Round: 7

Dec. 31, C133484

2028
Andrews Baldwin Chester
Naman Arora Pallavi Chakraborty Kanika Agrawal
Varun Bhalla Jitesh Gupta Bhumika Bhatia
Himanshu Parakh Vinay M Maharaj Prateek Bichpuriya
Sai Avanthika Revan Ayush Mishra SOURAV MORE
Aswin Shaji Shivani Prakash Priyanshu Tiwari

Digby Erie Ferris

Khushi Agarwal Gunjan Agarwal
Rashi Chhaparwal Aman Gahlot
Febina K Maitry Joshi
Kunal Pagey Ritesh Kumar
Akshay S Jayaraj Sushant Yadav
SREERAM THEJAS

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS 12.6% 13.6% -0.2% 4.2% -2.9% -12.4%
Asset Turnover 0.65 1.06 0.61 1.04 1.06 1.03
ROA 8.3% 14.4% -0.1% 4.3% -3.0% -12.8%
Leverage 1.4 1.5 1.5 1.3 2.0 15.6
ROE 11.3% 22.3% -0.2% 5.8% -6.1% -199.7%
Emergency Loan $0 $0 $0 $0 $0 $0
Sales $137,568,531 $165,595,790 $98,161,479 $97,686,604 $83,230,442 $95,116,350
EBIT $30,909,259 $40,278,315 $4,104,545 $7,937,021 $744,179 ($10,063,252)
Profits $17,390,236 $22,583,443 ($173,846) $4,079,968 ($2,390,813) ($11,778,638)
Cumulative Profit $60,319,527 $40,611,327 $24,705,262 $23,176,215 ($14,764,998) ($51,361,537)
SG&A / Sales 25.7% 22.9% 38.5% 32.7% 25.1% 35.0%
Contrib. Margin % 59.4% 55.0% 54.5% 52.0% 31.6% 40.9%

CAPSTONE ® COURIER Page 1

 Round: 7
Stock & Bonds C133484 Dec. 31, 2028
Stock Market Summary
MarketCap Book Value
Company Close Change Shares EPS Dividend Yield P/E
($M) Per Share
Andrews $63.88 $6.19 4,157,144 $266 $37.10 $4.18 $3.00 4.7% 15.3
Baldwin $59.84 $15.94 3,662,276 $219 $27.64 $6.17 $4.00 6.7% 9.7
Chester $38.71 ($6.01) 3,212,651 $124 $34.35 ($0.05) $1.00 2.6% -728.9
Digby $45.75 ($2.81) 2,143,338 $98 $33.03 $1.90 $1.00 2.2% 24.0
Erie $7.25 ($1.01) 2,879,733 $21 $13.61 ($0.83) $0.00 0.0% -8.7
Ferris $1.00 $0.00 4,781,261 $5 $1.23 ($2.46) $0.00 0.0% -0.4

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
11.3S2032 $9,898,636 11.2% 101.24 AA 11.5S2033 $1,826,495 11.2% 102.98 AAA
6.3S2035 $7,500,000 8.1% 78.25 AA 7.8S2035 $15,000,000 9.0% 86.20 AAA
6.0S2036 $12,000,000 8.0% 74.69 AA 7.6S2037 $2,000,000 9.2% 82.63 AAA
5.9S2037 $22,000,000 8.2% 72.21 AA Erie
Baldwin 12.4S2033 $32,332,000 12.8% 97.20 B
11.3S2032 $11,000,000 11.4% 99.08 A 9.6S2038 $4,304,000 11.9% 80.62 B
11.6S2033 $9,500,000 11.6% 100.00 A Ferris
11.8S2034 $4,500,000 11.7% 100.83 A 11.4S2034 $5,335,285 13.3% 85.70 DDD
8.2S2035 $4,000,000 9.7% 84.28 A 8.6S2035 $8,534,477 11.8% 72.70 DDD
6.9S2037 $23,500,000 9.3% 74.57 A 9.3S2036 $23,184,238 12.6% 73.70 DDD
Chester 10.0S2037 $26,289,362 13.3% 75.36 DDD
11.3S2032 $16,000,000 11.3% 100.31 AA 11.5S2038 $1,226,238 14.1% 81.57 DDD
12.3S2033 $3,000,000 11.8% 104.05 AA
8.0S2035 $3,000,000 9.4% 85.02 AA
7.8S2036 $20,000,000 9.4% 82.63 AA
7.9S2037 $5,000,000 9.6% 81.87 AA

