Spreadsheet: benjamin_rogers__1087__LV Cogen
Sheet: CCFMODEL

99 | 2 | 7
150 | 1 | 99
6 | Proof
 |  |  |  |  |  | )
Scheduled Capital Expenditures |  |  | Total Asset
Depreciable Assets |  |  | Book Value |  |  |  |  |  |  |  |  |  |  |  |  | Summary!D50 |  |  |  | Summary!D56 |  |  |  | Summary!D62
 | Fixed Assets | Purchase Price |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Partial Overhaul 1 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | [NAME] |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Partial Overhaul 2 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | [NAME] |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Asset 6 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Asset 7 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Asset 8 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Asset 9 |  |  |  | Not all formulas in row same |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Asset 10 |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | Total Fixed Assets |  | 0 | 0 | 0
Capitalized Construction Interest/Intangibles
 |  | Funding 1 |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Rate: | 0.13 | Funding 2 |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | Subtotal |  | 0 | 0 | 0 | 0
Non-Depreciable Assets (Land) |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Total Capital Expenditures
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Oil & Gas Prices
Depreciation & Amortization Parameters |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Oil & Gas Reserve Information
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Hedging Profits/(Losses)
 |  | Book Capitalization and Depreciation |  |  |  |  |  |  |  |  | Tax Depreciation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Oil & Gas Reserve Totals
 |  |  |  |  | Start
 |  |  | Simulated | Residual/ | Depreciation |  | Method | DB Decline |  |  |  |  | Simulated | Residual/ | Start |  | Method | DB Decline
Depreciable Assets |  | Desc. | Cost | Salvage | (mm/dd/yy) | Life (yrs) | (SL/DB) | Rate |  |  | Desc. |  | Value | Salvage | (mm/dd/yy) | Life (yrs.) | (SL/DB) | Rate
 |  |  |  | 0
 |  |  |  | 0
 |  |  |  | 0 |  | 8
 |  |  |  | 0
 |  |  |  | 0
 |  | [NAME] |  | 0 |  |  | SL | 0 | 1997-06-30 00:00:00 |  |  |  |  |  |  |  | DB | 1.5
 |  |  |  | 0 |  | 6 | DB | 2 |  |  |  |  |  |  | 1997-06-15 00:00:00 | 5 | DB | 2
 |  |  |  | 0 |  | 6 | DB | 2 |  |  |  |  |  |  | 1997-06-15 00:00:00 | 5 | DB | 2
 |  |  |  | 0 |  | 6 | DB | 2 |  |  |  |  |  |  | 1997-06-15 00:00:00 | 5 | DB | 2
 |  |  |  | 0 |  | 6 | DB | 2 |  |  |  |  |  |  | 1997-06-15 00:00:00 | 5 | DB | 2
 |  | Subtotal |  |  |  |  |  |  |  |  | Subtotal
Capitalized Construction Interest/Intangibles
 |  |  |  | 0 |  | 7 | SL | 1.5 |  |  |  |  |  |  |  | 5 | SL | 2
 |  |  |  | 0 | 1997-05-15 00:00:00 | 2 | SL |  |  |  |  |  |  |  | 1997-11-12 00:00:00 | 2 | DB | 1.5
 |  | Subtotal |  |  |  |  |  |  |  |  | Subtotal
 |  |  |  |  |  |  |  |  |  |  |  | diff. vs. book:
Scheduled Depreciation Expense - Book
Depreciable Assets
 | Total Depreciation Expense
Capitalized Construction Interest/Intangibles
 | Total Amortization of Capitalized Interest
Total Book Depreciation/Amortization Expense
chk:
Scheduled Depreciation Expense - Tax |  |  |  |  |  | 20 yrs MACRS (1/2 yr.) |  | 0.0375 | 0.07219 | 0.06677 | 0.06177 | 0.05713 | 0.05285 | 0.04888 | 0.04522 | 0.04462 | 0.04461 | 0.04462 | 0.04461 | 0.04462 | 0.04461 | 0.04462 | 0.04461 | 0.04462 | 0.04461 | 0.04462 | 0.04461 | 0.02231 | 0 | 0 | 0
