Component Maxwell Barston Notes Net Income $($M$$)25\mathrm{.}0022\mathrm{.}00$ Earnings per share $($EPS$)4\mathrm{.}003\mathrm{.}00$ # of shares $($M$)$ Net Income $/$ EPS Price per share $22\mathrm{.}5020\mathrm{.}50$ Market Value $-$ Equity $($M$)$ # of shares x price per share Market Value $-$ Debt $($M$)144132$ Market Value $-$ Total $($M$)-\%$ Debt $$ Debt as a per cent of Total MV $-\%$ Equity $$ Equity as a per cent of Total MV Beta $($levered$)0\mathrm{.}600\mathrm{.}75$ as reported in Value Line Beta $($unlevered$)$ Beta $($levered$)$ x $\%$ Equity Average Beta $($unlevered$)$

$$ Average of the two Beta $($unlevered$)$ Values for Wilson: $\%$ Debt $48\mathrm{.}0\%\%$ Equity $$ Beta $($relevered$)$ Risk free rate $5\mathrm{.}0\%$ Market risk premium $6\mathrm{.}1\%$ Expected equity return $($CAPM$)$ Expected cost of debt $7\mathrm{.}5\%$ Tax rate $21\mathrm{.}0\%$ Weighed average cost of capital $($WACC$)$