$ - 29,526,315 (I) Estimated Value of Managed Properties Remaining Estimate as of 480f Estimated 32/3112004* yu2ocol Cluvasn Sell-014 LAMM EatIreated Cad. Flow S 155,610,000 1169,907,696 3 (14,293696) Discount on Sell Oat Lands (59,828,000) (117,234310) 57 4011,310 Sell-Out Lads lEatlineted Value