Depreciable Assets
 | Total Depreciation Expense
Capitalized Construction Interest/Intangibles
 | Total Amortization of Capitalized Interest
Total Tax Depreciation/Amortization Expense
chk:
Fixed Asset Summary
 | Depreciable Assets
 | Capitalized Costs
 | Land
 | Total Capital Expenditures |  |  | 0 | 0 | 0
 | Depreciation and  Amortization Expense - Book
 | Depreciation Expense - Pre-Transaction Assets |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Add:  Book Depreciation Expense - Transaction Assets
 | Total Depreciation Expense - Book
 | Amortization of Capitalized Costs - Book
 | Depreciation and  Amortization Expense - Tax
 | Depreciation Expense - Pre-Transaction Assets |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Add:  Book Depreciation Expense - Transaction Assets
 | Net Depreciation Expense - Tax
 | Amortization of Capitalized Costs - Tax
MACROECONOMIC DATA
 |  |  |  |  |  |  | 1 | 1
Escalation Factors - Dollars
 |  |  |  |  |  |  | 1999
(1) | Input Scenario |  |  |  |  |  |  | 0.02676399026763976
 | Inflation Rate
 | Cumulative index equivalent
 | Cumulative 80% index equivalent
Other Currency Information
 | Second currency name: |  | Reis
(1) | Input Scenario
 |  |  |  | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1
(1) | Input Scenario | Distribution | Normal
 | Inflation Rate |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Cumulative index equivalent
NPC CONTRACTED REVENUES
Output Pricing
 |  |  | 1
 | Escalation Scenario (1 Flat, 2 esc) |  | 1
 | Beginning Price |  | 0 |  |  | Input Price
 |  |  |  |  |  | Adustments
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Total Price
 |  |  |  |  |  | Price in USD
Output Sales
 |  |  |  |  | Sales
 |  |  |  |  | Price
 |  |  |  |  | Total Output 1 Revenue
MERCHANT MARKET SALES
Output Pricing
 |  |  | 1
 | Escalation Scenario (1 Flat, 2 esc) |  | 1
 | Beginning Price |  | 0 |  |  | Input Price
 |  |  |  |  |  | Adustments |  |  | 72.42985786106847 | 59.82334099092636 | 47.69920156882973 | 40.06369897717485 | 36.8257065318567 | 39.33867617569533 | 39.77192635111165 | 41.53442507454006 | 42.52711707239274 | 44.02880122971361 | 44.29827034437816 | 45.4564140318945 | 46.36967380065474 | 47.60778742868413 | 48.2578966716975 | 49.82309734422688 | 50.99582014083963 | 51.52024792444326 | 51.64195519303836 | 53.84587819801514 | 53.84204060738859 | 55.45769697838021 | 56.20687430911151
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Total Price
 |  |  |  |  |  | Price in USD
Output Sales
 |  |  |  |  | Option Value |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | Sales |  |  |  | 67.4796708 | 126.21641265 | 119.68060275 | 113.0250267 | 104.3334261 | 90.38922435 | 98.77285485 | 99.73098404999999 | 103.1015457 | 98.6530887 | 101.95521255 | 98.4819942 | 98.84129264999999 | 97.19878545 | 97.50675555000001 | 97.50675555 | 97.25011380000001 | 97.16456654999999 | 96.51440745 | 96.51440745 | 97.21589489999998 | 95.67604440000001 | 20.89063845
 |  |  |  |  | Price
 |  |  |  |  | Total Output 2 Revenue
GREENHOUSE REVENUES
Output Pricing |  |  |  |  |  |  |  | 1999
 |  |  | 1
 | Escalation Scenario (1 Flat, 2 esc) |  | 1 | 0.02
 | Beginning Price |  | 0 |  |  | Fixed Price |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Variable Price |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adustments |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Output Sales
