9 177.9 635.3 Total Cash Taxes on Tufts Gain (35% effective rate) 97.8 62.3 62.3 222.3 Total Cash Taxes 661.0 420.7 420.7 1,502.3 NPV of Net After-Tax Equity Cash Proceeds $948.1 $603.3 $603.3 $2,154.8 NPV of After-Tax TRA Payments (@ 7.5% Discount Rate) NPV of After-Tax TRA Payments - Cash Equity Sa