l Tax Before NOL Usage 90 Net Increase In Taxable Income After 80% NOL 86 Tax Rate 21% Incremental Cash Tax After NOL Usage 18 Savo. a,.,,d,. Ltirt anf Comptes, Ducbra os Page 118 Deutsche Bank Securities Inc. CONFIDENTIAL - PURSUANT TO FED. R. CRI M. P. 6(e) DB-SDNY-0086677 CONFIDENTIAL SD