 |  |  |  |  | Thermal Volumes (mmbtu)
 |  |  |  |  | Thermal Sales |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | Produce Sales |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | Site Lease |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | Tomato Profit Sharing |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | Total Output 3 Revenue
Fuel Contract Transfer Payment |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Additional Revenues:
 |  |  |  |  | Lease Revenues (LV Cogen II) |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  | O&M Revenues ([NAME]) |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Monetization Revenues
Total Sales Revenue |  |  |  | 0 | 0 | 0 | 0
Cost of Sales
Gas Costs |  |  |  | Costs vary with |  |  | MMBTU |  | 2105.170542364385 | 2575.68950354968 | 2531.231658832558 | 2484.273708629568 | 2412.371087423164 | 2300.969854319501 | 2372.972527331467 | 2382.449077906863 | 2387.307831570007 | 2354.965498068646 | 2388.853525365964 | 2367.307550237536 | 2368.390417977384 | 2355.546932753976 | 2362.781653526476 | 2364.427912085266 | 2340.738573208164 | 2343.052598859022 | 2345.258857283474 | 2352.659266650607 | 2370.185402211454 | 2360.686855620759 | 1761.866726338973
 |  |  |  |  |  |  |  |  | 2.866485170803895 | 2.666584874291502 | 2.596644084326358 | 2.57946581623726 | 2.59592814324985 | 2.60689368234549 | 2.636124901185862 | 2.65943426414344 | 2.680036733161439 | 2.699558161259693 | 3.128518616141333 | 3.439848882923969 | 3.520453723370577 | 3.597346186796427 | 3.668917957982105 | 3.731581615932927 | 3.798600286705324 | 3.875779862620628 | 3.955456002139253 | 4.050205716655615 | 4.156970100292427 | 4.258601565307705 | 4.765311376886704
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 1
 |  | Totals in USD
Gas Transport |  |  |  | Costs vary with |  |  | MWH |  | 271.5962958 | 329.75681265 | 323.22100275 | 316.5654266999999 | 308.4500511 | 293.9296243499999 | 302.31325485 | 303.27138405 | 307.2181707 | 302.1934887 | 305.49561255 | 302.0223942 | 302.95791765 | 300.73918545 | 301.04715555 | 301.04715555 | 301.3667388000001 | 300.70496655 | 300.0548074499999 | 300.0548074499999 | 301.3325199 | 299.2164444 | 224.43103845
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 1
 |  | Totals in USD
Purchased Power |  |  |  | Costs vary with |  |  | MWH
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 1
 |  | Totals in USD
Market Sales Wheeling Charge
 |  | Totals in USD |  |  |  |  |  |  | 374.6624014041898 | 721.8055454395205 | 704.9614591378514 | 293.8844885757125 | 279.4233786973563 | 249.3406889058506 | 280.6411340081544 | 291.8643487333341 | 310.7802028531625 | 306.2923015500953 | 326.0408775034909 | 324.3819482526256 | 335.3323750012303 | 339.652746936723 | 350.950789462446 | 361.4793131463194 | 371.3437214250552 | 382.1475763180991 | 390.9782201709297 | 402.7075667760576 | 417.8035678521903 | 423.5213442401147 | 95.24913235992409
Market Sales Sharing Expenses
 | Total Variable Production Costs
Fixed Cost |  | (If Enron runs plant to sell to Market increase fixed O&M to $2,000)
 |  |  |  | Greenhouse Operating Costs |  |  | 1 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  | Amount |  |  | 0
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 1
 |  | Totals in USD
 | Total Fixed Production Costs
 | Total Costs of Sales
General & Admin
