Growth rate (explicit and perpetual) 5.0%Discount rate 10.0%Number of diluted shares 10,000.0 *Use growth in perpetuity method for terminal value

Year 1 Year 2 Year 3 Year 4 Year 5$2,134.0

DCF value / share?

Terminal Value

Growth rate (explicit and perpetual) 5.0%Discount rate 10.0%Number of diluted shares 10,000.0 *Use growth in perpetuity method for terminal value

Year 1 Year 2 Year 3 Year 4 Year 5$2,134.0 $2,240.7 ### $2,470.4 ###

EV DCF value / share?

D - Year 1 D - Year 2D - Year 3 D - Year 4D - Year 5$1,940.0 $1,851.8 ### $1,687.3 ###

EV DCF Value = ### EV DCF Value / share = $4.27

Terminal Value$54,471.7

D - Terminal Value$33,822.6