Consolidated Income Statements

(in US$ thousands except shares & per share amounts) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Revenue
Price $20.0 $20.0 $20.0
Y/Y price growth (%) 0% 0% 0%
Volume 500.0 550.0 605.0
Y/Y volume growth (%) 10% 10% 10%
Total revenue 10,000.0 11,000.0 12,100.0 13,310.0 14,641.0 16,105.1
Y/Y revenue growth (%) 10% 10% 10% 10% 10%

Cost of goods sold

Cost of goods sold 2,500.0 2,750.0 3,025.0 3,327.5 3,660.3 4,026.3
COGS as a % of revenue 25% 25% 25% 25% 25% 25%

Gross profit 7,500.0 8,250.0 9,075.0 9,982.5 10,980.8 12,078.8

Gross profit margin (%) 75% 75% 75%

Operating expenses
Research and development 900.0 1,000.0 1,050.0 1,155.0 1,270.5 1,397.6
R&D as a % of revenue 9% 9% 9% 9% 9% 9%
Selling, general and administrative 1,250.0 1,400.0 1,550.0 1,705.0 1,875.5 2,063.1
SG&A as a % of revenue 13% 13% 13% 13% 13% 13%
Other 0.0 0.0 0.0 0.0 0.0 0.0
Total operating expenses 2,150.0 2,400.0 2,600.0 2,860.0 3,146.0 3,460.6

Other income
Equity in earnings of unconsolidated affiliates 0.0 0.0 0.0 0.0 0.0 0.0

EBITDA 5,350.0 5,850.0 6,475.0 7,122.5 7,834.8 8,618.2

EBITDA margin (%)

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 1 of 22
Consolidated Income Statements
(in US$ thousands except shares & per share amounts) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Depreciation and amortization 600.0 650.0 725.0 627.5 677.5 752.5

EBIT 4,750.0 5,200.0 5,750.0 6,495.0 7,157.3 7,865.7

EBIT margin (%) 49% 49% 49%

Interest
Interest expense 70.0 71.0 71.0 35.5 0.0 0.0
Interest income (15.0) (22.7) (57.1) (84.6) (120.0) (169.0)
Net interest expense 55.0 48.3 13.9 (49.1) (120.0) (169.0)

Income before tax (IBT) 4,695.0 5,151.7 5,736.1 6,544.1 7,277.2 8,034.7
IBT margin (%)

Income tax expense 1,650.0 1,800.0 2,000.0 2,281.7 2,537.3 2,801.5

All-in effective tax rate (%) 35% 35% 35% 35% 35% 35%

Net income from continuing ops 3,045.0 3,351.7 3,736.1 4,262.3 4,739.9 5,233.3

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 2 of 22
Consolidated Income Statements
(in US$ thousands except shares & per share amounts) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Non-recurring events
Discontinued operations 0.0 0.0 0.0 0.0 0.0 0.0
Extraordinary items 0.0 0.0 0.0 0.0 0.0 0.0
Effect of accounting changes 0.0 0.0 0.0 0.0 0.0 0.0
Other items 0.0 0.0 0.0 0.0 0.0 0.0
Total non-recurring events 0.0 0.0 0.0 0.0 0.0 0.0

Net income 3,045.0 3,351.7 3,736.1 4,262.3 4,739.9 5,233.3

Income attributable to minority interests 0.0 0.0 0.0 0.0 0.0 0.0
Percent minority interests 0% 0% 0% 0% 0% 0%
Dividends paid on common stock 80.0 80.0 80.0 80.0 80.0 80.0
Dividends paid on common stock (per share) $0.08 $0.08 $0.08 $0.08 $0.08 $0.08

Net income after dividends and minority interests 2,965.0 3,271.7 3,656.1 4,182.3 4,659.9 5,153.3

Earnings per share (EPS)

Basic 3.05 3.35 3.74 4.26 4.74 5.23
Diluted 2.03 2.23 2.49 2.84 3.16 3.49

Average common shares outstanding

Basic 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Diluted 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000 1,500,000