Variable Cost |  |  |  | Costs vary with |  |  | MWH
 |  |  |  |  |  |  | 0
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 1
 |  | Totals in USD
 | Total Variable Operating Expenses
Fixed Cost
 |  |  |  | Amount
 |  |  |  |  |  |  | 1
 |  |  |  | Escalation Scenario (1 Flat, 2 esc) |  |  | 2
 |  | Totals in USD
 | Total Fixed Operating Expenses
 | Total Operating Expenses |  |  | 0 | 0 | 0 | 0
SUMMARY INFORMATION
Revenues
 |  | Total
Cost of Revenues
 |  | Other Costs of Sales
 |  | Total Cost of Revenues |  | 0 | 0 | 0 | 0
 |  | Gross Margin
General & Admin
 |  | EBDIT
Data to Financing Section
 | Revenues (excluding deferred PP revenue)
 | Cost of Sales
 | Cash Expenses
 | Capital Expenditures - Total
 | Capital Expenditures - Land
 | Capitalized Costs
 | Depreciation Expense - Book
 | Depreciation Expense - Tax
 | Amortization of Intangibles - Book
 | Amortization of Intangibles - Tax
Data from Financing Section
 |  |  |  | Fraction of year
 |  |  |  | Units
West Coast Power LLP
SCENARIO: |  | Base Case |  | ($ in | Thousands | )
INCOME STATEMENT:
Revenues
Total Cost of Revenues
Gross Profits
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | KEY FINANCIAL DATA |  |  |  | 2000 | 2001 | 2002 | 2003 | 2004
General & Administrative
EBDIT |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revenues
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cost of Sales
Depreciation and Depletion |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross Profits
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | DDA
Subtotal - Depreciation, Depletion, Amortization
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | EBIT
EBIT
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Net Income
Other Income:
Interest Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Operating Cash Flow
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Cash Flow Available to Equity Holders
Total Other Income
 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Long Term Debt
Interest Expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Pre-tax DSC Ratio
[NAME]
Total Interest Expense
Income b/f Taxes and [NAME]
Gain on Sale of Assets
[NAME]
Income b/f Income Taxes
Income Taxes
Net Income
Legal Reserve Requirement |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Net Income Available to Common
Common Dividends
SOURCES AND USES:
SOURCES:
Depreciation & Amortization
Deferred Income Taxes
Non-Cash Interest and Dividends
Net Proceeds from Sale of Assets
Total Sources
USES:
Asset Purchase
Change in Adjusted W/C
Decrease in
Decrease in
Dividends/Treasury Stock Acquisition/Preferred Stock Redemption
Total Uses
EXCESS/(DEFICIT)
FINANCED BY:
Total Scheduled Financing
Increase/(Decrease) in Deficit Revolver |  |  |  |  |  |  | 0
Decrease/(Increase) in Excess Cash
Total Financing
AVAILABLE CASH:
Beginning Cash |  |  |  |  |  |  | 0
Operating Increase/(Decrease) |  |  |  |  |  |  | 0
Excess Increase/(Decrease) |  |  |  |  |  |  | 0
 |  |  |  |  |  |  | 0
Ending Cash
BALANCE SHEET:
Total Intangibles
Short Term Debt |  |  |  | 0 | 0 | 0 | 0
Deferred Income Taxes
Proof
CAPITALIZATION:
Deficit Revolver: |  | Beginning Balance |  |  |  |  | 0
 |  | (Addition) |  |  |  |  | 0
 |  | Repayment |  |  |  |  | 0
 |  | Ending Balance
 |  | Interest Rate
 |  | Beginning Balance |  |  |  |  | 0
 |  | (Addition)
 |  | Repayment
 |  | Excess Cash Flow Recapture
 |  | Ending Balance
 |  | Interest Rate
