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

ame! WWWw WO W.., Sanao IC wwwuptalea Sanao Ia wwwuptalea Sofa la warn sonralm Uslomanewlets wouwww " ,WI Yaw 2. IP pa Ww ati Stunt bic ;weal Irenmeteculatwo ueeral.610".. bic reneallrenmeteculatwo."n0.10".. • rovelsoolive awl.. Warms ws. Om age/ Sw mask% lionsovliael anon nanacte be ago) I%n.nwel 11

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

ame! WWWw WO W.., Sanao IC wwwuptalea Sanao Ia wwwuptalea Sofa la warn sonralm Uslomanewlets wouwww " ,WI Yaw 2. IP pa Ww ati Stunt bic ;weal Irenmeteculatwo ueeral.610".. bic reneallrenmeteculatwo."n0.10".. • rovelsoolive awl.. Warms ws. Om age/ Sw mask% lionsovliael anon nanacte be ago) I%n.nwel 11

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

ame! WWWw WO W.., Sanao IC wwwuptalea Sanao Ia wwwuptalea Sofa la warn sonralm Uslomanewlets wouwww " ,WI Yaw 2. IP pa Ww ati Stunt bic ;weal Irenmeteculatwo ueeral.610".. bic reneallrenmeteculatwo."n0.10".. • rovelsoolive awl.. Warms ws. Om age/ Sw mask% lionsovliael anon nanacte be ago) I%n.nwel 11