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For the year ended 2008
(In Millions)
2007 2008

Revenues 35510 53265 50 % increase

cost & expenses 80.90397 -28729 -43091

Gains on sales of equity investment & business 1052 1200
EBIT 7833 11374

Net interest expenses 7.6% 0.075705 593 861.0726

Equity in the income of investees 485 500
Income from operations before Tax,miniroty

interest, cumulativ effect of accounting change 7725 11012.93

Income Taxes 0.372039 -2874 -4097.24

Minorty interests -177 -177

Income from continuing operations 4674 6738.691

discontinued operations, net of tax 13 20

Net Income 4687 6758.691

Divend 512 800

Retained Earnings 4175 5958.691

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Required Amount of Fund 10000

Tax Rate 38%
Interest Rate 5%
Outstanding Shares 2000
Market —rice —er Share 30
EBIT 7725-10000

Common Stock Financing Debt Financing Combination Financing

EBIT 7,725 10,000 7,725 10,000 7,725 10,000

Less: Interest (5%) 0 0 50 50 25 25
EBT 7,725 10,000 7,675 9,950 7,700 9,975
Less:Tax(38%) 2,936 3,800 2,917 3,781 2,926 3,791
Earning After Tax 4,790 6,200 4,759 6,169 4,774 6,185

No. of outstanding shares 2,033 2,033 2,000 2,000 2,017 2,017

E—S 2.356 3.050 2.379 3.085 2.367 3.066
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