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 3 of 22
 Estimates

2015 2016 2017 2018

0% 0% 0% 0%

10% 10% 10% 10%

17,715.6 19,487.2 21,435.9 23,579.5
10% 10% 10% 10%

4,428.9 4,871.8 5,359.0 5,894.9

25% 25% 25% 25%

13,286.7 14,615.4 16,076.9 17,684.6

75% 75% 75% 75%

1,537.3 1,691.0 1,860.1 2,046.2

9% 9% 9% 9%
2,269.4 2,496.3 2,745.9 3,020.5
13% 13% 13% 13%
0.0 0.0 0.0 0.0
3,806.7 4,187.3 4,606.1 5,066.7

0.0 0.0 0.0 0.0

9,480.0 10,428.1 11,470.9 12,617.9

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 4 of 22
 Estimates

2015 2016 2017 2018

852.5 902.5 977.5 1,077.5

8,627.5 9,525.6 10,493.4 11,540.4

49% 49% 49% 49%

0.0 0.0 0.0 0.0

(221.0) (280.6) (347.6) (419.3)
(221.0) (280.6) (347.6) (419.3)

8,848.6 9,806.1 10,841.0 11,959.8

3,085.2 3,419.1 3,779.9 4,170.0

35% 35% 35% 35%

5,763.3 6,387.0 7,061.1 7,789.8

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 5 of 22
 Estimates

2015 2016 2017 2018

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0

5,763.3 6,387.0 7,061.1 7,789.8

0.0 0.0 0.0 0.0
0% 0% 0% 0%
80.0 80.0 80.0 80.0
$0.08 $0.08 $0.08 $0.08

5,683.3 6,307.0 6,981.1 7,709.8

5.76 6.39 7.06 7.79

3.84 4.26 4.71 5.19

1,000,000 1,000,000 1,000,000 1,000,000

1,500,000 1,500,000 1,500,000 1,500,000

The Analyst Exchange

On - Line Training 375470620.xlsx, Income Statement
www.theanalystexchange.com 6 of 22
Consolidated Statements of Cash Flows
(in US$ thousands) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Cash flows from operating activities

Net income 3,045.0 3,351.7 3,736.1 4,262.3 4,739.9 5,233.3
Depreciation and amortization 600.0 650.0 725.0 627.5 677.5 752.5
Amortization of identifiable intangible assets 0.0 0.0 0.0 0.0 0.0 0.0
Deferred income taxes 316.3 131.0 48.0 328.2 135.5 47.9
Changes in operating operating working capital
Changes in accounts receivable (125.0) (150.0) (150.0) (163.8) (166.4) (183.0)
Changes in inventory (32.0) (5.0) (19.0) (30.5) (32.4) (35.6)
Changes in prepaid expenses (9.0) (9.0) 0.0 (13.1) (14.2) (15.6)
Changes in other current assets 0.0 0.0 0.0 0.0 0.0 0.0
Changes in accounts payable 1.0 1.0 2.0 41.9 18.5 20.3
Changes in accrued salaries and employee benefits 5.0 3.0 7.0 14.4 18.9 20.8
Changes in other current liabilities 0.0 0.0 0.0 0.0 0.0 0.0
Net changes in working capital (160.0) (160.0) (160.0) (151.0) (175.5) (193.1)
Total cash provided by (used for) operating activities 3,801.3 3,972.7 4,349.1 5,067.0 5,377.4 5,840.7

Cash flows from investing activities

CAPEX [Purchase of property, leasehold improvements & equipment] (1,000.0) (500.0) (750.0) (1,000.0) (500.0) (750.0)
Proceeds from sale of property, leasehold improvements & equipment 0.0 0.0 0.0 0.0 0.0 0.0
Business acquisitions net of cash acquired [& net of intangibles/other] 0.0 0.0 0.0 0.0 0.0 0.0
Proceeds from sale of businesses [spin-offs] 0.0 0.0 0.0 0.0 0.0 0.0
Investments (proceeds) in marketable & non-marketable securities 0.0 0.0 0.0 0.0 0.0 0.0
Other 0.0 0.0 0.0 0.0 0.0 0.0
Total cash provided by (used for) investing activities (1,000.0) (500.0) (750.0) (1,000.0) (500.0) (750.0)

