 65 61 72 6e | 69 6e 67 73 20 69 6e 20 | in earn|ings in |
|00001f00| 74 68 65 20 6e 65 78 74 | 20 66 69 76 65 20 79 65 |the next| five ye|
|00001f10| 61 72 73 20 77 69 74 68 | 6f 75 74 20 73 79 6e 65 |ars with|out syne|
|00001f20| 72 67 79 20 69 73 be 00 | 0a 00 29 00 03 00 23 00 |rgy is..|..)...#.|
|00001f30| 23 00 04 00 06 00 41 00 | 29 00 05 00 1e 00 25 8c |#.....A.|).....%.|
|00001f40| 4b 5c 87 d1 c4 3f 00 00 | 2c 00 05 ff 2b 00 44 0b |K\...?..|,...+.D.|
|00001f50| c0 03 44 30 c0 02 44 30 | c0 02 44 30 c0 03 03 15 |..D0..D0|..D0....|
|00001f60| 06 15 05 44 1a c0 03 44 | 30 c0 03 44 30 c0 02 44 |...D...D|0..D0..D|
|00001f70| 30 c0 03 03 15 06 15 05 | 03 01 02 06 00 29 00 06 |0.......|.....)..|
|00001f80| 00 23 00 04 02 46 00 2a | 00 00 00 1a 00 3e 00 49 |.#...F.*|.....>.I|
|00001f90| 66 20 74 68 65 20 73 79 | 6e 65 72 67 79 20 77 69 |f the sy|nergy wi|
|00001fa0| 6c 6c 20 69 6e 63 72 65 | 61 73 65 20 67 72 6f 77 |ll incre|ase grow|
|00001fb0| 74 68 2c 20 65 6e 74 65 | 72 20 74 68 65 20 6e 65 |th, ente|r the ne|
|00001fc0| 77 20 67 72 6f 77 74 68 | 20 72 61 74 65 be 00 0a |w growth| rate...|
|00001fd0| 00 2a 00 03 00 23 00 23 | 00 04 00 7e 02 0a 00 2a |.*...#.#|...~...*|
|00001fe0| 00 05 00 1e 00 01 00 34 | 40 04 02 3b 00 2c 00 00 |.......4|@..;.,..|
|00001ff0| 00 1a 00 33 00 49 49 62 | 2e 20 54 68 65 20 67 72 |...3.IIb|. The gr|
|00002000| 6f 77 74 68 20 72 61 74 | 65 20 61 66 74 65 72 20 |owth rat|e after |
|00002010| 79 65 61 72 20 35 20 69 | 73 20 65 78 70 65 63 74 |year 5 i|s expect|
|00002020| 65 64 20 74 6f 20 62 65 | 06 00 95 00 2c 00 05 00 |ed to be|....,...|
|00002030| 1e 00 1c 58 7b a9 97 1d | b0 3f 00 00 2d 00 05 ff |...X{...|.?..-...|
|00002040| 7f 00 44 32 c0 02 44 30 | c0 02 1e 01 00 44 31 c0 |..D2..D0|.....D1.|
|00002050| 02 03 15 1e 05 00 07 05 | 15 05 44 30 c0 02 1e 01 |........|..D0....|
|00002060| 00 44 31 c0 02 03 15 1e | 05 00 07 05 44 30 c0 03 |.D1.....|....D0..|
|00002070| 1e 01 00 44 31 c0 03 03 | 15 1e 05 00 07 05 03 15 |...D1...|........|
|00002080| 06 44 32 c0 03 44 30 c0 | 03 1e 01 00 44 31 c0 03 |.D2..D0.|....D1..|
|00002090| 03 15 1e 05 00 07 05 15 | 05 44 30 c0 02 1e 01 00 |........|.D0.....|
|000020a0| 44 31 c0 02 03 15 1e 05 | 00 07 05 44 30 c0 03 1e |D1......|...D0...|
|000020b0| 01 00 44 31 c0 03 03 15 | 1e 05 00 07 05 03 15 06 |..D1....|........|
|000020c0| 03 04 02 50 00 2d 00 00 | 00 1a 00 48 00 49 66 20 |...P.-..|...H.If |
|000020d0| 74 68 65 20 73 79 6e 65 | 72 67 79 20 77 69 6c 6c |the syne|rgy will|
|000020e0| 20 69 6e 63 72 65 61 73 | 65 20 74 68 69 73 20 67 | increas|e this g|
|000020f0| 72 6f 77 74 68 20 72 61 | 74 65 2c 20 65 6e 74 65 |rowth ra|te, ente|
|00002100| 72 20 74 68 65 20 6e 65 | 77 20 67 72 6f 77 74 68 |r the ne|w growth|
|00002110| 20 72 61 74 65 06 00 1a | 00 2d 00 05 00 1e 00 ec | rate...|.-......|
|00002120| 51 b8 1e 85 eb b1 3f 00 | 00 30 00 02 ff 04 00 1e |Q.....?.|.0......|
|00002130| 07 00 14 01 02 06 00 2f | 00 00 00 25 00 04 02 0e |......./|...%....|
|00002140| 00 2f 00 02 00 26 00 06 | 00 42 69 64 64 65 72 04 |./...&..|.Bidder.|
|00002150| 02 0e 00 2f 00 03 00 26 | 00 06 00 54 61 72 67 65 |.../...&|...Targe|
|00002160| 74 04 02 17 00 2f 00 04 | 00 26 00 0f 00 41 2b 42 |t..../..|.&...A+B|
|00002170| 3a 20 4e 6f 20 73 79 6e | 65 72 67 79 04 02 15 00 |: No syn|ergy....|
|00002180| 2f 00 05 00 26 00 0d 00 | 41 2b 42 20 28 53 79 6e |/...&...|A+B (Syn|
|00002190| 65 72 67 79 29 04 02 1f | 00 30 00 00 00 25 00 17 |ergy)...|.0...%..|
|000021a0| 00 46 72 65 65 20 43 61 | 73 68 66 6c 6f 77 20 74 |.Free Ca|shflow t|
|000021b0| 6f 20 45 71 75 69 74 79 | 06 00 58 00 30 00 02 00 |o Equity|..X.0...|
|000021c0| 27 00 50 6f 7a d3 9b 9e | 58 40 00 00 30 00 03 ff |'.Poz...|X@..0...|
|000021d0| 42 00 44 03 c0 03 1e 01 | 00 44 04 c0 03 04 15 05 |B.D.....|.D......|
|000021e0| 44 06 c0 03 04 15 1e 01 | 00 44 05 c0 03 04 15 05 |D.......|.D......|
|000021f0| 44 07 c0 03 03 44 08 c0 | 03 04 44 09 c0 03 44 03 |D....D..|..D...D.|
|00002200| c0 03 44 03 c0 03 1e 01 | 00 44 0b c0 03 03 15 06 |..D.....|.D......|
|00002210| 04 15 05 04 06 00 58 00 | 30 00 03 00 27 00 ab aa |......X.|0...'...|
|00002220| aa aa aa aa 40 40 00 00 | 30 00 04 ff 42 00 44 12 |....@@..|0...B.D.|
|00002230| c0 03 1e 01 00 44 13 c0 | 03 04 15 05 44 15 c0 03 |.....D..|....D...|
|00002240| 04 15 1e 01 00 44 14 c0 | 03 04 15 05 44 16 c0 03 |.....D..|....D...|
|00002250| 03 44 17 c0 03 04 44 18 | c0 03 44 12 c0 03 44 12 |.D....D.|..D...D.|
|00002260| c0 03 1e 01 00 44 1a c0 | 03 03 15 06 04 15 05 04 |.....D..|........|
|00002270| 06 00 1f 00 30 00 04 00 | 1c 00 53 e2 67 94 f8 79 |....0...|..S.g..y|
|00002280| 60 40 00 00 30 00 05 ff | 09 00 44 30 c0 02 44 30 |`@..0...|..D0..D0|
|00002290| c0 03 03 06 00 b5 00 30 | 00 05 00 1c 00 53 e2 67 |.......0|.....S.g|
|000022a0| 94 f8 79 60 40 00 00 31 | 00 02 ff 9f 00 44 24 c0 |..y`@..1|.....D$.|
|000022b0| 03 1e 03 00 09 19 02 82 | 00 44 03 c0 03 44 12 c0 |........|.D...D..|
|000022c0| 03 03 15 1e 01 00 44 27 | c0 05 04 15 05 44 06 c0 |......D'|.....D..|
|000022d0| 03 44 15 c0 03 03 15 04 | 15 1e 01 00 44 05 c0 03 |.D......|....D...|
|000022e0| 44 14 c0 03 03 15 1e 02 | 00 06 04 15 05 44 07 c0 |D.......|.....D..|
|000022f0| 03 44 16 c0 03 03 15 03 | 44 08 c0 03 44 17 c0 03 |.D......|D...D...|
|00002300| 03 15 04 44 03 c0 03 44 | 03 c0 03 1e 01 00 44 0b |...D...D|......D.|
|00002310| c0 03 03 15 06 04 15 44 | 09 c0 03 05 04 44 12 c0 |.......D|.....D..|
|00002320| 03 44 12 c0 03 1e 01 00 | 44 1a c0 03 03 15 06 04 |.D......|D.......|