Next Year's Prime Rate8.90%

CAPSTONE ® COURIER Page 2
 Round: 7
Financial Summary C133484 Dec. 31, 2028
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) $17,390 $22,583 ($174) $4,080 ($2,391) ($11,779)
Adjustment for non-cash items:
Depreciation $15,870 $12,788 $11,400 $10,039 $6,745 $9,260
Extraordinary gains/losses/writeoffs ($423) $12 ($753) $629 ($2,495) $0
Changes in current assets and liablilities
Accounts payable ($130) ($3,396) $393 $678 $898 ($899)
Inventory ($4,920) $5,665 $557 ($7,132) $5,791 $9,638
Accounts Receivable ($4,701) ($14,433) $783 $11 $6,434 $200
Net cash from operations $23,087 $23,219 $12,207 $8,305 $14,983 $6,421

Cash flows from investing activities

Plant improvements(net) $14,203 $3,082 ($1,920) ($8,700) ($9,041) $0
Cash flows from financing activities
Dividends paid ($12,471) ($14,649) ($3,213) ($2,143) $0 $0
Sales of common stock $0 $0 $20,000 $3,000 $3,960 $797
Purchase of common stock $0 ($5,000) $0 $0 $0 $0
Cash from long term debt issued $0 $0 $0 $0 $4,304 $1,226
Early retirement of long term debt $0 $0 $0 ($3,800) $0 $0
Retirement of current debt $0 ($1) ($20,850) $0 ($5,145) ($35,824)
Cash from current debt borrowing $0 $0 $0 $0 $0 $17,717
Cash from emergency loan $0 $0 $0 $0 $0 $0

Net cash from financing activities ($12,471) ($19,650) ($4,063) ($2,943) $3,119 ($16,084)

Net change in cash position $24,818 $6,652 $6,224 ($3,338) $9,060 ($9,663)
Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $48,478 $18,307 $63,666 $4,457 $10,596 $10,308
Accounts Receivable $16,961 $27,221 $8,068 $8,029 $9,121 $7,818
Inventory $11,816 $1,471 $777 $9,463 $8,268 $2,410
Total Current Assets $77,254 $46,999 $72,511 $21,949 $27,986 $20,536

Plant and equipment $238,050 $191,820 $171,000 $150,580 $101,180 $138,900

Accumulated Depreciation ($104,817) ($82,281) ($82,540) ($78,567) ($50,593) ($67,448)
Total Fixed Assets $133,233 $109,539 $88,460 $72,013 $50,587 $71,452

Total Assets $210,488 $156,538 $160,971 $93,962 $78,573 $91,988

Accounts Payable $4,874 $2,822 $3,615 $4,349 $2,749 $3,805

Current Debt $0 $0 $0 $0 $0 $17,717
Total Current Liabilities $4,874 $2,822 $3,615 $4,349 $2,749 $21,522

Long Term Debt $51,399 $52,500 $47,000 $18,826 $36,636 $64,570

Total Liabilities $56,273 $55,322 $50,615 $23,176 $39,385 $86,092

Common Stock $89,925 $52,650 $65,360 $24,360 $30,767 $35,992

Retained Earnings $64,289 $48,565 $44,996 $46,426 $8,421 ($30,095)
Total Equity $154,215 $101,216 $110,356 $70,786 $39,187 $5,897

Total Liabilities & Owners Equity $210,488 $156,538 $160,971 $93,962 $78,573 $91,988

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $137,569 $165,596 $98,161 $97,687 $83,230 $95,116
Variable Costs(Labor,Material,Carry) $55,803 $74,520 $44,639 $46,918 $56,961 $56,218
Contribution Margin $81,766 $91,076 $53,522 $50,769 $26,269 $38,898
Depreciation $15,870 $12,788 $11,400 $10,039 $6,745 $9,260
SGA(R&D,Promo,Sales,Admin) $35,409 $37,923 $37,772 $31,957 $20,862 $33,301
Other(Fees,Writeoffs,TQM,Bonuses) ($423) $87 $247 $836 ($2,082) $6,401
EBIT $30,909 $40,278 $4,105 $7,937 $744 ($10,063)
Interest(Short term,Long term) $3,609 $4,826 $4,372 $1,532 $4,422 $8,058
Taxes $9,555 $12,408 ($94) $2,242 ($1,287) ($6,342)
Profit Sharing $355 $461 $0 $83 $0 $0
Net Profit $17,390 $22,583 ($174) $4,080 ($2,391) ($11,779)
CAPSTONE ® COURIER Page 3
 Round: 7
Production Analysis C133484 Dec. 31, 2028