Cash flows from financing activities

Short-term borrowings (repayments) 0.0 0.0 0.0 (700.0) 0.0 0.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Cash Flow Statement
www.theanalystexchange.com 7 of 22
 Long-term borrowings (repayments) 500.0 0.0 0.0 (1,000.0) 0.0 0.0
Proceeds from issuance of preferred stock, net of issuance costs 0.0 0.0 0.0 0.0 0.0 0.0
Proceeds from issuance of common stock 0.0 0.0 0.0 0.0 0.0 0.0
Repurchase of common stock [treasury stock] 0.0 0.0 0.0 0.0 0.0 0.0
Common dividends paid (80.0) (80.0) (80.0) (80.0) (80.0) (80.0)
Minority shareholder's interest 0.0 0.0 0.0 0.0 0.0 0.0
Other 0.0 0.0 0.0 0.0 0.0 0.0
Total cash provided by (used for) financing activities 420.0 (80.0) (80.0) (1,780.0) (80.0) (80.0)

Total change in cash and cash equivalents 3,221.3 3,392.7 3,519.1 2,287.0 4,797.4 5,010.7

SUPPLEMENTAL DATA:
Cash flow before debt paydown 3,987.0 4,797.4 5,010.7

The Analyst Exchange

On - Line Training 375470620.xlsx, Cash Flow Statement
www.theanalystexchange.com 8 of 22
 Estimates

2015 2016 2017 2018

5,763.3 6,387.0 7,061.1 7,789.8

852.5 902.5 977.5 1,077.5
0.0 0.0 0.0 0.0
65.4 43.6 (61.5) (52.7)

(201.3) (221.4) (243.6) (267.9)

(39.1) (43.1) (47.4) (52.1)
(17.2) (18.9) (20.8) (22.9)
0.0 0.0 0.0 0.0
22.4 24.6 27.1 29.8
22.9 25.2 27.7 30.5
0.0 0.0 0.0 0.0
(212.4) (233.6) (257.0) (282.7)
6,468.9 7,099.5 7,720.1 8,531.9

(1,000.0) (500.0) (750.0) (1,000.0)

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
(1,000.0) (500.0) (750.0) (1,000.0)

0.0 0.0 0.0 0.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Cash Flow Statement
www.theanalystexchange.com 9 of 22
 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
(80.0) (80.0) (80.0) (80.0)
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
(80.0) (80.0) (80.0) (80.0)

5,388.9 6,519.5 6,890.1 7,451.9

5,388.9 6,519.5 6,890.1 7,451.9

The Analyst Exchange

On - Line Training 375470620.xlsx, Cash Flow Statement
www.theanalystexchange.com 10 of 22
Consolidated Balance Sheets
(in US$ thousands) Actuals Estimates

On December 31 2009A 2010A 2011A 2012 2013 2014

Assets
Current assets:
Cash and cash equivalents 400.0 3,792.8 7,311.8 9,598.8 14,396.2 19,406.9
Accounts receivable, net of allowance for doubtful accounts 1,200.0 1,350.0 1,500.0 1,663.8 1,830.1 2,013.1
Inventory, less allowances for loss 269.0 274.0 293.0 323.5 355.9 391.4
Prepaid expenses 120.0 129.0 129.0 142.1 156.3 171.9
Other current assets 0.0 0.0 0.0 0.0 0.0 0.0
Total current assets 1,989.0 5,545.8 9,233.8 11,728.1 16,738.5 21,983.4
Property, plant and equipment, net 5,400.0 5,250.0 5,275.0 5,647.5 5,470.0 5,467.5
Goodwill 0.0 0.0 0.0 0.0 0.0 0.0
Acquired identifiable amortizable intangible assets, net of accum. amort. 0.0 0.0 0.0 0.0 0.0 0.0
Pension assets 53.2 53.2 53.2 53.2 53.2 53.2
Deferred tax asset 0.0 0.0 0.0 0.0 0.0 0.0
Other long-term assets 21.0 21.0 21.0 21.0 21.0 21.0
Total assets 7,463.2 10,870.0 14,583.0 17,449.8 22,282.7 27,525.1