|00002330| 15 44 18 c0 03 05 04 19 | 08 10 00 44 30 c0 02 44 |.D......|...D0..D|
|00002340| 30 c0 03 03 19 08 03 00 | 42 03 01 00 04 02 25 00 |0.......|B.....%.|
|00002350| 31 00 00 00 25 00 1d 00 | 47 72 6f 77 74 68 20 72 |1...%...|Growth r|
|00002360| 61 74 65 20 66 6f 72 20 | 66 69 72 73 74 20 35 20 |ate for |first 5 |
|00002370| 79 65 61 72 73 06 00 1a | 00 31 00 02 00 28 00 33 |years...|.1...(.3|
|00002380| 33 33 33 33 33 c3 3f 00 | 00 31 00 03 ff 04 00 44 |33333.?.|.1.....D|
|00002390| 0b c0 03 06 00 1a 00 31 | 00 03 00 28 00 9a 99 99 |.......1|...(....|
|000023a0| 99 99 99 c9 3f 00 00 31 | 00 04 ff 04 00 44 1a c0 |....?..1|.....D..|
|000023b0| 03 06 00 1a 00 31 00 04 | 00 1e 00 25 8c 4b 5c 87 |.....1..|...%.K\.|
|000023c0| d1 c4 3f 00 00 31 00 05 | ff 04 00 44 29 c0 05 06 |..?..1..|...D)...|
|000023d0| 00 36 00 31 00 05 00 29 | 00 9a 99 99 99 99 99 c9 |.6.1...)|........|
|000023e0| 3f 00 00 32 00 02 ff 20 | 00 44 24 c0 03 1e 01 00 |?..2... |.D$.....|
|000023f0| 0d 19 02 08 00 24 2a c0 | 05 19 08 0b 00 24 29 c0 |.....$*.|.....$).|
|00002400| 05 19 08 03 00 42 03 01 | 00 04 02 24 00 32 00 00 |.....B..|...$.2..|
|00002410| 00 25 00 1c 00 47 72 6f | 77 74 68 20 72 61 74 65 |.%...Gro|wth rate|
|00002420| 20 61 66 74 65 72 20 66 | 69 76 65 20 79 65 61 72 | after f|ive year|
|00002430| 73 06 00 1a 00 32 00 02 | 00 28 00 b8 1e 85 eb 51 |s....2..|.(.....Q|
|00002440| b8 ae 3f 00 00 32 00 03 | ff 04 00 44 0c c0 03 06 |..?..2..|...D....|
|00002450| 00 1a 00 32 00 03 00 28 | 00 ec 51 b8 1e 85 eb b1 |...2...(|..Q.....|
|00002460| 3f 00 00 32 00 04 ff 04 | 00 44 1b c0 03 06 00 1a |?..2....|.D......|
|00002470| 00 32 00 04 00 1e 00 1c | 58 7b a9 97 1d b0 3f 00 |.2......|X{....?.|
|00002480| 00 32 00 05 ff 04 00 44 | 2c c0 05 06 00 36 00 32 |.2.....D|,....6.2|
|00002490| 00 05 00 29 00 ec 51 b8 | 1e 85 eb b1 3f 00 00 33 |...)..Q.|....?..3|
|000024a0| 00 02 ff 20 00 44 24 c0 | 03 1e 01 00 0d 19 02 08 |... .D$.|........|
|000024b0| 00 24 2d c0 05 19 08 0b | 00 24 2c c0 05 19 08 03 |.$-.....|.$,.....|
|000024c0| 00 42 03 01 00 04 02 0c | 00 33 00 00 00 25 00 04 |.B......|.3...%..|
|000024d0| 00 42 65 74 61 06 00 1a | 00 33 00 02 00 2a 00 9a |.Beta...|.3...*..|
|000024e0| 99 99 99 99 99 f1 3f 00 | 00 33 00 03 ff 04 00 44 |......?.|.3.....D|
|000024f0| 0e c0 03 06 00 1a 00 33 | 00 03 00 2a 00 00 00 00 |.......3|...*....|
|00002500| 00 00 00 f4 3f 00 00 34 | 00 02 ff 04 00 44 1d c0 |....?..4|.....D..|
|00002510| 03 06 00 41 00 33 00 04 | 00 20 00 ca 3d d6 26 71 |...A.3..|. ..=.&q|
|00002520| 4c f2 3f 00 00 33 00 05 | ff 2b 00 44 33 c0 02 44 |L.?..3..|.+.D3..D|
|00002530| 3e c0 02 44 3e c0 02 44 | 3e c0 04 03 15 06 15 05 |>..D>..D|>.......|
|00002540| 44 33 c0 03 44 3e c0 04 | 44 3e c0 02 44 3e c0 04 |D3..D>..|D>..D>..|
|00002550| 03 15 06 15 05 03 06 00 | 1a 00 33 00 05 00 20 00 |........|..3... .|
|00002560| ca 3d d6 26 71 4c f2 3f | 00 00 34 00 04 ff 04 00 |.=.&qL.?|..4.....|
|00002570| 44 33 c0 04 04 02 2d 00 | 33 00 06 00 2b 00 25 00 |D3....-.|3...+.%.|
|00002580| 57 65 69 67 68 74 65 64 | 20 62 79 20 70 72 65 73 |Weighted| by pres|
|00002590| 65 6e 74 20 76 61 6c 75 | 65 73 20 6f 66 20 41 20 |ent valu|es of A |
|000025a0| 61 6e 64 20 42 04 02 1b | 00 34 00 00 00 25 00 13 |and B...|.4...%..|
|000025b0| 00 52 65 71 2e 20 72 61 | 74 65 20 6f 66 20 72 65 |.Req. ra|te of re|
|000025c0| 74 75 72 6e 06 00 24 00 | 34 00 02 00 1e 00 0c 02 |turn..$.|4.......|
|000025d0| 2b 87 16 d9 be 3f 00 00 | 3d 00 02 ff 0e 00 44 20 |+....?..|=.....D |
|000025e0| 00 03 44 33 c0 02 44 21 | 00 03 05 03 06 00 24 00 |..D3..D!|......$.|
|000025f0| 34 00 03 00 1e 00 7b 14 | ae 47 e1 7a c0 3f 00 00 |4.....{.|.G.z.?..|
|00002600| 3d 00 04 ff 0e 00 44 20 | 00 03 44 33 c0 03 44 21 |=.....D |..D3..D!|
|00002610| 00 03 05 03 06 00 24 00 | 34 00 04 00 1e 00 db 4a |......$.|4......J|
|00002620| b2 0d 78 76 bf 3f 00 00 | 34 00 05 ff 0e 00 44 20 |..xv.?..|4.....D |
|00002630| 00 03 44 33 c0 04 44 21 | 00 03 05 03 06 00 24 00 |..D3..D!|......$.|
|00002640| 34 00 05 00 1e 00 db 4a | b2 0d 78 76 bf 3f 00 00 |4......J|..xv.?..|
|00002650| 35 00 02 ff 0e 00 44 20 | 00 03 44 33 c0 05 44 21 |5.....D |..D3..D!|
|00002660| 00 03 05 03 04 02 15 00 | 35 00 00 00 25 00 0d 00 |........|5...%...|
|00002670| 52 69 73 6b 66 72 65 65 | 20 52 61 74 65 06 00 1a |Riskfree| Rate...|
|00002680| 00 35 00 02 00 29 00 b8 | 1e 85 eb 51 b8 ae 3f 00 |.5...)..|...Q..?.|
|00002690| 00 39 00 01 ff 04 00 44 | 20 c0 03 be 00 0c 00 35 |.9.....D| ......5|
|000026a0| 00 03 00 22 00 22 00 22 | 00 05 00 04 02 0c 00 38 |..."."."|.......8|
|000026b0| 00 00 00 2c 00 04 00 59 | 45 41 52 04 02 0f 00 38 |...,...Y|EAR....8|
|000026c0| 00 01 00 2c 00 07 00 46 | 43 46 20 28 41 29 04 02 |...,...F|CF (A)..|
|000026d0| 14 00 38 00 02 00 2c 00 | 0c 00 54 65 72 6d 20 56 |..8...,.|..Term V|
|000026e0| 61 6c 20 28 41 29 04 02 | 0f 00 38 00 03 00 2c 00 |al (A)..|..8...,.|
|000026f0| 07 00 46 43 46 20 28 42 | 29 04 02 15 00 38 00 04 |..FCF (B|)....8..|
|00002700| 00 2c 00 0d 00 54 65 72 | 6d 2e 20 56 61 6c 20 28 |.,...Ter|m. Val (|
|00002710| 42 29 04 02 11 00 38 00 | 05 00 2c 00 09 00 46 43 |B)....8.|..,...FC|
|00002720| 46 20 28 41 2b 42 29 04 | 02 10 00 38 00 06 00 2c |F (A+B).|...8...,|
|00002730| 00 08 00 54 56 20 28 41 | 2b 42 29 04 02 13 00 38 |...TV (A|+B)....8|
|00002740| 00 07 00 2c 00 0b 00 46 | 43 46 20 28 41 2b 42 3a |...,...F|CF (A+B:|
|00002750| 53 29 04 02 12 00 38 00 | 08 00 2c 00 0a 00 54 56 |S)....8.|..,...TV|
|00002760| 20 28 41 2b 42 3a 53 29 | 7e 02 0a 00 39 00 00 00 | (A+B:S)|~...9...|
|00002770| 2d 00 00 00 f0 3f 06 00 | 24 00 39 00 01 00 2e 00 |-....?..|$.9.....|