 |  | Beginning Balance |  |  |  |  | 0
 |  | (Addition)
 |  | Repayment
 |  | Ending Balance
 |  | Interest Rate
TRANSACTION ASSUMPTIONS:
Transaction Date:
Transaction Date Adjustment:
 | Fraction: |  | Pre Transaction Revenues
 | Months: |  | and Expenses, and
 | Fraction: |  | Post Transaction Revenues
 | Months: |  | and Expenses in fiscal
 |  | Fiscal Year End:
Transaction Funds Flow |  |  |  |  |  |  |  |  | Subsequent Fundings
 |  |  |  | Transaction |  |  | Transaction
 | Sources: |  |  | Totals |  |  | Date
 | [NAME]
 | Other Term Loan |  |  | 0
 | Common Stock
 | Cash on Hand |  |  | 0
 | Sources
 | Uses:
 | Capital Exp.: |  |  | 0
 |  | PP&E |  | 0
 |  | Land |  | 0
 | Dividend/Distribution |  |  | 0 |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | Treasury Stock Acquisition |  |  | 0
 | Transaction Fees
 | Excess Cash/Other Funding
 | Uses
 |  | Proof:
TRANSACTION FEES: |  |  |  |  | Tax Life | Accounting
 |  | % |  | $ | (Yrs) | Treatment
Transaction Advisory Fee |  |  |  | 0 | NA |  | Expensed: | 0
Other Fees and Expenses |  |  |  |  |  |  | Capitalized:
Upfront Placement Fees: |  |  |  |  |  |  | 15 yrs MACRS (1/2 yr.) | 0.05 | 0.095 | 0.0855 | 0.077 | 0.0693 | 0.0623 | 0.059 | 0.059 | 0.0591 | 0.059 | 0.0591 | 0.059 | 0.0591 | 0.059 | 0.0591 | 0.0295
 |  |  |  |  |  |  | SL Amortization
 |  | 0 |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | 0 |  |  | NA |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
*(As % of Commitment) |  | Total |  |  |  | Total
HISTORICAL AND OPENING BALANCE SHEETS: |  |  |  |  |  | Latest United Financials
ASSETS: |  |  |  |  |  |  |  |  |  | Add | Subtract |  |  |  | Operating Cash
Cash and Marketable Securities |  |  |  | 0 | 960 | 1493 |  | 1493
Accounts Receivable |  |  |  | 0 | 1187 | 591 |  | 591
Inventories |  |  |  | 0 | 0 | 0 |  | 0 |  | 0
Other Current Assets |  |  |  | 0 | 427 | 381 |  | 381 |  | 0 |  |  | 0
Total Current Assets
Intangibles |  |  |  | 0 | 0 | 0 |  | 0
Transaction Fees |  |  |  | 0 | 0 | 0 |  |  |  |  |  | e502
Gross PP&E |  |  |  | 0 | 68707 | 68740 |  | 68740 |  |  | 0
Accumulated Depreciation |  |  |  | 0 | -8596 | -11789 |  | -11789 |  | 0
Net PP&E
Loan - Intercompany (Sunco) |  |  |  | 0 | 0 | 590 |  | 590 |  | 0 |  |  | 0
Debt Service/O&M Reserve |  |  |  | 0 | 5250 | 5851 |  | 5851
Total Assets
LIABILITIES & EQUITY:
Accounts Payable |  |  |  | 0 | 920 | 951 |  | 951 |  |  |  |  |  |  | Total |  | Long-term
Accrued Expenses |  |  |  | 0 | 0 | 0 |  | 0 |  | 0 |  |  |  |  | Capitalization |  | Capitalization
Other Payables |  |  |  | 0 | 516 | 387 |  | 387 |  | 0 |  |  | 0 |  | $ | % | $ | %
Current Maturities |  |  |  | 0 | 2067 | 2584 |  | 2584 |  | 0 | 0 |  | 0
Total Current Liabilities
 |  |  |  | 0 | 52041 | 48866 |  | 48866 |  |  | 0
Loan - Intercompany (United) |  |  |  | 0 | 4947 | 7387 |  |  |  | 0 |  |  | 0
Other Liabilities |  |  |  | 0 | 675 | 1026 |  | 1026 |  | 0 |  |  | 0
Total Long-term Liabilities
Total Liabilities
 |  |  |  | 0 | 6769 | 4656 |  | 4656 |  |  | 0
Paid in Capital |  |  |  | 0 | 0 | 0 |  | 0 |  | 0 | 0
Treasury Stock |  |  |  | 0 | 0 | 0 |  | 0 |  | 0
[NAME] |  |  |  | 0 | 0 | 0 |  | 0 |  | 0
Preferred and Common Dividends |  |  |  | 0 | 0 | 0 |  | 0 |  | 0
Total Stockholders' Equity
Total Liabilities & Equity
Proof
ADJUSTED WORKING CAPITAL INPUT:
 |  |  |  | 0 | 0 | 0 | 0
 |  |  |  | 0 | 0 | 0 | 60 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30 | 30