2nd
Shift Auto
Unit & mation Capacity
Primary Units Inven Revision Age Pfmn Size Material Labor Contr. Over- Next Next Plant
Name Segment Sold tory Date Dec.31 MTBF Coord Coord Price
Cost
Cost Marg. time Round Round Utiliz.
Able Trad 1,309 91 12/12/2028 1.2 15000 9.0 11.0 $22.75 $7.48 $1.17 63% 36% 10.0 900 135%
Acre Low 2,157 242 11/17/2026 6.9 12000 3.5 16.5 $12.75 $3.44 $1.22 62% 56% 10.0 1,500 155%
Adam High 386 114 12/2/2028 1.2 25000 14.4 5.4 $36.49 $13.37 $1.15 58% 28% 10.0 325 127%
Aft Pfmn 394 206 12/5/2028 1.2 27000 16.0 11.4 $30.75 $13.03 $1.11 50% 18% 10.0 400 117%
Agape Size 418 181 12/5/2028 1.2 21000 8.5 3.9 $31.49 $11.45 $1.18 58% 41% 10.0 400 140%
Aston High 404 197 12/12/2028 1.2 25000 14.9 5.0 $36.99 $13.64 $1.19 58% 43% 10.0 400 142%
Audi Low 2,000 0 2/17/2024 4.9 12000 4.0 15.9 $12.99 $3.77 $1.23 60% 62% 10.0 1,250 160%

Baker Trad 1,686 0 11/8/2028 1.2 19000 9.4 10.4 $22.98 $8.86 $1.25 56% 72% 10.0 900 169%
Bead Low 2,538 0 12/25/2028 2.0 16000 5.1 14.8 $12.49 $5.49 $1.28 49% 90% 10.0 1,350 187%
Bid High 436 0 12/10/2028 1.1 25000 14.8 5.0 $36.24 $13.66 $1.25 58% 70% 10.0 230 167%
Bold Pfmn 436 39 11/2/2028 1.2 27000 16.2 11.4 $29.98 $13.16 $1.20 48% 44% 10.0 250 142%
Buddy Size 445 0 11/2/2028 1.2 21000 8.5 3.7 $31.24 $11.56 $1.23 58% 59% 10.0 245 156%
Black Size 443 0 11/2/2028 1.2 21000 8.5 3.7 $31.24 $11.56 $1.23 58% 59% 10.0 245 156%
Bund Trad 1,677 92 11/28/2028 1.4 18500 9.3 10.5 $22.98 $8.67 $1.29 58% 100% 10.0 950 197%

Cake Trad 1,503 0 11/29/2028 1.2 19000 9.4 10.6 $23.50 $8.77 $1.25 58% 58% 10.0 1,200 121%
Cedar Low 1,752 0 10/20/2028 1.6 16000 4.5 15.4 $12.50 $5.12 $1.31 49% 100% 10.0 1,200 152%
Cid High 289 15 12/19/2028 1.1 25000 14.1 6.0 $35.99 $13.10 $1.25 60% 60% 8.0 250 122%
Coat Pfmn 334 22 12/22/2028 1.1 27000 15.5 11.9 $30.50 $12.76 $1.26 54% 66% 8.0 250 126%
Cure Size 240 3 12/22/2028 1.1 21000 8.0 4.5 $31.90 $11.13 $1.23 62% 48% 8.0 200 113%
Candy High 191 0 6/17/2028 0.5 25000 15.0 4.9 $36.50 $13.69 $5.02 48% 100% 8.0 300 64%
Cap Pfmn 184 12 6/12/2028 0.5 27000 16.2 11.2 $31.00 $13.14 $5.02 40% 100% 8.0 300 65%

Daze Trad 1,612 171 9/26/2028 1.3 17000 9.7 10.2 $22.80 $8.47 $2.36 52% 60% 9.1 1,100 158%
Dell Low 2,123 254 9/15/2026 6.9 12500 3.6 16.7 $11.99 $3.58 $1.96 52% 100% 9.5 1,300 198%
Duck High 209 286 9/30/2028 1.7 25000 15.8 4.1 $36.50 $14.21 $1.31 54% 100% 10.0 300 198%
Dot Pfmn 405 116 9/28/2028 1.2 27000 16.2 11.2 $31.33 $13.18 $2.84 49% 19% 8.5 345 118%
Dune Size 481 15 9/28/2028 1.2 21000 8.7 3.7 $31.50 $11.59 $3.25 53% 94% 8.5 300 192%