|00002780| 02 00 00 00 00 50 5c 40 | 00 00 39 00 03 ff 0e 00 |.....P\@|..9.....|
|00002790| 44 30 c0 02 1e 01 00 44 | 31 c0 02 03 15 05 01 02 |D0.....D|1.......|
|000027a0| 06 00 39 00 02 00 2d 00 | 06 00 24 00 39 00 03 00 |..9...-.|..$.9...|
|000027b0| 2e 00 00 00 00 00 00 00 | 44 40 00 00 39 00 05 ff |........|D@..9...|
|000027c0| 0e 00 44 30 c0 03 1e 01 | 00 44 31 c0 03 03 15 05 |..D0....|.D1.....|
|000027d0| 01 02 06 00 39 00 04 00 | 2d 00 06 00 1f 00 39 00 |....9...|-.....9.|
|000027e0| 05 00 2e 00 01 00 00 00 | 00 28 63 40 00 00 39 00 |........|.(c@..9.|
|000027f0| 07 ff 09 00 44 39 c0 01 | 44 39 c0 03 03 01 02 06 |....D9..|D9......|
|00002800| 00 39 00 06 00 2d 00 06 | 00 24 00 39 00 07 00 2e |.9...-..|.$.9....|
|00002810| 00 ca 42 16 b2 90 c5 63 | 40 00 00 3a 00 01 ff 0e |..B....c|@..:....|
|00002820| 00 44 30 c0 05 1e 01 00 | 44 31 c0 05 03 15 05 01 |.D0.....|D1......|
|00002830| 02 06 00 39 00 08 00 2d | 00 7e 02 0a 00 3a 00 00 |...9...-|.~...:..|
|00002840| 00 2d 00 00 00 00 40 06 | 00 24 00 3a 00 01 00 2e |.-....@.|.$.:....|
|00002850| 00 9a 99 99 99 99 47 60 | 40 00 00 3a 00 03 ff 0e |......G`|@..:....|
|00002860| 00 44 39 c0 01 1e 01 00 | 44 31 c0 02 03 15 05 01 |.D9.....|D1......|
|00002870| 02 06 00 3a 00 02 00 2d | 00 06 00 24 00 3a 00 03 |...:...-|...$.:..|
|00002880| 00 2e 00 00 00 00 00 00 | 00 48 40 00 00 3a 00 05 |........|.H@..:..|
|00002890| ff 0e 00 44 39 c0 03 1e | 01 00 44 31 c0 03 03 15 |...D9...|..D1....|
|000028a0| 05 01 02 06 00 3a 00 04 | 00 2d 00 06 00 1f 00 3a |.....:..|.-.....:|
|000028b0| 00 05 00 2e 00 9a 99 99 | 99 99 47 66 40 00 00 3a |........|..Gf@..:|
|000028c0| 00 07 ff 09 00 44 3a c0 | 01 44 3a c0 03 03 01 02 |.....D:.|.D:.....|
|000028d0| 06 00 3a 00 06 00 2d 00 | 06 00 24 00 3a 00 07 00 |..:...-.|..$.:...|
|000028e0| 2e 00 25 50 b4 d5 e0 b9 | 67 40 00 00 3b 00 01 ff |..%P....|g@..;...|
|000028f0| 0e 00 44 39 c0 07 1e 01 | 00 44 31 c0 05 03 15 05 |..D9....|.D1.....|
|00002900| 01 02 06 00 3a 00 08 00 | 2d 00 7e 02 0a 00 3b 00 |....:...|-.~...;.|
|00002910| 00 00 2d 00 00 00 08 40 | 06 00 24 00 3b 00 01 00 |..-....@|..$.;...|
|00002920| 2e 00 0a d7 a3 70 bd b8 | 62 40 00 00 3b 00 03 ff |.....p..|b@..;...|
|00002930| 0e 00 44 3a c0 01 1e 01 | 00 44 31 c0 02 03 15 05 |..D:....|.D1.....|
|00002940| 01 02 06 00 3b 00 02 00 | 2d 00 06 00 24 00 3b 00 |....;...|-...$.;.|
|00002950| 03 00 2e 00 cc cc cc cc | cc cc 4c 40 00 00 3b 00 |........|..L@..;.|
|00002960| 05 ff 0e 00 44 3a c0 03 | 1e 01 00 44 31 c0 03 03 |....D:..|...D1...|
|00002970| 15 05 01 02 06 00 3b 00 | 04 00 2d 00 06 00 1f 00 |......;.|..-.....|
|00002980| 3b 00 05 00 2e 00 3d 0a | d7 a3 f0 eb 69 40 00 00 |;.....=.|....i@..|
|00002990| 3b 00 07 ff 09 00 44 3b | c0 01 44 3b c0 03 03 01 |;.....D;|..D;....|
|000029a0| 02 06 00 3b 00 06 00 2d | 00 06 00 24 00 3b 00 07 |...;...-|...$.;..|
|000029b0| 00 2e 00 2c 60 d8 66 a7 | 78 6c 40 00 00 3c 00 01 |...,`.f.|xl@..<..|
|000029c0| ff 0e 00 44 3a c0 07 1e | 01 00 44 31 c0 05 03 15 |...D:...|..D1....|
|000029d0| 05 01 02 06 00 3b 00 08 | 00 2d 00 7e 02 0a 00 3c |.....;..|.-.~...<|
|000029e0| 00 00 00 2d 00 00 00 10 | 40 06 00 24 00 3c 00 01 |...-....|@..$.<..|
|000029f0| 00 2e 00 b1 9d ef a7 a6 | 87 65 40 00 00 3c 00 03 |........|.e@..<..|
|00002a00| ff 0e 00 44 3b c0 01 1e | 01 00 44 31 c0 02 03 15 |...D;...|..D1....|
|00002a10| 05 01 02 06 00 3c 00 02 | 00 2d 00 06 00 24 00 3c |.....<..|.-...$.<|
|00002a20| 00 03 00 2e 00 47 e1 7a | 14 ae 47 51 40 00 00 3c |.....G.z|..GQ@..<|
|00002a30| 00 05 ff 0e 00 44 3b c0 | 03 1e 01 00 44 31 c0 03 |.....D;.|....D1..|
|00002a40| 03 15 05 01 02 06 00 3c | 00 04 00 2d 00 06 00 1f |.......<|...-....|
|00002a50| 00 3c 00 05 00 2e 00 54 | 0e 2d b2 7d 2b 6e 40 00 |.<.....T|.-.}+n@.|
|00002a60| 00 3c 00 07 ff 09 00 44 | 3c c0 01 44 3c c0 03 03 |.<.....D|<..D<...|
|00002a70| 01 02 06 00 3c 00 06 00 | 2d 00 06 00 24 00 3c 00 |....<...|-...$.<.|
|00002a80| 07 00 2e 00 81 06 b5 3d | 31 15 71 40 00 00 3d 00 |.......=|1.q@..=.|
|00002a90| 01 ff 0e 00 44 3b c0 07 | 1e 01 00 44 31 c0 05 03 |....D;..|...D1...|
|00002aa0| 15 05 01 02 06 00 3c 00 | 08 00 2d 00 7e 02 0a 00 |......<.|..-.~...|
|00002ab0| 3d 00 00 00 2f 00 00 00 | 14 40 06 00 24 00 3d 00 |=.../...|.@..$.=.|
|00002ac0| 01 00 30 00 8b 28 ed 0d | 66 c2 68 40 00 00 3d 00 |..0..(..|f.h@..=.|
|00002ad0| 03 ff 0e 00 44 3c c0 01 | 1e 01 00 44 31 c0 02 03 |....D<..|...D1...|
|00002ae0| 15 05 06 00 2f 00 3d 00 | 02 00 31 00 c7 8e dc f5 |..../.=.|..1.....|
|00002af0| ce 1c ab 40 00 00 3e 00 | 02 ff 19 00 44 3d c0 01 |...@..>.|....D=..|
|00002b00| 1e 01 00 44 32 c0 02 03 | 15 05 44 34 c0 02 44 32 |...D2...|..D4..D2|
|00002b10| c0 02 04 15 06 06 00 24 | 00 3d 00 03 00 30 00 22 |.......$|.=...0."|
|00002b20| db f9 7e 6a bc 54 40 00 | 00 3d 00 05 ff 0e 00 44 |..~j.T@.|.=.....D|
|00002b30| 3c c0 03 1e 01 00 44 31 | c0 03 03 15 05 06 00 2f |<.....D1|......./|
|00002b40| 00 3d 00 04 00 31 00 a8 | 63 eb 02 8f 9a 97 40 00 |.=...1..|c.....@.|
|00002b50| 00 3e 00 04 ff 19 00 44 | 3d c0 03 1e 01 00 44 32 |.>.....D|=.....D2|
|00002b60| c0 03 03 15 05 44 34 c0 | 03 44 32 c0 03 04 15 06 |.....D4.|.D2.....|
|00002b70| 06 00 1f 00 3d 00 05 00 | 30 00 0e 0b b5 a6 4d 90 |....=...|0.....M.|
|00002b80| 71 40 00 00 3d 00 06 ff | 09 00 44 3d c0 01 44 3d |q@..=...|..D=..D=|
|00002b90| c0 03 03 06 00 1f 00 3d | 00 06 00 31 00 4e 20 a9 |.......=|...1.N .|
|00002ba0| 3b 0b 75 b3 40 00 00 3d | 00 07 ff 09 00 44 3d c0 |;.u.@..=|.....D=.|
|00002bb0| 02 44 3d c0 04 03 06 00 | 24 00 3d 00 07 00 30 00 |.D=.....|$.=...0.|