Liabilities
Current liabilities:
Accounts payable 140.0 141.0 143.0 184.9 203.3 223.7
Accrued salaries and employee benefits 165.0 168.0 175.0 189.4 208.4 229.2
Short-term debt 700.0 700.0 700.0 0.0 0.0 0.0
Other current liabilities 0.0 0.0 0.0 0.0 0.0 0.0
Total current liabilities 1,005.0 1,009.0 1,018.0 374.3 411.7 452.9
Long-term debt 1,000.0 1,000.0 1,000.0 0.0 0.0 0.0
Deferred tax liability 316.3 447.3 495.3 823.5 959.0 1,007.0
Pension and benefit obligations 72.0 72.0 72.0 72.0 72.0 72.0
Other long-term liabilities 14.0 14.0 14.0 14.0 14.0 14.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Balance Sheet
www.theanalystexchange.com 11 of 22
 Total liabilities 2,407.3 2,542.3 2,599.3 1,283.8 1,456.8 1,545.9

Stockholders' equity
Preferred stock 500.0 500.0 500.0 500.0 500.0 500.0
Common stock par value + additional paid-in-capital 2,500.0 2,500.0 2,500.0 2,500.0 2,500.0 2,500.0
Less stock repurchased [treasury stock] (100.0) (100.0) (100.0) (100.0) (100.0) (100.0)
Accumulated other comprehensive income (loss) 0.0 0.0 0.0 0.0 0.0 0.0
Retained earnings 2,155.9 5,427.7 9,083.7 13,266.0 17,925.9 23,079.2
Total stockholder equity 5,055.9 8,327.7 11,983.7 16,166.0 20,825.9 25,979.2

Total liabilities & stockholders' equity 7,463.2 10,870.0 14,583.0 17,449.8 22,282.7 27,525.1

SUPPLEMENTAL DATA:
Balance? (Y/N) Y Y Y Y Y Y

The Analyst Exchange

On - Line Training 375470620.xlsx, Balance Sheet
www.theanalystexchange.com 12 of 22
 Estimates

2015 2016 2017 2018

24,795.7 31,315.3 38,205.4 45,657.3

2,214.5 2,435.9 2,679.5 2,947.4
430.6 473.6 521.0 573.1
189.1 208.0 228.8 251.7
0.0 0.0 0.0 0.0
27,629.9 34,432.8 41,634.7 49,429.5
5,615.0 5,212.5 4,985.0 4,907.5
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
53.2 53.2 53.2 53.2
0.0 0.0 0.0 0.0
21.0 21.0 21.0 21.0
33,319.1 39,719.5 46,693.9 54,411.2

246.1 270.7 297.7 327.5

252.2 277.4 305.1 335.6
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
498.2 548.0 602.8 663.1
0.0 0.0 0.0 0.0
1,072.3 1,115.9 1,054.5 1,001.7
72.0 72.0 72.0 72.0
14.0 14.0 14.0 14.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Balance Sheet
www.theanalystexchange.com 13 of 22
 1,656.5 1,750.0 1,743.3 1,750.8

500.0 500.0 500.0 500.0

2,500.0 2,500.0 2,500.0 2,500.0
(100.0) (100.0) (100.0) (100.0)
0.0 0.0 0.0 0.0
28,762.5 35,069.6 42,050.6 49,760.4
31,662.5 37,969.6 44,950.6 52,660.4