Eat Trad 1,174 235 7/1/2028 1.5 14000 9.7 10.2 $23.49 $8.39 $5.84 38% 33% 9.0 850 133%
Ebb Low 1,501 0 7/9/2027 6.5 12000 5.2 14.7 $12.00 $4.90 $3.94 24% 0% 10.0 850 84%
Edge Pfmn 312 46 7/5/2028 1.5 27000 16.2 11.2 $30.99 $14.40 $7.09 29% 21% 6.0 250 120%
Egg Size 375 23 6/15/2028 1.5 20000 8.7 3.7 $31.49 $12.37 $9.18 31% 60% 6.5 250 160%
Etc High 443 141 6/23/2028 1.5 25000 15.0 4.9 $36.49 $15.01 $9.22 31% 63% 7.0 320 162%

Fast Pfmn 392 0 6/17/2027 3.7 27000 15.8 12.1 $21.50 $13.22 $4.91 16% 0% 7.0 600 51%
Feat Pfmn 224 18 7/30/2028 3.5 27000 14.8 11.9 $31.50 $12.85 $4.91 50% 0% 7.0 600 19%
Fist High 459 21 7/18/2028 1.4 25000 14.8 5.2 $36.50 $13.94 $7.37 41% 0% 5.0 500 76%
Foam Pfmn 315 0 7/23/2028 1.4 27000 16.9 11.2 $31.50 $13.80 $5.52 38% 0% 6.5 550 42%
Fume Size 318 3 7/18/2028 1.4 19000 9.4 3.6 $31.50 $11.51 $6.14 43% 0% 6.0 500 46%
Fox High 435 48 7/27/2028 1.3 25000 14.4 5.5 $36.50 $13.72 $6.14 45% 0% 6.0 600 63%
Fuel Size 332 15 7/10/2028 1.3 19000 9.3 3.6 $31.50 $11.49 $6.14 44% 0% 6.0 550 55%
Fluke High 456 20 7/27/2028 1.2 25000 15.0 4.7 $36.50 $14.15 $6.14 44% 0% 6.0 600 76%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C133484 Round: 7
Dec. 31, 2028

Traditional Statistics
Total Industry Unit Demand 8,937
Actual Industry Unit Sales |8,937
Segment % of Total Industry |29.0%

Next Year's Segment Growth Rate |14.4%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $16.50 - 26.50 23%
3. Ideal Position Pfmn 9.7 Size 10.2 21%
4. Reliability MTBF 14000-19000 9%

Top Products in Traditional Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Baker 19% 1,686 11/8/2028 YES 9.4 10.4 $22.98 19000 1.19 $2,060 98% $2,893 100% 66
Bund 19% 1,677 11/28/2028 9.3 10.5 $22.98 18500 1.42 $2,350 97% $2,284 100% 73
Daze 18% 1,612 9/26/2028 9.7 10.2 $22.80 17000 1.29 $2,514 99% $2,936 99% 63
Cake 17% 1,503 11/29/2028 YES 9.4 10.6 $23.50 19000 1.17 $2,040 97% $3,266 100% 59
Able 14% 1,284 12/12/2028 9.0 11.0 $22.75 15000 1.17 $1,950 96% $2,871 100% 46
Eat 13% 1,174 7/1/2028 9.7 10.2 $23.49 14000 1.47 $1,850 94% $1,975 81% 52

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C133484 Round: 7
Dec. 31, 2028

Low End Statistics

Total Industry Unit Demand 12,095
Actual Industry Unit Sales |12,095
Segment % of Total Industry |39.3%

Next Year's Segment Growth Rate |13.7%

Low End Customer Buying Criteria
Expectations Importance
1. Price $11.50 - 21.50 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 5.0 Size 14.9 16%
4. Reliability MTBF 12000-17000 7%

Top Products in Low End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Bead 21% 2,538 12/25/2028 YES 5.1 14.8 $12.49 16000 1.95 $2,080 98% $2,588 100% 71
Acre 18% 2,157 11/17/2026 3.5 16.5 $12.75 12000 6.86 $1,950 96% $2,393 100% 31
Dell 18% 2,123 9/15/2026 3.6 16.7 $11.99 12500 6.94 $2,514 99% $2,781 99% 29
Audi 17% 2,000 2/17/2024 YES 4.0 15.9 $12.99 12000 4.87 $1,950 96% $2,074 100% 59
Cedar 14% 1,752 10/20/2028 YES 4.5 15.4 $12.50 16000 1.59 $2,040 97% $2,644 100% 60
Ebb 12% 1,501 7/9/2027 YES 5.2 14.7 $12.00 12000 6.54 $1,640 94% $2,244 80% 85
Able 0% 25 12/12/2028 9.0 11.0 $22.75 15000 1.17 $1,950 67% $2,871 100% 0

CAPSTONE ® COURIER Page 6

High End Segment Analysis C133484 Round: 7
Dec. 31, 2028

High End Statistics

Total Industry Unit Demand 3,708
Actual Industry Unit Sales |3,708
Segment % of Total Industry |12.0%

