move in RPD Sm) $23.40 $24.59 $25.64 Shares 112 107 103 Annual Per Share Impact post tax assuming 38% tax rate) $0.08 $0.09 50.10 Assumed Target Multple 16.0x Hypothetical Change in Equity Value $1.49 Nolo. Assumes 16.0x target multiple. Source: J.P. Morgan estrriates. Figure 8: CAR EPS Sensitiv