e. Our estimate assumes $41/share for GM's 1.0 operation, implying a 10% FCF yield on our -.$6.0 bn trend FCF forecast and translating to 4.0x 2018 EV/EBITDAP. We've also incorporated $10/share to GM's Autonomous 2. 0 opportunity, which is roughly 50% of the 420/sh value noted above. We think a haircut is