Next Year's Segment Growth Rate |21.2%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 15.0 Size 4.9 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $26.50 - 36.50 9%

Top Products in High End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Fist 12% 459 7/18/2028 14.8 5.2 $36.50 25000 1.41 $2,200 97% $1,446 100% 71
Fluke 12% 456 7/27/2028 15.0 4.7 $36.50 25000 1.18 $2,100 72% $1,687 100% 68
Etc 12% 443 6/23/2028 15.0 4.9 $36.49 25000 1.47 $2,150 97% $898 90% 66
Bid 12% 436 12/10/2028 YES 14.8 5.0 $36.24 25000 1.15 $1,990 98% $1,827 100% 85
Fox 12% 435 7/27/2028 14.4 5.5 $36.50 25000 1.35 $2,100 97% $1,566 100% 66
Aston 11% 404 12/12/2028 14.9 5.0 $36.99 25000 1.15 $1,850 97% $2,074 100% 76
Adam 10% 386 12/2/2028 14.4 5.4 $36.49 25000 1.19 $1,850 97% $2,393 100% 77
Cid 8% 289 12/19/2028 14.1 6.0 $35.99 25000 1.08 $1,680 96% $1,711 100% 61
Duck 6% 209 9/30/2028 15.8 4.1 $36.50 25000 1.73 $2,650 97% $3,554 91% 32
Candy 5% 191 6/17/2028 YES 15.0 4.9 $36.50 25000 0.53 $2,900 58% $2,333 100% 76

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C133484 Round: 7
Dec. 31, 2028

Performance Statistics
Total Industry Unit Demand 2,995
Actual Industry Unit Sales |2,995
Segment % of Total Industry |9.7%

Next Year's Segment Growth Rate |22.8%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 16.2 Size 11.2 29%
3. Price $21.50 - 31.50 19%
4. Age Ideal Age = 1.0 9%

Top Products in Performance Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Bold 15% 436 11/2/2028 16.2 11.4 $29.98 27000 1.22 $1,955 98% $1,827 99% 88
Dot 14% 405 9/28/2028 16.2 11.2 $31.33 27000 1.23 $2,372 99% $3,245 97% 82
Aft 13% 394 12/5/2028 16.0 11.4 $30.75 27000 1.23 $1,800 97% $2,074 100% 85
Fast 13% 392 6/17/2027 YES 15.8 12.1 $21.50 27000 3.67 $2,000 97% $1,446 78% 78
Coat 11% 334 12/22/2028 15.5 11.9 $30.50 27000 1.08 $1,960 97% $1,866 100% 74
Foam 11% 315 7/23/2028 YES 16.9 11.2 $31.50 27000 1.41 $2,000 97% $1,446 78% 64
Edge 10% 312 7/5/2028 16.2 11.2 $30.99 27000 1.50 $1,550 87% $1,885 64% 62
Feat 7% 224 7/30/2028 14.8 11.9 $31.50 27000 3.50 $2,000 97% $1,446 78% 44
Cap 6% 184 6/12/2028 16.2 11.2 $31.00 27000 0.55 $2,900 58% $2,177 100% 64

CAPSTONE ® COURIER Page 8

Size Segment Analysis C133484 Round: 7
Dec. 31, 2028

Size Statistics
Total Industry Unit Demand 3,053
Actual Industry Unit Sales |3,053
Segment % of Total Industry |9.9%

Next Year's Segment Growth Rate |23.2%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 8.7 Size 3.7 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $21.50 - 31.50 9%

Top Products in Size Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
urvey
S
Dune 16% 481 9/28/2028 8.7 3.7 $31.50 21000 1.24 $2,485 99% $2,936 97% 99
Buddy 15% 445 11/2/2028 YES 8.5 3.7 $31.24 21000 1.22 $2,000 98% $1,979 100% 101
Black 14% 443 11/2/2028 YES 8.5 3.7 $31.24 21000 1.19 $2,000 98% $1,979 100% 100
Agape 14% 418 12/5/2028 8.5 3.9 $31.49 21000 1.22 $1,950 97% $2,074 100% 97
Egg 12% 375 6/15/2028 8.7 3.7 $31.49 20000 1.53 $1,600 92% $1,975 68% 75
Fuel 11% 332 7/10/2028 9.3 3.6 $31.50 19000 1.35 $2,100 96% $1,566 94% 67
Fume 10% 318 7/18/2028 9.4 3.6 $31.50 19000 1.42 $2,100 96% $1,446 94% 63
Cure 8% 240 12/22/2028 8.0 4.5 $31.90 21000 1.08 $2,060 97% $1,711 100% 57