|00002bc0| 9b d4 72 b0 d4 7f 74 40 | 00 00 3d 00 08 ff 0e 00 |..r...t@|..=.....|
|00002bd0| 44 3c c0 07 1e 01 00 44 | 31 c0 05 03 15 05 06 00 |D<.....D|1.......|
|00002be0| 2f 00 3d 00 08 00 2f 00 | 1c 1b c5 7c 02 ea b9 40 |/.=.../.|...|...@|
|00002bf0| 00 00 3e 00 06 ff 19 00 | 44 3d c0 07 1e 01 00 44 |..>.....|D=.....D|
|00002c00| 32 c0 05 03 15 05 44 34 | c0 05 44 32 c0 05 04 15 |2.....D4|..D2....|
|00002c10| 06 04 02 15 00 3e 00 00 | 00 2b 00 0d 00 50 52 45 |.....>..|.+...PRE|
|00002c20| 53 45 4e 54 20 56 41 4c | 55 45 01 02 06 00 3e 00 |SENT VAL|UE....>.|
|00002c30| 01 00 21 00 06 00 76 00 | 3e 00 02 00 1c 00 29 c6 |..!...v.|>.....).|
|00002c40| 0a 4e f8 82 a3 40 00 00 | 34 00 03 ff 60 00 44 39 |.N...@..|4...`.D9|
|00002c50| c0 01 1e 01 00 44 34 c0 | 02 03 15 06 44 3a c0 01 |.....D4.|....D:..|
|00002c60| 1e 01 00 44 34 c0 02 03 | 15 1e 02 00 07 06 03 44 |...D4...|.......D|
|00002c70| 3b c0 01 1e 01 00 44 34 | c0 02 03 15 1e 03 00 07 |;.....D4|........|
|00002c80| 06 03 44 3c c0 01 1e 01 | 00 44 34 c0 02 03 15 1e |..D<....|.D4.....|
|00002c90| 04 00 07 06 03 44 3d c0 | 01 44 3d c0 02 03 15 1e |.....D=.|.D=.....|
|00002ca0| 01 00 44 34 c0 02 03 15 | 1e 05 00 07 06 03 01 02 |..D4....|........|
|00002cb0| 06 00 3e 00 03 00 21 00 | 06 00 76 00 3e 00 04 00 |..>...!.|..v.>...|
|00002cc0| 1c 00 f7 01 ba 9a e9 05 | 90 40 00 00 33 00 04 ff |........|.@..3...|
|00002cd0| 60 00 44 39 c0 03 1e 01 | 00 44 34 c0 03 03 15 06 |`.D9....|.D4.....|
|00002ce0| 44 3a c0 03 1e 01 00 44 | 34 c0 03 03 15 1e 02 00 |D:.....D|4.......|
|00002cf0| 07 06 03 44 3b c0 03 1e | 01 00 44 34 c0 03 03 15 |...D;...|..D4....|
|00002d00| 1e 03 00 07 06 03 44 3c | c0 03 1e 01 00 44 34 c0 |......D<|.....D4.|
|00002d10| 03 03 15 1e 04 00 07 06 | 03 44 3d c0 03 44 3d c0 |........|.D=..D=.|
|00002d20| 04 03 15 1e 01 00 44 34 | c0 03 03 15 1e 05 00 07 |......D4|........|
|00002d30| 06 03 01 02 06 00 3e 00 | 05 00 21 00 06 00 76 00 |......>.|..!...v.|
|00002d40| 3e 00 06 00 1c 00 6e 5d | 5a fd 20 87 ab 40 00 00 |>.....n]|Z. ..@..|
|00002d50| 3e 00 08 ff 60 00 44 39 | c0 05 1e 01 00 44 34 c0 |>...`.D9|.....D4.|
|00002d60| 04 03 15 06 44 3a c0 05 | 1e 01 00 44 34 c0 04 03 |....D:..|...D4...|
|00002d70| 15 1e 02 00 07 06 03 44 | 3b c0 05 1e 01 00 44 34 |.......D|;.....D4|
|00002d80| c0 04 03 15 1e 03 00 07 | 06 03 44 3c c0 05 1e 01 |........|..D<....|
|00002d90| 00 44 34 c0 04 03 15 1e | 04 00 07 06 03 44 3d c0 |.D4.....|.....D=.|
|00002da0| 05 44 3d c0 06 03 15 1e | 01 00 44 34 c0 04 03 15 |.D=.....|..D4....|
|00002db0| 1e 05 00 07 06 03 06 00 | 76 00 3e 00 08 00 1c 00 |........|v.>.....|
|00002dc0| 3c 6a c7 69 d4 ab b1 40 | 00 00 40 00 06 ff 60 00 |<j.i...@|..@...`.|
|00002dd0| 44 39 c0 07 1e 01 00 44 | 34 c0 05 03 15 06 44 3a |D9.....D|4.....D:|
|00002de0| c0 07 1e 01 00 44 34 c0 | 05 03 15 1e 02 00 07 06 |.....D4.|........|
|00002df0| 03 44 3b c0 07 1e 01 00 | 44 34 c0 05 03 15 1e 03 |.D;.....|D4......|
|00002e00| 00 07 06 03 44 3c c0 07 | 1e 01 00 44 34 c0 05 03 |....D<..|...D4...|
|00002e10| 15 1e 04 00 07 06 03 44 | 3d c0 07 44 3d c0 08 03 |.......D|=..D=...|
|00002e20| 15 1e 01 00 44 34 c0 05 | 03 15 1e 05 00 07 06 03 |....D4..|........|
|00002e30| d7 00 44 00 3c 14 00 00 | 6c 02 31 00 3b 00 0a 00 |..D.<...|l.1.;...|
|00002e40| 35 00 ab 00 10 00 80 00 | 65 00 10 00 b4 00 66 00 |5.......|e.....f.|
|00002e50| 00 00 d8 00 72 00 00 00 | 62 00 b7 01 bd 00 bc 00 |....r...|b.......|
|00002e60| e0 00 bf 00 47 00 00 00 | 00 00 bd 00 d1 00 d1 00 |....G...|........|
|00002e70| d1 00 d1 00 65 01 1f 02 | 08 02 10 00 40 00 00 00 |....e...|....@...|
|00002e80| 08 00 90 01 00 00 09 00 | c0 01 21 90 08 02 10 00 |........|..!.....|
|00002e90| 41 00 00 00 08 00 90 01 | 00 00 01 00 c0 01 21 00 |A.......|......!.|
|00002ea0| 08 02 10 00 42 00 00 00 | 08 00 90 01 00 00 00 00 |....B...|........|
|00002eb0| c0 01 21 20 08 02 10 00 | 43 00 00 00 08 00 90 01 |..! ....|C.......|
|00002ec0| 00 00 00 00 c0 01 39 10 | 08 02 10 00 44 00 00 00 |......9.|....D...|
|00002ed0| 08 00 90 01 00 00 00 00 | c0 01 1a c0 08 02 10 00 |........|........|
|00002ee0| 45 00 00 00 08 00 90 01 | 00 00 32 6e c0 01 1a 40 |E.......|..2n...@|
|00002ef0| 08 02 10 00 46 00 00 00 | 08 00 90 01 00 00 05 00 |....F...|........|
|00002f00| c0 01 1a 00 08 02 10 00 | 47 00 00 00 08 00 90 01 |........|G.......|
|00002f10| 00 00 c0 b8 c0 01 1a 80 | 08 02 10 00 48 00 00 00 |........|....H...|
|00002f20| 08 00 90 01 00 00 72 7e | c0 01 1a 40 08 02 10 00 |......r~|...@....|
|00002f30| 49 00 00 00 08 00 90 01 | 00 00 c0 b8 c0 01 1a 40 |I.......|.......@|
|00002f40| 08 02 10 00 4a 00 00 00 | 08 00 90 01 00 00 d0 b8 |....J...|........|
|00002f50| c0 01 39 00 08 02 10 00 | 4b 00 00 00 08 00 90 01 |..9.....|K.......|
|00002f60| 00 00 c0 b8 c0 01 1a c0 | 08 02 10 00 4c 00 00 00 |........|....L...|
|00002f70| 08 00 90 01 00 00 ff 7f | c0 01 1a c0 08 02 10 00 |........|........|
|00002f80| 4d 00 00 00 08 00 90 01 | 00 00 c0 25 c0 01 1a 00 |M.......|...%....|
|00002f90| 08 02 10 00 4e 00 00 00 | 08 00 90 01 00 00 00 00 |....N...|........|
|00002fa0| c0 01 1a 00 08 02 10 00 | 4f 00 00 00 08 00 90 01 |........|O.......|
|00002fb0| 00 00 00 00 c0 01 1a 00 | 08 02 10 00 50 00 00 00 |........|....P...|
|00002fc0| 01 00 90 01 00 00 40 b9 | c0 01 1a 40 08 02 10 00 |......@.|...@....|
|00002fd0| 51 00 00 00 01 00 90 01 | 00 00 30 b9 c0 01 1a c0 |Q.......|..0.....|
|00002fe0| 08 02 10 00 52 00 00 00 | 01 00 90 01 00 00 30 b9 |....R...|......0.|
|00002ff0| c0 01 1a 00 04 02 1c 00 | 40 00 03 00 33 00 14 00 |........|@...3...|