33,319.1 39,719.5 46,693.9 54,411.2

Y Y Y Y

The Analyst Exchange

On - Line Training 375470620.xlsx, Balance Sheet
www.theanalystexchange.com 14 of 22
Depreciation
(in US$ thousands) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Property, plant & equipment on Jan 1 2012 5,275.0
Capital expenditures as of Jan 1 of each year 1,000.0 500.0 750.0

Straight line depreciation

Years 10 10 10
Existing PP&E 527.5 527.5 527.5
2012 CAPEX 100.0 100.0 100.0
2013 CAPEX 50.0 50.0
2014 CAPEX 75.0
2015 CAPEX
2016 CAPEX
2017 CAPEX
2018 CAPEX
Total book depreciation 627.5 677.5 752.5

Accelerated depreciation (%)

Existing PP&E 25% 15% 10%
2012 CAPEX 25% 15% 10%
2013 CAPEX 25% 15%
2014 CAPEX 25%
2015 CAPEX
2016 CAPEX
2017 CAPEX
2018 CAPEX

Accelerated depreciation
Existing PP&E 1,318.8 791.3 527.5
2012 CAPEX 250.0 150.0 100.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Depreciation
www.theanalystexchange.com 15 of 22
 2013 CAPEX 125.0 75.0
2014 CAPEX 187.5
2015 CAPEX
2016 CAPEX
2017 CAPEX
2018 CAPEX
Total tax depreciation 1,568.8 1,066.3 890.0
Difference in depreciation 941.3 388.8 137.5
Tax rate (%) 35% 35% 35%
Deferred taxes 328.2 135.5 47.9

The Analyst Exchange

On - Line Training 375470620.xlsx, Depreciation
www.theanalystexchange.com 16 of 22
 Estimates

2015 2016 2017 2018

1,000.0 500.0 750.0 1,000.0

10 10 10 10
527.5 527.5 527.5 527.5
100.0 100.0 100.0 100.0
50.0 50.0 50.0 50.0
75.0 75.0 75.0 75.0
100.0 100.0 100.0 100.0
50.0 50.0 50.0
75.0 75.0
100.0
852.5 902.5 977.5 1,077.5

10% 10% 5% 5%
10% 10% 5% 5%
10% 10% 10% 5%
15% 10% 10% 10%
25% 15% 10% 10%
25% 15% 10%
25% 15%
25%

527.5 527.5 263.8 263.8

100.0 100.0 50.0 50.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Depreciation
www.theanalystexchange.com 17 of 22
 50.0 50.0 50.0 25.0
112.5 75.0 75.0 75.0
250.0 150.0 100.0 100.0
125.0 75.0 50.0
187.5 112.5
250.0
1,040.0 1,027.5 801.3 926.3
187.5 125.0 (176.3) (151.3)
35% 35% 35% 35%
65.4 43.6 (61.5) (52.7)

The Analyst Exchange

On - Line Training 375470620.xlsx, Depreciation
www.theanalystexchange.com 18 of 22
Operating Working Capital Schedule (OWC)
(in US$ thousands) Actuals Estimates

On December 31 2009A 2010A 2011A 2012 2013 2014

Current assets
Accounts receivable 1,200.0 1,350.0 1,500.0 1,663.8 1,830.1 2,013.1
Days receivable 41.7 42.4 45.0 45.0 45.0
Inventory 269.0 274.0 293.0 323.5 355.9 391.4
Inventory turnover days 35.5 33.7 35.0 35.0 35.0
Prepaid expenses 120.0 129.0 129.0 142.1 156.3 171.9
Days prepaid 32.0 30.0 30.0 30.0 30.0
Other current assets 0.0 0.0 0.0 0.0 0.0 0.0
Total current assets 1,589.0 1,753.0 1,922.0 2,129.3 2,342.3 2,576.5

