Exhibit 4: Result of Change in WACC Table 4a : Terminal Value using Perpetuity Growth Method WACC T enninal wth rate Free Cash Flow 01 mul Terminal V alue 5 77 33_05 13.00 2000% 400% 77 33.05 38,852 Table 4b : Terminal Value using Multiple Method TV decrease by half ange In doesn't affect TV EBITDA EBITDA 2019 Terminal Value Table 4c: Enterprise Value Method Terminal Value PV 5) Present Value of TV Ente e Value Fund to be received from investors Gi u to investors 12.00 109,118352.82 p tui 77 705,329.65 0.56743 44.092*35.20 56 100 701.46 ooo 000.00 17.83% EBITDA 109 0.56743 61.917,026.94 73 -s 93.19 10 ooo ooo_oo 13.53'/ Pe tuitv 0.40190 15.614.SS5.99 36.20% 12x EBITDA 109 0.401 43.854.666.00