|00003000| 47 61 69 6e 73 20 66 72 | 6f 6d 20 73 79 6e 65 72 |Gains fr|om syner|
|00003010| 67 79 20 3d be 00 0a 00 | 40 00 04 00 34 00 34 00 |gy =....|@...4.4.|
|00003020| 05 00 06 00 1f 00 40 00 | 06 00 16 00 28 dc d1 58 |......@.|....(..X|
|00003030| 1f 42 8f 40 00 00 41 00 | 06 ff 09 00 44 3e c0 08 |.B.@..A.|....D>..|
|00003040| 44 3e c0 06 04 01 02 06 | 00 40 00 07 00 35 00 04 |D>......|.@...5..|
|00003050| 02 32 00 41 00 03 00 36 | 00 2a 00 4d 6f 73 74 20 |.2.A...6|.*.Most |
|00003060| 74 68 61 74 20 62 69 64 | 64 65 72 20 66 69 72 6d |that bid|der firm|
|00003070| 20 63 61 6e 20 62 69 64 | 20 66 6f 72 20 74 61 72 | can bid| for tar|
|00003080| 67 65 74 20 3d be 00 0a | 00 41 00 04 00 35 00 35 |get =...|.A...5.5|
|00003090| 00 05 00 06 00 1f 00 41 | 00 06 00 17 00 0b f0 22 |.......A|......."|
|000030a0| 47 f9 a6 9f 40 00 00 42 | 00 06 ff 09 00 44 3e c0 |G...@..B|.....D>.|
|000030b0| 04 44 40 c0 06 03 04 02 | 29 00 42 00 03 00 37 00 |.D@.....|).B...7.|
|000030c0| 21 00 25 20 50 72 65 6d | 69 75 6d 20 6f 76 65 72 |!.% Prem|ium over|
|000030d0| 20 74 68 65 20 6d 61 72 | 6b 65 74 20 70 72 69 63 | the mar|ket pric|
|000030e0| 65 20 3d be 00 0a 00 42 | 00 04 00 38 00 38 00 05 |e =....B|...8.8..|
|000030f0| 00 06 00 1f 00 42 00 06 | 00 18 00 94 a6 fb 90 96 |.....B..|........|
|00003100| 36 ef 3f 00 00 20 6d 76 | fd 09 00 44 40 c0 06 44 |6.?.. mv|...D@..D|
|00003110| 3e c0 04 06 04 02 0e 00 | 43 00 00 00 39 00 06 00 |>.......|C...9...|
|00003120| 4e 4f 54 45 53 3a 04 02 | 8b 00 44 00 00 00 1a 00 |NOTES:..|..D.....|
|00003130| 83 00 28 31 29 20 49 74 | 20 69 73 20 6e 6f 74 20 |..(1) It| is not |
|00003140| 73 69 6d 70 6c 65 20 74 | 6f 20 62 61 63 6b 20 6f |simple t|o back o|
|00003150| 75 74 20 74 68 65 20 67 | 72 6f 77 74 68 20 72 61 |ut the g|rowth ra|
|00003160| 74 65 73 20 66 6f 72 20 | 74 68 65 20 63 6f 6d 62 |tes for |the comb|
|00003170| 69 6e 65 64 20 66 69 72 | 6d 20 77 68 65 6e 20 74 |ined fir|m when t|
|00003180| 68 65 72 65 20 69 73 20 | 6e 6f 20 73 79 6e 65 72 |here is |no syner|
|00003190| 67 79 20 62 65 63 61 75 | 73 65 20 67 72 6f 77 74 |gy becau|se growt|
|000031a0| 68 20 72 61 74 65 73 20 | 77 69 6c 6c 20 63 68 61 |h rates |will cha|
|000031b0| 6e 67 65 2e 20 04 02 8d | 00 45 00 00 00 1a 00 85 |nge. ...|.E......|
|000031c0| 00 28 32 29 20 49 74 20 | 69 73 20 66 61 72 20 73 |.(2) It |is far s|
|000031d0| 69 6d 70 6c 65 72 20 74 | 6f 20 72 65 6d 65 6d 62 |impler t|o rememb|
|000031e0| 65 72 20 74 68 61 74 20 | 69 6e 20 74 68 65 20 61 |er that |in the a|
|000031f0| 62 73 65 6e 63 65 20 6f | 66 20 73 79 6e 65 72 67 |bsence o|f synerg|
|00003200| 79 20 74 68 65 20 63 61 | 73 68 66 6c 6f 77 73 2c |y the ca|shflows,|
|00003210| 20 74 65 72 6d 69 6e 61 | 6c 20 76 61 6c 75 65 20 | termina|l value |
|00003220| 61 6e 64 20 70 72 65 73 | 65 6e 74 20 76 61 6c 75 |and pres|ent valu|
|00003230| 65 20 6f 66 20 74 68 65 | 20 63 6f 6d 62 69 6e 65 |e of the| combine|
|00003240| 64 20 66 69 72 6d 04 02 | 4d 00 46 00 00 00 1a 00 |d firm..|M.F.....|
|00003250| 45 00 77 69 6c 6c 20 61 | 6c 77 61 79 73 20 62 65 |E.will a|lways be|
|00003260| 20 65 71 75 61 6c 20 74 | 6f 20 74 68 65 20 73 75 | equal t|o the su|
|00003270| 6d 20 6f 66 20 74 68 65 | 20 73 61 6d 65 20 66 6f |m of the| same fo|
|00003280| 72 20 74 68 65 20 69 6e | 64 69 76 69 64 75 61 6c |r the in|dividual|
|00003290| 20 66 69 72 6d 73 2e 04 | 02 8a 00 47 00 00 00 1a | firms..|...G....|
|000032a0| 00 82 00 28 33 29 20 54 | 6f 20 62 61 63 6b 20 6f |...(3) T|o back o|
|000032b0| 75 74 20 74 68 65 20 74 | 65 72 6d 69 6e 61 6c 20 |ut the t|erminal |
|000032c0| 67 72 6f 77 74 68 20 72 | 61 74 65 20 6f 66 20 74 |growth r|ate of t|
|000032d0| 68 65 20 63 6f 6d 62 69 | 6e 65 64 20 66 69 72 6d |he combi|ned firm|
|000032e0| 20 69 6e 20 74 68 65 20 | 61 62 73 65 6e 63 65 20 | in the |absence |
|000032f0| 6f 66 20 73 79 6e 65 72 | 67 79 2c 20 75 73 65 20 |of syner|gy, use |
|00003300| 74 68 65 20 63 6f 6d 62 | 69 6e 65 64 20 74 65 72 |the comb|ined ter|
|00003310| 6d 69 6e 61 6c 20 76 61 | 6c 75 65 20 65 73 74 69 |minal va|lue esti|
|00003320| 6d 61 74 65 64 04 02 5e | 00 48 00 00 00 1a 00 56 |mated..^|.H.....V|
|00003330| 00 69 6e 20 63 6f 6e 6a | 75 6e 63 74 69 6f 6e 20 |.in conj|unction |
|00003340| 77 69 74 68 20 74 68 65 | 20 72 65 71 75 69 72 65 |with the| require|
|00003350| 64 20 72 61 74 65 20 6f | 66 20 72 65 74 75 72 6e |d rate o|f return|
|00003360| 20 74 6f 20 73 6f 6c 76 | 65 20 66 6f 72 20 74 68 | to solv|e for th|
|00003370| 65 20 74 65 72 6d 69 6e | 61 6c 20 67 72 6f 77 74 |e termin|al growt|
|00003380| 68 20 72 61 74 65 2e 04 | 02 20 00 4a 00 00 00 39 |h rate..|. .J...9|
|00003390| 00 18 00 53 54 45 50 53 | 20 49 4e 20 56 41 4c 55 |...STEPS| IN VALU|
|000033a0| 49 4e 47 20 53 59 4e 45 | 52 47 59 04 02 58 00 4b |ING SYNE|RGY..X.K|
|000033b0| 00 00 00 1a 00 50 00 31 | 2e 20 56 61 6c 75 65 20 |.....P.1|. Value |
|000033c0| 65 61 63 68 20 66 69 72 | 6d 20 73 65 70 61 72 61 |each fir|m separa|
|000033d0| 74 65 6c 79 2c 20 70 72 | 6f 6a 65 63 74 69 6e 67 |tely, pr|ojecting|
|000033e0| 20 6f 75 74 20 66 72 65 | 65 20 63 61 73 68 66 6c | out fre|e cashfl|
|000033f0| 6f 77 73 20 61 6e 64 20 | 74 65 72 6d 69 6e 61 6c |ows and |terminal|
|00003400| 20 76 61 6c 75 65 2e 04 | 02 7a 00 4c 00 00 00 1a | value..|.z.L....|
|00003410| 00 72 00 32 2e 20 56 61 | 6c 75 65 20 74 68 65 20 |.r.2. Va|lue the |
|00003420| 63 6f 6d 62 69 6e 65 64 | 20 66 69 72 6d 20 61 73 |combined| firm as|
|00003430| 73 75 6d 69 6e 67 20 6e | 6f 20 73 79 6e 65 72 67 |suming n|o synerg|