CAPSTONE ® COURIER Page 9

 Round: 7
Market Share C133484 Dec. 31, 2028

Actual Market Share in Units Potential Market Share in Units

Trad Low High Pfmn Size Total Trad Low High Pfmn Size Total
Industry Unit Sales 8,937 12,095 3,708 2,995 3,053 30,787 Units Demanded 8,937 12,095 3,708 2,995 3,053 30,787
% of Market 29.0% 39.3% 12.0% 9.7% 9.9% 100.0% % of Market 29.0% 39.3% 12.0% 9.7% 9.9% 100.0%

Able 14.4% 0.2% 4.3% Able 13.9% 4.1%

Acre 17.8% 7.0% Acre 12.5% 4.9%
Adam 10.4% 1.3% Adam 10.1% 1.2%
Aft 13.2% 1.3% Aft 13.0% 1.3%
Agape 13.7% 1.4% Agape 13.1% 1.3%
Aston 10.9% 1.3% Aston 10.6% 1.3%
Audi 16.5% 6.5% Audi 16.7% 6.5%
Total 14.4% 34.6% 21.3% 13.2% 13.7% 23.0% Total 13.9% 29.3% 20.7% 13.0% 13.1% 20.6%

Baker 18.9% 5.5% Baker 19.9% 5.8%

Bead 21.0% 8.2% Bead 20.2% 8.0%
Bid 11.8% 1.4% Bid 11.9% 1.4%
Bold 14.6% 1.4% Bold 14.4% 1.4%
Buddy 14.6% 1.5% Buddy 16.1% 1.6%
Black 14.5% 1.4% Black 16.2% 1.6%
Bund 18.8% 5.5% Bund 18.2% 5.3%
Total 37.6% 21.0% 11.8% 14.6% 29.1% 24.9% Total 38.1% 20.3% 11.9% 14.4% 32.3% 25.1%

Cake 16.8% 4.9% Cake 17.9% 5.2%

Cedar 14.5% 5.7% Cedar 16.3% 6.4%
Cid 7.8% 0.9% Cid 7.6% 0.9%
Coat 11.2% 1.1% Coat 11.0% 1.1%
Cure 7.9% 0.8% Cure 7.5% 0.7%
Candy 5.2% 0.6% Candy 7.5% 0.9%
Cap 6.1% 0.6% Cap 6.0% 0.6%
Total 16.8% 14.5% 13.0% 17.3% 7.9% 14.6% Total 17.9% 16.3% 15.1% 17.0% 7.5% 15.8%

Daze 18.0% 5.2% Daze 17.4% 5.1%

Dell 17.5% 6.9% Dell 12.4% 4.9%
Duck 5.7% 0.7% Duck 5.5% 0.7%
Dot 13.5% 1.3% Dot 13.4% 1.3%
Dune 15.8% 1.6% Dune 15.0% 1.5%
Total 18.0% 17.5% 5.7% 13.5% 15.8% 15.7% Total 17.4% 12.4% 5.5% 13.4% 15.0% 13.4%

Eat 13.1% 3.8% Eat 12.6% 3.7%

Ebb 12.4% 4.9% Ebb 21.7% 8.5%
Edge 10.4% 1.0% Edge 10.3% 1.0%
Egg 12.3% 1.2% Egg 11.7% 1.2%
Etc 11.9% 1.4% Etc 11.6% 1.4%
Total 13.1% 12.4% 11.9% 10.4% 12.3% 12.4% Total 12.6% 21.7% 11.6% 10.3% 11.7% 15.8%

Fast 13.1% 1.3% Fast 14.1% 1.4%

Feat 7.5% 0.7% Feat 7.4% 0.7%
Fist 12.4% 1.5% Fist 12.0% 1.4%
Foam 10.5% 1.0% Foam 10.4% 1.0%
Fume 10.4% 1.0% Fume 9.9% 1.0%
Fox 11.7% 1.4% Fox 11.3% 1.4%
Fuel 10.9% 1.1% Fuel 10.4% 1.0%
Fluke 12.3% 1.5% Fluke 11.9% 1.4%
Total 36.4% 31.1% 21.3% 9.5% Total 35.3% 31.9% 20.3% 9.4%