 |  |  |  | 0 | 0 | 0 | 20
 |  |  |  | 0 | 0 | 0 | 0
 |  |  |  | 0 | 0 | 0 | 30 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20 | 20
 |  |  |  | 0 | 0 | 0 | 20
 |  |  |  | 0 | 0 | 0 | 0
ADJ. WORKING CAPITAL ANALYSIS
Operating Cash Balance
 |  |  |  |  |  |  |  |  | 0
 |  |  |  |  |  |  |  | 0 | 0
Adjusted W/C Balance:
Change in Adjusted W/C
Increase/(Decrease) in O&M Reserve Acccount
Total Scheduled Debt Service |  |  |  |  |  |  | 0 | 0
 |  |  |  |  |  |  | 0
 |  |  |  |  |  |  | 0 | 0
O&M Reserve Account
Total Required Reserve |  |  |  |  |  |  |  | 0
Starting Reserve |  |  |  |  |  |  | 0
Reserve Additions (Subtractions) for DS account |  |  |  |  |  |  | 0 | 0
Reserve Additions (Subtractions) for O&M Account |  |  |  |  |  |  | 0 | 0 | 0 | 0
Ending Reserve |  |  |  |  |  | 0
 |  |  |  |  |  |  |  |  | TEMP:====>
Increase/(Decrease) in Reserve Accounts |  |  |  |  |  | 0
 |  |  |  |  |  |  |  |  |  |  | Summary!$E$44*0.25 |  |  | Summary!$E$50*0.125 | Summary!$E$50*0.625 |  |  |  | Summary!$E$56*0.25 |  |  | Summary!$E$62*0.125 | Summary!$E$62*0.625
SCHEDULED DEBT AND STOCK |  |  |  |  |  | Bank Amortization Schedule |  | 391.000001 | 1601.999983 | 2148.00005 | 2500.9999025 | 2102.00001 | 3172.999998 | 3259.000004 | 2143.000026 | 2834.9999915 | 4242.999992500001 | 4340.999977 | 3399.999935 | 3140.000043 | 4238.999962 | 4286.000052000001 | 3758.9999745 | 4520.9999935 | 4417.000104499995 | 0 | 0 | 0 | 0 | 0 | 0
[NAME] AND ADDITIONS:
 |  |  |  |  |  | Standard Amortization |  | 0.006920354 | 0.028353982 | 0.0380177 | 0.044265485 | 0.03720354 | 0.05615929200000001 | 0.057681416 | 0.03792920399999999 | 0.050176991 | 0.07509734500000002 | 0.076831858 | 0.06017699 | 0.055575222 | 0.075026548 | 0.07585840800000002 | 0.066530973 | 0.080017699 | 0.07817699299999992 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Adjusted Amortization | 1e-05
 |  |  |  |  |  | [NAME]
 |  |  |  |  |  | Monetization Debt Paydown
 |  |  |  |  |  | Repayment
 |  |  |  |  |  | (Scheduled Additions) |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Interest Deferral: (YES or NO) |  | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO
 |  |  |  |  |  | Interest Deferral Tax Deductible: (YES or NO) |  | YES
 | MIN |  |  |  |  | Interest Rate Deferred |  | 0
 | AVE |  |  |  |  | Amount Deferred (Accrued Semi-annually)
 | IRR |  |  |  |  | Excess Cash Flow Recapture: |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Coverages
 |  |  |  |  |  | Repayment |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | (Scheduled Additions) |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Interest Deferral: (YES or NO) |  | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO | NO
 |  |  |  |  |  | Interest Deferral Tax Deductible: (YES or NO) |  | YES
 |  |  |  |  |  | Interest Rate Deferred |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Amount Deferred (Accrued Semi-annually)-Avg Balance
 |  |  |  |  |  | Treasury Stock Purchases |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | (Issues) |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
INTEREST RATES, COUPON RATES AND
DIVIDEND YIELDS: |  |  |  | $ | $ | $ | $ | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | %
Hist Common Div'ds |  |  |  | 0 | 0 | 0 | 0
[NAME] |  |  |  |  |  |  |  | 0.1
 |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Dividend [NAME] |  |  |  |  |  |  |  | 0
Interest Income
Interest Earned on Cash Balances?