|00003440| 79 2e 20 28 41 64 64 20 | 75 70 20 74 68 65 20 70 |y. (Add |up the p|
|00003450| 72 65 73 65 6e 74 20 76 | 61 6c 75 65 73 20 66 6f |resent v|alues fo|
|00003460| 72 20 74 68 65 20 74 77 | 6f 20 66 69 72 6d 73 20 |r the tw|o firms |
|00003470| 65 73 74 69 6d 61 74 65 | 64 20 20 69 6e 20 73 74 |estimate|d in st|
|00003480| 65 70 20 31 29 04 02 7f | 00 4d 00 00 00 1a 00 77 |ep 1)...|.M.....w|
|00003490| 00 33 2e 20 50 72 65 70 | 61 72 65 20 61 20 63 61 |.3. Prep|are a ca|
|000034a0| 73 68 66 6c 6f 77 20 73 | 74 61 74 65 6d 65 6e 74 |shflow s|tatement|
|000034b0| 20 66 6f 72 20 74 68 65 | 20 63 6f 6d 62 69 6e 65 | for the| combine|
|000034c0| 64 20 66 69 72 6d 20 62 | 79 20 6a 75 73 74 20 61 |d firm b|y just a|
|000034d0| 64 64 69 6e 67 20 75 70 | 20 74 68 65 20 69 74 65 |dding up| the ite|
|000034e0| 6d 73 20 6f 6e 20 74 68 | 65 20 69 6e 64 69 76 69 |ms on th|e indivi|
|000034f0| 64 75 61 6c 20 66 69 72 | 6d 73 27 20 73 74 61 74 |dual fir|ms' stat|
|00003500| 65 6d 65 6e 74 73 2e 20 | 04 02 6f 00 4e 00 00 00 |ements. |..o.N...|
|00003510| 1a 00 67 00 34 2e 20 45 | 76 61 6c 75 61 74 65 20 |..g.4. E|valuate |
|00003520| 77 68 65 72 65 20 74 68 | 65 20 67 61 69 6e 73 20 |where th|e gains |
|00003530| 66 72 6f 6d 20 73 79 6e | 65 72 67 79 20 61 72 65 |from syn|ergy are|
|00003540| 20 67 6f 69 6e 67 20 74 | 6f 20 63 6f 6d 65 20 66 | going t|o come f|
|00003550| 72 6f 6d 2e 20 28 48 69 | 67 68 65 72 20 72 65 76 |rom. (Hi|gher rev|
|00003560| 65 6e 75 65 20 67 72 6f | 77 74 68 20 6f 72 20 6c |enue gro|wth or l|
|00003570| 6f 77 65 72 20 63 6f 73 | 74 73 29 04 02 89 00 4f |ower cos|ts)....O|
|00003580| 00 00 00 1a 00 81 00 35 | 2e 20 54 72 61 6e 73 6c |.......5|. Transl|
|00003590| 61 74 65 20 74 68 65 20 | 73 79 6e 65 72 67 79 20 |ate the |synergy |
|000035a0| 67 61 69 6e 20 69 6e 74 | 6f 20 64 6f 6c 6c 61 72 |gain int|o dollar|
|000035b0| 73 20 6f 6e 20 74 68 65 | 20 63 6f 6d 62 69 6e 65 |s on the| combine|
|000035c0| 64 20 73 74 61 74 65 6d | 65 6e 74 2e 20 49 66 20 |d statem|ent. If |
|000035d0| 72 65 76 65 6e 75 65 73 | 20 61 72 65 20 67 6f 69 |revenues| are goi|
|000035e0| 6e 67 20 74 6f 20 67 72 | 6f 77 20 66 61 73 74 65 |ng to gr|ow faste|
|000035f0| 72 20 62 65 63 61 75 73 | 65 20 6f 66 20 74 68 65 |r becaus|e of the|
|00003600| 20 73 79 6e 65 72 67 79 | 04 02 95 00 50 00 00 00 | synergy|....P...|
|00003610| 1a 00 8d 00 61 70 70 6c | 79 20 61 20 66 61 73 74 |....appl|y a fast|
|00003620| 65 72 20 67 72 6f 77 74 | 68 20 72 61 74 65 20 74 |er growt|h rate t|
|00003630| 6f 20 72 65 76 65 6e 75 | 65 20 69 6e 20 74 68 65 |o revenu|e in the|
|00003640| 20 63 6f 6d 62 69 6e 65 | 64 20 73 74 61 74 65 6d | combine|d statem|
|00003650| 65 6e 74 2e 20 49 66 20 | 63 6f 73 74 73 20 61 72 |ent. If |costs ar|
|00003660| 65 20 67 6f 69 6e 67 20 | 74 6f 20 62 65 20 63 75 |e going |to be cu|
|00003670| 74 2c 20 73 68 6f 77 20 | 74 68 65 20 72 65 64 75 |t, show |the redu|
|00003680| 63 74 69 6f 6e 73 20 69 | 6e 20 63 6f 73 74 73 20 |ctions i|n costs |
|00003690| 6f 6e 20 74 68 65 20 73 | 74 61 74 65 6d 65 6e 74 |on the s|tatement|
|000036a0| 2e 04 02 55 00 51 00 00 | 00 1a 00 4d 00 36 2e 20 |...U.Q..|...M.6. |
|000036b0| 43 61 6c 63 75 6c 61 74 | 65 20 74 68 65 20 76 61 |Calculat|e the va|
|000036c0| 6c 75 65 20 6f 66 20 74 | 68 65 20 63 6f 6d 62 69 |lue of t|he combi|
|000036d0| 6e 65 64 20 66 69 72 6d | 20 77 69 74 68 20 74 68 |ned firm| with th|
|000036e0| 65 20 63 68 61 6e 67 65 | 73 20 6d 61 64 65 20 69 |e change|s made i|
|000036f0| 6e 20 73 74 65 70 20 35 | 2e 20 04 02 86 00 52 00 |n step 5|. ....R.|
|00003700| 00 00 1a 00 7e 00 37 2e | 20 43 6f 6d 70 61 72 65 |....~.7.| Compare|
|00003710| 20 74 6f 20 74 68 65 20 | 76 61 6c 75 65 20 69 6e | to the |value in|
|00003720| 20 73 74 65 70 20 32 2e | 20 54 68 65 20 64 69 66 | step 2.| The dif|
|00003730| 66 65 72 65 6e 63 65 20 | 69 73 20 74 68 65 20 73 |ference |is the s|
|00003740| 79 6e 65 72 67 79 20 67 | 61 69 6e 2e 20 54 68 69 |ynergy g|ain. Thi|
|00003750| 73 20 69 73 20 74 68 65 | 20 4d 4f 53 54 20 74 68 |s is the| MOST th|
|00003760| 61 74 20 6f 6e 65 20 73 | 68 6f 75 6c 64 20 61 73 |at one s|hould as|
|00003770| 20 61 20 74 61 6b 65 6f | 76 65 72 20 70 72 65 6d | a takeo|ver prem|
|00003780| 69 75 6d 2e d7 00 2a 00 | 0c 09 00 00 68 01 5b 00 |ium...*.|....h.[.|
|00003790| 67 00 5e 00 12 00 8f 00 | 91 00 51 00 8e 00 62 00 |g.^.....|..Q...b.|
|000037a0| 00 00 24 00 5c 00 7e 00 | 83 00 73 00 8d 00 99 00 |..$.\.~.|..s.....|
|000037b0| 59 00 3d 00 12 00 a0 00 | 28 00 c0 26 08 16 38 00 |Y.=.....|(..&..8.|
|000037c0| 00 00 00 00 01 00 58 02 | 3e 02 0a 00 b4 06 00 00 |......X.|>.......|
|000037d0| 00 00 00 00 00 00 1d 00 | 0f 00 03 46 00 07 00 00 |........|...F....|
|000037e0| 00 01 00 46 00 46 00 07 | 07 ab 00 22 00 20 00 00 |...F.F..|...". ..|
|000037f0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003800| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 0a |........|........|
|00003810| 00 00 00 ff 00 01 00 fc | 00 00 00 00 00 00 07 d4 |........|........|
|00003820| ff ff ff ff 00 00 01 e0 | 00 00 38 14 00 00 38 4c |........|..8...8L|
|00003830| 00 01 00 fd 00 00 00 00 | 00 00 04 4f ff ff ff ff |........|...O....|
|00003840| 00 00 37 f8 ff ff ff ff | 00 00 38 30 00 01 00 fe |..7.....|..80....|
|00003850| 00 00 00 00 00 00 02 19 | ff ff ff ff 00 00 37 f8 |........|......7.|
|00003860| ff ff ff ff ff ff ff ff | 00 02 00 00 00 00 00 00 |........|........|
|00003870| 00 00 07 e6 ff ff ff ff | 00 00 01 e0 00 00 38 68 |........|......8h|
|00003880| 00 00 38 a0 00 02 00 01 | 00 00 00 00 00 00 04 4f |..8.....|.......O|
