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Alternative #1 Alternative #2
1500000 1500000

1250000 $1,200,000 1250000

1000000 1000000

$760,000
750000 750000
$600,000
500000 500000

250000 $200,000 250000

0 0
Dividends Dividends
Liquidation Dividends Liquidation Dividends

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Alternative #1 Alternative #2
15000000 15000000
$14,000,000
$12,993,750
12500000 12500000

10000000 10000000

7500000 7500000

5000000 5000000

2500000 2500000
$1,000,000
$125,000
0 0
Dividends Dividends
Liquidation Dividends Liquidation Dividends

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