Please include formulas, thank you!

A B D E F G H I Equity Valuations using Multiples and Transactions EPS BV Sales EBITDA Premium Synergy 3 Historical Multiples: - Average 16.2 3.3 2.2 11.0 44.0% 35.0% Shares outstanding (M) 88.00 EPS Last 40 Est. 2021 Est. 2022 JTM EPS 4.00 4.15 4.33 Average Book Value 10 JTM Book Value 22.50 11 Average 12 Sales 13 JTM Sales (Last 40) 3,722 14 Average Sales Multiple 15 Firm Value 16 Debt Value 1.800 17 Equity Value 18 Average 19 EBITDA 20 JTM EBITDA (Last 4Q) 744 21 Average EBITDA Multiple 2.2 Firm Value Debt Value 1.800 24 Equity Value 25 Average 26 Premium 27 Pre-Announcement Stock Price 45.00 28 Average 29 Synergy 30 Pre-Announcement Stock Price 45.00 31 Average 32