|00003890| ff ff ff ff 00 00 38 4c | ff ff ff ff 00 00 38 84 |......8L|......8.|
|000038a0| 00 02 00 02 00 00 00 00 | 00 00 02 19 ff ff ff ff |........|........|
|000038b0| 00 00 38 4c ff ff ff ff | ff ff ff ff 00 02 00 03 |..8L....|........|
|000038c0| 00 00 00 00 00 00 07 e7 | ff ff ff ff 00 00 01 e0 |........|........|
|000038d0| 00 00 38 bc 00 00 38 f4 | 00 02 00 04 00 00 00 00 |..8...8.|........|
|000038e0| 00 00 04 4f ff ff ff ff | 00 00 38 a0 ff ff ff ff |...O....|..8.....|
|000038f0| 00 00 38 d8 00 02 00 05 | 00 00 00 00 00 00 02 19 |..8.....|........|
|00003900| ff ff ff ff 00 00 38 a0 | ff ff ff ff ff ff ff ff |......8.|........|
|00003910| 00 02 00 06 00 00 00 00 | 00 00 07 e8 ff ff ff ff |........|........|
|00003920| 00 00 01 e0 00 00 39 10 | 00 00 39 48 00 02 00 07 |......9.|..9H....|
|00003930| 00 00 00 00 00 00 04 4f | ff ff ff ff 00 00 38 f4 |.......O|......8.|
|00003940| ff ff ff ff 00 00 39 2c | 00 02 00 08 00 00 00 00 |......9,|........|
|00003950| 00 00 02 19 ff ff ff ff | 00 00 38 f4 ff ff ff ff |........|..8.....|
|00003960| ff ff ff ff 00 02 00 09 | 00 00 00 00 00 00 07 e9 |........|........|
|00003970| ff ff ff ff 00 00 01 e0 | 00 00 39 64 00 00 39 9c |........|..9d..9.|
|00003980| 00 02 00 0a 00 00 00 00 | 00 00 04 4f ff ff ff ff |........|...O....|
|00003990| 00 00 39 48 ff ff ff ff | 00 00 39 80 00 02 00 0b |..9H....|..9.....|
|000039a0| 00 00 00 00 00 00 02 19 | ff ff ff ff 00 00 39 48 |........|......9H|
|000039b0| ff ff ff ff ff ff ff ff | 00 02 00 0c 00 00 00 00 |........|........|
|000039c0| 00 00 07 ea ff ff ff ff | 00 00 01 e0 00 00 39 b8 |........|......9.|
|000039d0| 00 00 39 f0 00 02 00 0d | 00 00 00 00 00 00 04 4f |..9.....|.......O|
|000039e0| ff ff ff ff 00 00 39 9c | ff ff ff ff 00 00 39 d4 |......9.|......9.|
|000039f0| 00 02 00 0e 00 00 00 00 | 00 00 02 19 ff ff ff ff |........|........|
|00003a00| 01 00 00 00 02 00 00 00 | 03 00 00 00 fe ff ff ff |........|........|
|00003a10| 05 00 00 00 06 00 00 00 | 07 00 00 00 fe ff ff ff |........|........|
|00003a20| 09 00 00 00 fe ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a30| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a40| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a50| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a60| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a70| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a80| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003a90| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003aa0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ab0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ac0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ad0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ae0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003af0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b00| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b10| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b20| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b30| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b40| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b50| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b60| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b70| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b80| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003b90| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ba0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003bb0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003bc0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003bd0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003be0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003bf0| ff ff ff ff ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003c00| fe ff 00 00 03 0a 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003c10| 00 00 00 00 00 00 00 00 | 01 00 00 00 e0 85 9f f2 |........|........|
|00003c20| f9 4f 68 10 ab 91 08 00 | 2b 27 b3 d9 30 00 00 00 |.Oh.....|+'..0...|
|00003c30| a4 00 00 00 06 00 00 00 | 01 00 00 00 38 00 00 00 |........|....8...|
|00003c40| 04 00 00 00 40 00 00 00 | 08 00 00 00 5c 00 00 00 |....@...|....\...|
|00003c50| 12 00 00 00 78 00 00 00 | 0c 00 00 00 90 00 00 00 |....x...|........|
|00003c60| 13 00 00 00 9c 00 00 00 | 02 00 00 00 10 27 00 00 |........|.....'..|
|00003c70| 1e 00 00 00 11 00 00 00 | 41 73 77 61 74 68 20 44 |........|Aswath D|
|00003c80| 61 6d 6f 64 61 72 61 6e | 00 39 00 38 1e 00 00 00 |amodaran|.9.8....|
|00003c90| 11 00 00 00 41 73 77 61 | 74 68 20 44 61 6d 6f 64 |....Aswa|th Damod|
|00003ca0| 61 72 61 6e 00 39 00 38 | 1e 00 00 00 10 00 00 00 |aran.9.8|........|
|00003cb0| 4d 69 63 72 6f 73 6f 66 | 74 20 45 78 63 65 6c 00 |Microsof|t Excel.|
|00003cc0| 40 00 00 00 80 ce 12 f5 | c6 a5 bd 01 03 00 00 00 |@.......|........|
|00003cd0| 00 00 00 00 ff ff ff ff | 00 00 3c 90 ff ff ff ff |........|..<.....|
|00003ce0| 00 00 3c c8 00 02 00 29 | 00 00 00 00 00 00 02 19 |..<....)|........|
|00003cf0| ff ff ff ff 00 00 3c 90 | ff ff ff ff ff ff ff ff |......<.|........|
|00003d00| fe ff 00 00 03 0a 01 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003d10| 00 00 00 00 00 00 00 00 | 01 00 00 00 02 d5 cd d5 |........|........|
|00003d20| 9c 2e 1b 10 93 97 08 00 | 2b 2c f9 ae 30 00 00 00 |........|+,..0...|
|00003d30| a4 00 00 00 06 00 00 00 | 01 00 00 00 38 00 00 00 |........|....8...|
|00003d40| 0f 00 00 00 40 00 00 00 | 0b 00 00 00 58 00 00 00 |....@...|....X...|