CAPSTONE ® COURIER Page 10

 Round: 7
Perceptual Map C133484 Dec. 31, 2028

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Able 9.0 11.0 12/12/2028 Baker 9.4 10.4 11/8/2028 Cake 9.4 10.6 11/29/2028
Acre 3.5 16.5 11/17/2026 Bead 5.1 14.8 12/25/2028 Cedar 4.5 15.4 10/20/2028
Adam 14.4 5.4 12/2/2028 Bid 14.8 5.0 12/10/2028 Cid 14.1 6.0 12/19/2028
Aft 16.0 11.4 12/5/2028 Bold 16.2 11.4 11/2/2028 Coat 15.5 11.9 12/22/2028
Agape 8.5 3.9 12/5/2028 Buddy 8.5 3.7 11/2/2028 Cure 8.0 4.5 12/22/2028
Aston 14.9 5.0 12/12/2028 Black 8.5 3.7 11/2/2028 Candy 15.0 4.9 6/17/2028
Audi 4.0 15.9 2/17/2024 Bund 9.3 10.5 11/28/2028 Cap 16.2 11.2 6/12/2028

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 9.7 10.2 9/26/2028 Eat 9.7 10.2 7/1/2028 Fast 15.8 12.1 6/17/2027
Dell 3.6 16.7 9/15/2026 Ebb 5.2 14.7 7/9/2027 Feat 14.8 11.9 7/30/2028
Duck 15.8 4.1 9/30/2028 Edge 16.2 11.2 7/5/2028 Fist 14.8 5.2 7/18/2028
Dot 16.2 11.2 9/28/2028 Egg 8.7 3.7 6/15/2028 Foam 16.9 11.2 7/23/2028
Dune 8.7 3.7 9/28/2028 Etc 15.0 4.9 6/23/2028 Fume 9.4 3.6 7/18/2028
Fox 14.4 5.5 7/27/2028
Fuel 9.3 3.6 7/10/2028
Fluke 15.0 4.7 7/27/2028

CAPSTONE ® COURIER Page 11

 Round: 7
HR/TQM Report C133484 Dec. 31, 2028
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 133 132 128 172 297 312
Complement 133 132 128 172 223 312
1st Shift Complement 91 73 71 100 222 312
2nd Shift Complement 42 59 57 72 1 0
Overtime Percent 0.2% 0.1% 0.3% 0.0% 33.7% 0.0%
Turnover Rate 6.4% 7.4% 16.0% 6.5% 12.3% 16.9%
New Employees 9 10 63 45 27 53
Separated Employees 107 126 0 0 74 0
Recruiting Spend $5,000 $5,000 $5,000 $5,000 $2,000 $2,500
Training Hours 80 80 80 80 20 40
Productivity Index 127.1% 125.5% 113.8% 123.1% 100.0% 108.7%
Recruiting Cost $51 $58 $381 $271 $82 $184
Separation Cost $535 $630 $0 $0 $371 $1
Training Cost $213 $211 $205 $275 $89 $249
Total HR Admin Cost $799 $900 $586 $546 $542 $435
Labor Contract Next Year
Wages $42.22 $42.01 $35.86 $42.22 $42.22 $36.59
Benefits 3,750 3,690 3,250 3,750 3,750 3,250
Profit Sharing 3.0% 2.8% 2.6% 3.0% 3.0% 2.6%
Annual Raise 7.5% 7.2% 6.5% 7.5% 7.5% 6.5%
Starting Negotiation Position
Wages $42.22 $38.00 $26.81 $42.22 $42.22 $28.15
Benefits 3,750 3,300 2,500 3,750 3,750 2,500
Profit Sharing 3.0% 2.7% 2.0% 3.0% 3.0% 2.0%
Annual Raise 7.5% 6.8% 5.0% 7.5% 7.5% 5.0%
Ceiling Negotiation Position
Wages $46.44 $41.80 $29.49 $46.45 $46.45 $30.96
Benefits 4,125 3,630 2,750 4,125 4,125 2,750
Profit Sharing 3.3% 3.0% 2.2% 3.3% 3.3% 2.2%
Annual Raise 8.2% 7.5% 5.5% 8.2% 8.2% 5.5%
Adjusted Labor Demands
Wages $42.22 $42.22 $42.22 $42.22 $42.22 $42.22
Benefits 3,750 3,750 3,750 3,750 3,750 3,750
Profit Sharing 3.0% 3.0% 3.0% 3.0% 3.0% 3.0%
Annual Raise 7.5% 7.5% 7.5% 7.5% 7.5% 7.5%
Strike Days 0 6 84 0 0 84

TQM SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Process Mgt Budgets Last Year
CPI Systems $0 $0 $0 $0 $0 $0
VendorJIT $0 $0 $0 $0 $0 $0
Quality Initiative Training $0 $0 $0 $0 $0 $0
Channel Support Systems $0 $0 $0 $0 $0 $900
Concurrent Engineering $0 $0 $0 $0 $0 $900
UNEP Green Programs $0 $0 $0 $0 $0 $900