Hist Int Income/Int on Cash Balances |  |  |  | 0 | 0 | 0 | 0
HISTORICAL AND PROFORMA NON-OPERATING ASSUMPTIONS:
FYE:
Amortization:
Amortization   -  Transaction Fees
Amortization   -  Intangibles (from operating sheet)
Total Amortization Expense
Other Income:
Other Income (excluding interest income) |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
ASSET SALES
Gross Sale Price |  |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Gross Book Value of Assets Sold |  |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Accumulated Depreciation - Book |  |  |  |  |  |  |  | 0 |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Net Book Value of Assets Sold
Pretax Gain/(Loss) - Book |  |  |  | 0 | 0 | 0 | 0
Change in Book Depreciation  Expense Associated with Assets Sold |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Net Tax Value - Regular Tax* |  |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Pretax Gain/(Loss) - Tax |  |  |  |  |  |  |  |  | 0
Change in Tax Depreciation Expense Associated with Assets Sold |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
*Default to Book Gain/(Loss)
TAX ASSUMPTIONS:
 |  |  |  | $ | $ | $ | $ | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | % | %
Historical Book Taxes |  |  |  | 0 | 0 | 0 | 0
Federal Income Tax Rate
State Income Tax Rate
[NAME] |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
INCOME TAX CALCULATION:
REGULAR IRS TAXES:
Income before Taxes
Add Back: | Book Depreciation
 | Book Loss/(Gain) on Asset Sales
Deduct: | Tax Depreciation (Regular)
 | Tax Loss/(Gain) on Asset Sales (Regular)
Taxable Income before NOL
Beginning NOL Balance
Less: NOL Expired |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
NOL Applicable
NOL (Addition)
NOL Used
Ending NOL Balance
Taxable Income After NOL
State Taxes @
Federal Taxes @
Regular Taxes before AMT Tax Credit
BOOK TAXES:
Taxable Book Income before NOL
Beginning NOL Balance
Less: NOL Expired |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
NOL Applicable
NOL (Addition)
NOL Used
Ending NOL Balance
Taxable Book Income After NOL
State Taxes @
Federal Taxes @
Book Taxes
Cash Taxes Paid (greater of AMT Taxes or Regular Taxes)
Book Taxes
Deferred Income Taxes
DISCOUNTED CASHFLOW VALUATION ANALYSIS:
OPERATING CASH FLOWS:
Initial Equity Investment |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
Net Income |  |  |  |  |  | -1847.145062111111
Plus: | Amortization & Depreciation |  |  |  |  | 2238.145063111111
 | Deferred Income Taxes |  |  |  |  | 0
Less: | Increase/(Decrease) in Adjusted W/C (ex. OpCash) |  |  |  |  | 0
 | Operating Cash Flows |  |  |  |  | 391.0000010000001
 | Capital Expenditures |  |  |  |  | 0
 | Debt Principal Repayment |  |  |  |  | -391.000001
