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................................................................................... AMERITRADE......................................................................................................................................... ..................................................................................................................................... - ............................................................................................................................................... ....................................................................................................................................................................... Ameritrade...................................................................................................... WACC!........................................................................................................................................ , !........................................................................................... ....................................................................................................................................... .......................................................................................................................................... ........................................................................................................................... AMERICAN CHEMICAL.............................................................................................................................. ................................................................................................................................................ .......................................................................................................................................... ........................................................................................................................ ................................................................................................................ WACC......................................................................................................................................................... NPV............................................................................................................................................................ .................................................................................................................................... ! 2012 http://www.ade-solutions.com ................................................................................................................................................... ....................................................................................................................... 4 - ..................................................................................... .................................................................................................................................................... - ...................................................................................................................... .............................................................................................................................................. BAVARIA BIER......................................................................................................................................... ........................................................................................................................................ ........................................................................................................................................ .................................................................................................................... ......................................................................................................................... BAVARIA BIER........................................................................................................................................

................................................................................................................................................ ........................................................................................................................................... ............................................................................................................................................... ............................................................................................................................................................. - 1993-94 .................................................................................................................................... ...................................................................................................................... ......................................................................................................................................................... .............................................................................................................. ....................................................................... .............................................................................................................................................................. ................................................................................................................................................................. ................................................................................................................................................. ( ).................................... 5 - ..................................................................................................................... M&MS ......................................................................................................................................................... ....................................................................................................................................................... ................................................................................................................................................... ................................................................................................................................................... ....................................................................................................................................... ................................................................................................................................ ................................................................................................................................................. .............................................................................................................................. ................................................................................................................................................. MASSEY-FERGUSON ............................................................................................................................. ............................................................................................................................................... Massey-Ferguson................................................................................................................................. Massey-Ferguson......................................................................................................... ......................................................................................................................... MASSEY-FERGUSON................................................................................................................................ ........................................................................................... DU PONT.................................................................................................... Du Pont...................................................................................................................................................

! 2012 http://www.ade-solutions.com 1965-1982........................................................................................................................ ............................................................................................................................... ....................................................................................... DU PONT.............................................................................................................................................. .................................................................................................................................................. 6 - ......................................................................................................................... ................................................................................................... ........................................................................................................................................................................ ......................................................................................................................................................................... .................................................................................................................................................... ................................................................................................................................ ................................................................................................................................................. ............................................................................................................................................................ ......................................................................................................................................... ................................................................................................................................................................... ........................................................................................................................................................... ............................................................................................................................................. ................................................................................................................ AMTRAK ......................................................................................................... Amtrak.................................................................................................................................................... Acela......................................................................................................................................................... ....................................................................................................................................................... ................................................................................................................................ AMTRAK............................................................................................................................................... ........................................................................................................................... ................................................................................................................................... 7 - , IPO ................................ ................................................................................................................................. -............................................................................................................................................................. ........................................................................................................................................................
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