Current liabilities
Accounts payable 140.0 141.0 143.0 184.9 203.3 223.7
Days payable 18.4 16.9 20.0 20.0 20.0
Accrued salaries and employee benefits 165.0 168.0 175.0 189.4 208.4 229.2
Days payable 42.8 39.8 40.0 40.0 40.0
Other current liabilities 0.0 0.0 0.0 0.0 0.0 0.0
Total current liabilities 305.0 309.0 318.0 374.3 411.7 452.9

Total operating working capital 1,284.0 1,444.0 1,604.0 1,755.0 1,930.5 2,123.6
Change in total operating working capital (160.0) (160.0) (151.0) (175.5) (193.1)

The Analyst Exchange

On - Line Training 375470620.xlsx, Operating Working Capital
www.theanalystexchange.com 19 of 22
 Estimates

2015 2016 2017 2018

2,214.5 2,435.9 2,679.5 2,947.4

45.0 45.0 45.0 45.0
430.6 473.6 521.0 573.1
35.0 35.0 35.0 35.0
189.1 208.0 228.8 251.7
30.0 30.0 30.0 30.0
0.0 0.0 0.0 0.0
2,834.2 3,117.6 3,429.3 3,772.3

246.1 270.7 297.7 327.5

20.0 20.0 20.0 20.0
252.2 277.4 305.1 335.6
40.0 40.0 40.0 40.0
0.0 0.0 0.0 0.0
498.2 548.0 602.8 663.1

2,336.0 2,569.5 2,826.5 3,109.2

(212.4) (233.6) (257.0) (282.7)

The Analyst Exchange

On - Line Training 375470620.xlsx, Operating Working Capital
www.theanalystexchange.com 20 of 22
Debt Schedule
(in US$ thousands) Actuals Estimates

Period Ending December 31 2009A 2010A 2011A 2012 2013 2014

Cash available to pay down debt

Cash at beginning of year 7,311.8 9,598.8 14,396.2
Cash flow before debt paydown 3,987.0 4,797.4 5,010.7
Minimum cash cushion (10.0) (10.0) (10.0)
Total cash available to pay down debt 11,288.8 14,386.2 19,396.9

Short term debt / revolver

Short term debt (beginning of year) 700.0 0.0 0.0
Mandatory issuances / (retirements) 0.0 0.0 0.0
Non-mandatory issuances / (retirements) (700.0) 0.0 0.0
Short term debt (end of year) 700.0 0.0 0.0 0.0
Short term interest expense 10.5 0.0 0.0
Short term interest rate 3% 3% 3%

Long term debt

Long term debt (beginning of year) 1,000.0 0.0 0.0
Mandatory issuances / (retirements) 0.0 0.0 0.0
Non-mandatory issuances / (retirements) (1,000.0) 0.0 0.0
Long term debt (end of year) 1,000.0 0.0 0.0 0.0
Long term interest expense 25.0 0.0 0.0
Long term interest rate 5% 5% 5%

Total issuances / (retirements) (1,700.0) 0.0 0.0

Total interest expense 35.5 0.0 0.0

Cash at the end of the year 7,311.8 9,598.8 14,396.2 19,406.9

Interest income 84.6 120.0 169.0

The Analyst Exchange

On - Line Training 375470620.xlsx, Debt Schedule
www.theanalystexchange.com 21 of 22
 Estimates

2015 2016 2017 2018

19,406.9 24,795.7 31,315.3 38,205.4

5,388.9 6,519.5 6,890.1 7,451.9
(10.0) (10.0) (10.0) (10.0)
24,785.7 31,305.3 38,195.4 45,647.3

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
3% 3% 3% 3%

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
5% 5% 5% 5%

0.0 0.0 0.0 0.0

0.0 0.0 0.0 0.0

24,795.7 31,315.3 38,205.4 45,657.3

221.0 280.6 347.6 419.3

The Analyst Exchange

On - Line Training 375470620.xlsx, Debt Schedule
www.theanalystexchange.com 22 of 22