Epstein Secrets

OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by

2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9

OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by

2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9

OMMON EQUITY VALUATION REPORT As of June 20, 2011 Cost of Equity — Capital Asset Pricing Model To estimate The Company's cost of equity financing, the Capital Asset Pricing Model ("CAPM") was utilized. The CAPM measures the return required by investors given a company's risk profile. This model is expressed arithmetically by

2 S. 5473 00..1 5354 5315 (1231 0131 PLM) (MIN 19.71 16 328 14.9 21593 114 34 14,0 0541 OM d ni" M940 1951 ..h1Assets 531152 mi ONMIN I05.3 I:ndEwlV 3910 ‘te WningC4ryial 31241 na. Fr« NWC 3121 smrsTme 114a 00 00 2034 IfitE 343 Lam. 5633.1 57703 5773.4 210.0 2M9