|00003d50| 10 00 00 00 60 00 00 00 | 0d 00 00 00 68 00 00 00 |....`...|....h...|
|00003d60| 0c 00 00 00 80 00 00 00 | 02 00 00 00 10 27 00 00 |........|.....'..|
|00003d70| 1e 00 00 00 0d 00 00 00 | 53 74 65 72 6e 20 53 63 |........|Stern Sc|
|00003d80| 68 6f 6f 6c 00 65 6c 00 | 0b 00 00 00 00 00 00 00 |hool.el.|........|
|00003d90| 0b 00 00 00 00 00 00 00 | 1e 10 00 00 01 00 00 00 |........|........|
|00003da0| 0c 00 00 00 73 79 6e 65 | 72 67 79 2e 78 6c 73 00 |....syne|rgy.xls.|
|00003db0| 0c 10 00 00 02 00 00 00 | 1e 00 00 00 0b 00 00 00 |........|........|
|00003dc0| 57 6f 72 6b 73 68 65 65 | 74 73 00 03 00 00 00 01 |Workshee|ts......|
|00003dd0| 00 00 00 00 00 00 3d 8c | ff ff ff ff 00 00 3d c4 |......=.|......=.|
|00003de0| 00 02 00 32 00 00 00 00 | 00 00 02 19 ff ff ff ff |...2....|........|
|00003df0| 00 00 3d 8c ff ff ff ff | ff ff ff ff 00 02 00 33 |..=.....|.......3|
|00003e00| 01 00 43 00 6f 00 6d 00 | 70 00 4f 00 62 00 6a 00 |..C.o.m.|p.O.b.j.|
|00003e10| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e20| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e30| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e40| 12 00 02 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003e50| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e60| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e70| 00 00 00 00 08 00 00 00 | 58 00 00 00 00 00 00 00 |........|X.......|
|00003e80| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003e90| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003ea0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003eb0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003ec0| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003ed0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003ee0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003ef0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f00| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f10| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f20| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f30| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f40| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003f50| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f60| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f70| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f80| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003f90| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003fa0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003fb0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003fc0| 00 00 00 00 ff ff ff ff | ff ff ff ff ff ff ff ff |........|........|
|00003fd0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003fe0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00003ff0| 00 00 00 00 00 00 00 00 | 00 00 00 00 00 00 00 00 |........|........|
|00004000| 01 00 fe ff 02 00 01 00 | ff ff ff ff 10 08 02 00 |........|........|
|00004010| 00 00 00 00 c0 00 00 00 | 00 00 00 46 1a 00 00 00 |........|...F....|
|00004020| 4d 69 63 72 6f 73 6f 66 | 74 20 45 78 63 65 6c 20 |Microsof|t Excel |
|00004030| 57 6f 72 6b 73 68 65 65 | 74 00 fe ff ff ff 38 46 |Workshee|t.....8F|
|00004040| 49 42 0e 00 00 00 45 78 | 63 65 6c 2e 53 68 65 65 |IB....Ex|cel.Shee|
|00004050| 74 2e 35 00 00 00 00 00 | 00 00 07 da ff ff ff ff |t.5.....|........|
|00004060| 00 00 01 e0 00 00 40 50 | 00 00 40 88 00 02 00 49 |......@P|..@....I|
|00004070| 00 00 00 00 00 00 04 4f | ff ff ff ff 00 00 40 34 |.......O|......@4|
|00004080| ff ff ff ff 00 00 40 6c | 00 02 00 4a 00 00 00 00 |......@l|...J....|
|00004090| 00 00 02 19 ff ff ff ff | 00 00 40 34 ff ff ff ff |........|..@4....|
|000040a0| ff ff ff ff 00 02 00 4b | 00 00 00 00 00 00 07 db |.......K|........|
|000040b0| ff ff ff ff 00 00 01 e0 | 00 00 40 a4 00 00 40 dc |........|..@...@.|
|000040c0| 00 02 00 4c 00 00 00 00 | 00 00 04 4f ff ff ff ff |...L....|...O....|
|000040d0| 00 00 40 88 ff ff ff ff | 00 00 40 c0 00 02 00 4d |..@.....|..@....M|
|000040e0| 00 00 00 00 00 00 02 19 | ff ff ff ff 00 00 40 88 |........|......@.|
|000040f0| ff ff ff ff ff ff ff ff | 00 02 00 4e 00 00 00 00 |........|...N....|
|00004100| 00 00 07 dc ff ff ff ff | 00 00 01 e0 00 00 40 f8 |........|......@.|
|00004110| 00 00 41 30 00 02 00 4f | 00 00 00 00 00 00 04 4f |..A0...O|.......O|
|00004120| ff ff ff ff 00 00 40 dc | ff ff ff ff 00 00 41 14 |......@.|......A.|
|00004130| 00 02 00 50 00 00 00 00 | 00 00 02 19 ff ff ff ff |...P....|........|
|00004140| 00 00 40 dc ff ff ff ff | ff ff ff ff 00 02 00 51 |..@.....|.......Q|
|00004150| 00 00 00 00 00 00 07 e6 | ff ff ff ff 00 00 01 e0 |........|........|
|00004160| 00 00 41 4c 00 00 41 84 | 00 02 00 52 00 00 00 00 |..AL..A.|...R....|
|00004170| 00 00 04 4f ff ff ff ff | 00 00 41 30 ff ff ff ff |...O....|..A0....|
|00004180| 00 00 41 68 00 02 00 53 | 00 00 00 00 00 00 02 19 |..Ah...S|........|
|00004190| ff ff ff ff 00 00 41 30 | ff ff ff ff ff ff ff ff |......A0|........|
|000041a0| 00 02 00 54 00 00 00 00 | 00 00 07 dd ff ff ff ff |...T....|........|
|000041b0| 00 00 01 e0 00 00 41 a0 | 00 00 41 d8 00 02 00 55 |......A.|..A....U|
|000041c0| 00 00 00 00 00 00 04 4f | ff ff ff ff 00 00 41 84 |.......O|......A.|
|000041d0| ff ff ff ff 00 00 41 bc | 00 02 00 56 00 00 00 00 |......A.|...V....|
|000041e0| 00 00 02 19 ff ff ff ff | 00 00 41 84 ff ff ff ff |........|..A.....|
|000041f0| ff ff ff ff 00 02 00 57 | 00 00 00 00 00 00 07 de |.......W|........|
+--------+-------------------------+-------------------------+--------+--------+