 | Disbursements from Debt |  |  |  |  | 0
 |  |  |  |  |  | 0
 | Proceeds from Asset Sales |  |  |  |  | 0
 | (Decrease)/Increase in Other Assets/Liabilities |  |  |  |  | 0
Net Cash Flow Available to All Equity Holders |  |  |  |  |  | 1.13686837721616e-13
Check |  |  |  |  |  | 0
Check |  |  |  |  |  | -1.13686837721616e-13
Valuation |  |  |  | Annuity
 |  |  |  | W/Terminal Value |  | Debt Service Coverage
 |  |  |  |  |  | EBIT + DD&A
 |  |  |  |  |  | Interest Expense
Discount Rate |  |  |  |  |  | [NAME]
 |  |  |  |  |  | (Pre-Tax) [NAME]. Ratio
Terminal Value in Year 2019: |  |  |  |  |  | Running IRR
Total Sale Price |  |  |  | 0
Book Value for Tax Purposes |  |  |  |  |  | Average Loan Life
Net After Tax Proceeds |  |  |  |  |  | Beginning Balance
Working Capital Balance |  |  |  |  |  | Additions
Debt Service/O&M Reserve |  |  |  |  |  | Repayments
Current and Long-Term Portions of Debt |  |  |  |  |  | Ending Balance
 |  |  |  |  |  | Life
Total |  |  |  |  |  | Weighted Average Life
Discounted Operating Cash Flows
Discounted Terminal Value
Investments (Excess Cash)
Firm Value Today
IRR
NPV @
Data from Operating Section
Data to Operating Section
 |  |  |  | Fraction of current year
 |  |  |  | Unit
FASB CASH FLOW ANALYSIS
Cash Flow From Operating Activities:
 | Net Income
Add Back:
 | Losses/(Gains)
Add/
(Subtract)
Change in:
Cash Flow From Investing Activities:
 | Fees
Cash Flow From Financing Activities:
 | Dividends Paid
 | Scheduled Debt and Preferred Stock Reductions
 | Proceeds of Debt & Stock Issues
Net Increase/(Decrease) in Cash and Cash Equivalents
 |  |  |  |  |  |  | Unlevered Free Cash Flows
 |  |  |  |  |  |  | 1999-08-01 00:00:00 | 1999-12-31 00:00:00 | 2000-12-31 00:00:00 | 2001-12-31 00:00:00 | 2002-12-31 00:00:00 | 2003-12-31 00:00:00 | 2004-12-31 00:00:00 | 2005-12-31 00:00:00 | 2006-12-31 00:00:00 | 2007-12-31 00:00:00 | 2008-12-31 00:00:00 | 2009-12-31 00:00:00 | 2010-12-31 00:00:00 | 2011-12-31 00:00:00 | 2012-12-31 00:00:00 | 2013-12-31 00:00:00 | 2014-12-31 00:00:00 | 2015-12-31 00:00:00 | 2016-12-31 00:00:00 | 2017-12-31 00:00:00 | 2018-12-31 00:00:00 | 2019-12-31 00:00:00 | 2020-12-31 00:00:00 | 2021-12-31 00:00:00 | 2022-12-31 00:00:00 | 2023-12-31 00:00:00 | 2024-05-31 00:00:00
 |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 | 0
 |  |  |  |  |  |  |  |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  | Cash Flows
 |  |  |  |  |  | Cash Flows |  | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0
 |  |  |  |  |  | Discount rate
 |  |  |  |  | Discount Factor
 |  |  |  |  | Cash Flows |  |  | 0
 |  |  |  |  | PV
 |  |  |  |  | ValDate | 2000-08-31 00:00:00
 |  |  |  |  | Capital Price
 |  |  |  |  |  |  |  | Underwriting COF | 0.09