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QUESTION

Wasserstein, Perella amp; Co. established a valuation range of $68-$80 per common share for Interco.

Wasserstein, Perella & Co. established a valuation range of $68-$80 per common

share for Interco. Show that this valuation range can follow from the assumptions

described in the discounted cash flow analysis section of Exhibit 12. As a member of

Interco's board, which assumptions would you have questioned? Why?

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