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c., Long-Term Study 098o-1996r (Chapter 5) in Robert F. Reilly and Robert P. Schweihs, eds. The Handbook of Advanced Business Valuation (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307489 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducte
131 2.94% 8.00% 22.7% Average Cost Tax Rate Atter-Tas Of Debt° (per ahowl Cost or Debt 6.0% 40.7% 3.6% %of AfienTax Cost Weighted Told Cadlal OfCeilal Cost of Capital Equily 100.0% 22.7% 22.7% Debi 0.0% 3.6% 0.0% Weighted Average Cost or Capital 22.7% Concluded V. ACC (rounded)
c., Long-Term Study 098o-1996r (Chapter 5) in Robert F. Reilly and Robert P. Schweihs, eds. The Handbook of Advanced Business Valuation (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307388 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducte
131 2.94% 8.00% 22.7% Average Cost Tax Rate Atter-Tas Of Debt° (per ahowl Cost or Debt 6.0% 40.7% 3.6% %of AfienTax Cost Weighted Told Cadlal OfCeilal Cost of Capital Equily 100.0% 22.7% 22.7% Debi 0.0% 3.6% 0.0% Weighted Average Cost or Capital 22.7% Concluded V. ACC (rounded)
c., Long-Term Study 098o-1996r (Chapter 5) in Robert F. Reilly and Robert P. Schweihs, eds. The Handbook of Advanced Business Valuation (New York: McGraw-Hill, 2000). CONFIDENTIAL I WTAS LLC 94 EFTA00307287 WTAS ALIPHCOM — COMMON EQUITY VALUATION REPORT As of June so, 2011 • PMV Studyn. FMV conducte
131 2.94% 8.00% 22.7% Average Cost Tax Rate Atter-Tas Of Debt° (per ahowl Cost or Debt 6.0% 40.7% 3.6% %of AfienTax Cost Weighted Told Cadlal OfCeilal Cost of Capital Equily 100.0% 22.7% 22.7% Debi 0.0% 3.6% 0.0% Weighted Average Cost or Capital 22.7% Concluded V. ACC (rounded)
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