Add the following values to the table provided below using data from Exhibit 9 and complete it for the actual scenario and the three proposed scenarios: (Do in spread sheet thank you)

Share price ($22.10)

Shares outstanding (29.13 million)

Market value of Debt/MV of Capital Price per share Shares repurchased (thousands) Shares outstanding (thousands) Earnings per share Price to earning ratio Beta Cost of equity WACC In April 2007, Brinker announced it had secured a new $400 million unsecured, committed credit-facility to fund an accelerated share repurchase transaction in which approximately $300 million of its common stock would be repurchased. That followed a tender offer recapitalization 2006 in which the company repurchased $50 million worth of common shares. Return on Current Assets Current Liabilities Total Debt Share Equity Debt/ Capital Interest Coverage Total Capital Turnover Capital Equity California Pizza Kitchen $ 38 $ 66 $ 0 $ 208 0.0% NME 2.7 10.1% 10.1% Debt Total Capital Actual 10% 20% 30% 6.16% 32.5% 5.16% 32.5% 6.16% 32.5% 6.16% 32.5% 30.054 0 30.054 9,755 20.299 30,054 1.391 28.663 9,303 19.359 30.054 2.783 27271 8,852 18.419 30.054 4.174 25.880 8.400 17.480 Interest rate Tax rate Earnings before income taxes and interest Interest expense Earnings before taxes Income taxes Net Income Book value: Debt Equty Total capital Market value: Dobt31 Equity" Market value of capital 0 225,888 225,888 22.589 203,299 225,888 45,178 180.710 225888 67.766 158122 225.888 D 643,773 643,773 22,589 628,516 651,105 45,178 613259 658,437 67.766 598.002 665.769 Notes: (1) Interest rate of CPK's credit facility with Bank of America: LIBOR + 0. 80%. (Parnings before interest and taxes (EBIT) include interest income. (3) Market values of debt equal book values. (1) Actual market value of equity equals the share price ($22. 10) multiplied by the current number of shares outstanding (29. 13 million). Source: Case writer analysis based on CPK financial data. Debt Total Capital Actual 10% 20% 30% 6.16% 32.5% 5.16% 32.5% 6.16% 32.5% 6.16% 32.5% 30.054 0 30.054 9,755 20.299 30,054 1.391 28.663 9,303 19.359 30.054 2.783 27271 8,852 18.419 30.054 4.174 25.880 8.400 17.480 Interest rate Tax rate Earnings before income taxes and interest Interest expense Earnings before taxes Income taxes Net Income Book value: Debt Equty Total capital Market value: Dobt31 Equity" Market value of capital 0 225,888 225,888 22.589 203,299 225,888 45,178 180.710 225888 67.766 158122 225.888 D 643,773 643,773 22,589 628,516 651,105 45,178 613259 658,437 67.766 598.002 665.769 Notes: (1) Interest rate of CPK's credit facility with Bank of America: LIBOR + 0. 80%. (Parnings before interest and taxes (EBIT) include interest income. (3) Market values of debt equal book values. (1) Actual market value of equity equals the share price ($22. 10) multiplied by the current number of shares outstanding (29. 13 million). Source: Case writer analysis based on CPK financial data. In April 2007, Brinker announced it had secured a new $400 million unsecured, committed credit-facility to fund an accelerated share repurchase transaction in which approximately $300 million of its common stock would be repurchased. That followed a tender offer recapitalization 2006 in which the company repurchased $50 million worth of common shares. Market value of Debt/MV of Capital Price per share Shares repurchased (thousands) Shares outstanding (thousands) Earnings per share Price to earning ratio Beta Cost of equity WACC Market value of Debt/MV of Capital Price per share Shares repurchased (thousands) Shares outstanding (thousands) Earnings per share Price to earning ratio Beta Cost of equity WACC In April 2007, Brinker announced it had secured a new $400 million unsecured, committed credit-facility to fund an accelerated share repurchase transaction in which approximately $300 million of its common stock would be repurchased. That followed a tender offer recapitalization 2006 in which the company repurchased $50 million worth of common shares. Return on Current Assets Current Liabilities Total Debt Share Equity Debt/ Capital Interest Coverage Total Capital Turnover Capital Equity California Pizza Kitchen $ 38 $ 66 $ 0 $ 208 0.0% NME 2.7 10.1% 10.1% Debt Total Capital Actual 10% 20% 30% 6.16% 32.5% 5.16% 32.5% 6.16% 32.5% 6.16% 32.5% 30.054 0 30.054 9,755 20.299 30,054 1.391 28.663 9,303 19.359 30.054 2.783 27271 8,852 18.419 30.054 4.174 25.880 8.400 17.480 Interest rate Tax rate Earnings before income taxes and interest Interest expense Earnings before taxes Income taxes Net Income Book value: Debt Equty Total capital Market value: Dobt31 Equity" Market value of capital 0 225,888 225,888 22.589 203,299 225,888 45,178 180.710 225888 67.766 158122 225.888 D 643,773 643,773 22,589 628,516 651,105 45,178 613259 658,437 67.766 598.002 665.769 Notes: (1) Interest rate of CPK's credit facility with Bank of America: LIBOR + 0. 80%. (Parnings before interest and taxes (EBIT) include interest income. (3) Market values of debt equal book values. (1) Actual market value of equity equals the share price ($22. 10) multiplied by the current number of shares outstanding (29. 13 million). Source: Case writer analysis based on CPK financial data. Debt Total Capital Actual 10% 20% 30% 6.16% 32.5% 5.16% 32.5% 6.16% 32.5% 6.16% 32.5% 30.054 0 30.054 9,755 20.299 30,054 1.391 28.663 9,303 19.359 30.054 2.783 27271 8,852 18.419 30.054 4.174 25.880 8.400 17.480 Interest rate Tax rate Earnings before income taxes and interest Interest expense Earnings before taxes Income taxes Net Income Book value: Debt Equty Total capital Market value: Dobt31 Equity" Market value of capital 0 225,888 225,888 22.589 203,299 225,888 45,178 180.710 225888 67.766 158122 225.888 D 643,773 643,773 22,589 628,516 651,105 45,178 613259 658,437 67.766 598.002 665.769 Notes: (1) Interest rate of CPK's credit facility with Bank of America: LIBOR + 0. 80%. (Parnings before interest and taxes (EBIT) include interest income. (3) Market values of debt equal book values. (1) Actual market value of equity equals the share price ($22. 10) multiplied by the current number of shares outstanding (29. 13 million). Source: Case writer analysis based on CPK financial data. In April 2007, Brinker announced it had secured a new $400 million unsecured, committed credit-facility to fund an accelerated share repurchase transaction in which approximately $300 million of its common stock would be repurchased. That followed a tender offer recapitalization 2006 in which the company repurchased $50 million worth of common shares. Market value of Debt/MV of Capital Price per share Shares repurchased (thousands) Shares outstanding (thousands) Earnings per share Price to earning ratio Beta Cost of equity WACC