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

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r

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

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r

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

between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r