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Assumptions for 2004 Old Stores Sales Grov.rth _ High Old Stores Sales Grov.rth - Low New Store Sales _ High New Store Sales - Low COGS/Sales Other O eratin Ex enses/Sales Depreciation Expense Increase (add to 2003 value) Insurance Expense Increase (add to 2003 value) Rent Increase (add to 2003 value) Administrative Expense for New Stores (new line item) Depreciation Expense (add to 2003 value) Average Interest Rate* Tax Rate Minimum Cash Percent of Sales Average Collection Period Inventory Days Fixed Assets for New Stores (new line item) Accounts Pay Days Current Portion of LTD Term bank loans add to 2003 value Days in a Year Other Assumptions for 2004 Projections Prepaid expenses Computer hardware & software Furniture & fixtures Signage Leasehold improvements Corporate development Deposits Organization cost Due to shareholders Taxes Payable Deferred income taxes Share Capital 'Applies to OLC, CP of LTD, Term Bank Loans, and Due to Shareholders "Average of last three year's percentages of Other Expenses/Sales "Average of last three year's percentages of Cash/Sales 3.0% -10.0% $720,000 $540,000 38.0% $12,000 $1,320 $48,000 $28,800 $12,000 10.0% 20.0% 19 51 $180,000 10 $43,200 136 800 365 Same as Same as Same as Same as Same as Same as Same as Same as Same as Same as Same as Same as 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value 2003 value