Assumptions
(Enter Inputs)
P/E of stock price for repurchased shares
Rate of return on reinvested capital (before tax)	%
Tax rate on income	%

Alternative buyback proposals

Percent of earnings, annually for 10 years

%

Resulting 10 Year Growth - Annual Buybacks
	Buyback	Reinvest
Earnings per share	110.2%	154.7%
Corporate earnings	33.4%	154.7%
Corporate stockholder equity	33.4%	154.7%

Percent of outstanding shares, single event

%

Resulting 5 Year Growth - Single Buyback
	Buyback	Reinvest
Earnings per share	45.0%	59.6%
Corporate earnings	21.1%	59.6%
Corporate stockholder equity	21.1%	59.6%