Pacific Dana MAAKL

Debt / Capital 50% Debt / Capital 30%

Tax Rate 40% Tax Rate 40%
Invested Capital $ 20,000,000 Invested Capital $ 20,000,000
Debt $ 10,000,000 Debt $ 6,000,000
Interest Rate 12% Interest Rate 10%
Equity $ 10,000,000 Equity $ 14,000,000
EBIT $ 4,000,000 EBIT $ 4,000,000

EBIT EBIT(1-T) ROIC Interest Net Income ROE

Pacific Dana $ 4,000,000 $ 2,400,000 0.12 $ 1,200,000 $ 1,680,000 16.80%
MAAKL $ 4,000,000 $ 2,400,000 0.12 $ 600,000 $ 2,040,000 14.57%
 Pacific Dana MAAKL
Debt / Capital 50% Debt / Capital
Tax Rate 40% Tax Rate
Invested Capital $ 20,000,000 Invested Capital
Debt $ 10,000,000 Debt
Interest Rate 12% Interest Rate
Equity $ 10,000,000 Equity
EBIT $ 4,000,000 EBIT

EBIT EBIT(1-T)
Pacific Dana $ 4,000,000 $ 2,400,000
MAAKL $ 4,000,000 $ 2,400,000
MAAKL
30%
40%
$ 20,000,000
$ 6,000,000
10%
$ 14,000,000
$ 4,000,000

ROIC Interest Net Income ROE

12% $ 1,200,000 $ 1,680,000 16.80%
12% $ 600,000 $ 2,040,000 14.57%
Pacific Dana MAAKL
Debt / Capital 50% Debt / Capital 60%
Tax Rate 40% Tax Rate 40%
Invested Capital $ 20,000,000 Invested Capital $ 20,000,000
Debt $ 10,000,000 Debt $ 12,000,000
Interest Rate 12% Interest Rate 15%
Equity $ 10,000,000 Equity $ 8,000,000
EBIT $ 4,000,000 EBIT $ 4,000,000

EBIT EBIT(1-T) ROIC Interest Net Income ROE

Pacific Dana $ 4,000,000 $ 2,400,000 0.12 $ 1,200,000 $ 1,680,000 16.80%
MAAKL $ 4,000,000 $ 2,400,000 0.12 $ 1,800,000 $ 1,320,000 16.50%
 Pacific Dana MAAKL
Debt / Capital 50% Debt / Capital 60%
Tax Rate 40% Tax Rate 40%
Invested Capital $ 20,000,000 Invested Capital $ 20,000,000
Debt $ 10,000,000 Debt $ 12,000,000
Interest Rate 12% Interest Rate 15%
Equity $ 10,000,000 Equity $ 8,000,000
EBIT $ 4,000,000 EBIT $ 4,000,000

EBIT EBIT(1-T) ROIC Interest

Pacific Dana $ 4,000,000 $ 2,400,000 0.12 $ 1,200,000
MAAKL $ 4,000,000 $ 2,400,000 0.12 $ 1,800,000
Net Income ROE
$ 1,680,000 0.168
$ 1,320,000 0.165