50% of interests as soon as possible. (3) Black exchanges 50% of interests, 10% a year beginning in 2014. (4) AGM stock prices increase 2% a year. B. Projection Model (1) Based on Company projections through 2018, thereafter profits grow 2% per year. DocN: USI:9417840v1 EFTA00595692 2 (2) APO Corp. incurs $8