TQM Budgets Last Year

Benchmarking $0 $0 $0 $0 $0 $900
Quality Function Deployment Effort $0 $0 $0 $0 $0 $900
CCE/6 Sigma Training $0 $0 $0 $0 $0 $900
GEMI TQEM Sustainability Initiatives $0 $0 $0 $0 $0 $900
Total Expenditures $0 $0 $0 $0 $0 $6,300

Cumulative Impacts
Material Cost Reduction 11.80% 11.48% 11.80% 11.56% 3.34% 9.28%
Labor Cost Reduction 14.00% 13.57% 14.00% 13.80% 10.73% 8.18%
Reduction R&D Cycle Time 40.01% 40.01% 40.01% 40.01% 39.58% 40.01%
Reduction Admin Costs 36.12% 22.03% 60.02% 40.27% 0.00% 60.02%
Demand Increase 14.33% 14.40% 14.40% 13.58% 11.29% 14.40%

CAPSTONE ® COURIER Page 12


Ethics Report
Other (Fees, Writeoffs, etc.)
Demand Factor
Material Cost Impact
Admin Cost Impact
Productivity Impact
Awareness Impact
Accessibility Impact
Round: 7
C133484 Dec. 31, 2028
ETHICS SUMMARY
The actual dollar impact. Example, $120 means Other increased by $120.
The % of normal. 98% means demand fell 2%.
The % of normal. 104% means matieral costs rose 4%.
The % of normal. 103% means admin costs rose 3%.
The % of normal. 104% means productivity increased by 4%.
The % of normal. 105% means normal awareness was multiplied by 1.05.
The % of normal. 98% means normal accessiblity was multiplied by 0.98.
Normal means the value that would have been produced if the problem had not been presented.

No Impact Andrews Baldwin Chester Digby Erie Ferris

Total
Other (Fees, Writeoffs, etc.) $0 $0 $0 $0 $0 $0 $0
Demand Factor 100% 100% 100% 100% 100% 100% 100%
Material Cost Impact 100% 100% 100% 100% 100% 100% 100%
Admin Cost Impact 100% 100% 100% 100% 100% 100% 100%
Productivity Impact 100% 100% 100% 100% 100% 100% 100%
Awareness Impact 100% 100% 100% 100% 100% 100% 100%
Accessibility Impact 100% 100% 100% 100% 100% 100% 100%

CAPSTONE ® COURIER Page 13

 Annual Report
Round: 7
Annual Report Andrews C133484
Dec. 31, 2028
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2028 2027
assets for that year. Cash: Your end-of-year cash Common
position. Accounts Receivable: Reflects the lag between
Size
delivery and payment of your products. Inventories: The Cash $48,478 23.0% $23,661
current value of your inventory across all products. A zero
Account Receivable $16,961 8.1% $12,260
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $11,816 5.6% $6,895
Equipment: The current value of your plant. Accum Total Current Assets $77,255 36.7% $42,816
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $238,050 113.0% $259,900
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($104,817) -49.8% ($97,017)
of operations. It includes emergency loans used to keep Total Fixed Assets $133,233 63.3% $162,883
your company solvent should you run out of cash during Total Assets $210,488 100.0% $205,699
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value LIABILITIES & OWNERS
of your bonds. Common Stock: The amount of capital
EQUITY
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep Accounts Payable $4,874 2.3% $5,004
instead of paying to shareholders as dividends.
Current Debt $0 0.0% $0
Long Term Debt $51,399 24.4% $51,399
Total Liabilities $56,273 26.7% $56,403

Common Stock $89,925 42.7% $89,925

Retained Earnings $64,289 30.5% $59,370
Total Equity $154,214 73.3% $149,295
Total Liab. & O. Equity $210,488 100.0% $205,699

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2028 2027
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) $17,390 $19,713
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $15,870 $17,327
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs ($423) $461
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable ($130) ($916)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory ($4,920) $3,448
the report would show the increase in inventory as a huge negative cash
Accounts Receivable ($4,701) $275
flow. Too much unexpected inventory could outstrip your inflows, exhaust
your starting cash and force you to beg for money to keep your company Net cash from operation $23,087 $40,308
afloat. Cash Flows from Investing Activities
Plant Improvements $14,203 ($33,610)
Cash Flows from Financing Activities
Dividends paid ($12,471) ($7,275)
Sales of common stock $0 $0
Purchase of common stock $0 $0
Cash from long term debt $0 $22,000
Retirement of long term debt $0 ($11,000)
Change in current debt(net) $0 $0
Net cash from financing activities ($12,471) $3,725
Net change in cash position $24,818 $10,423
Closing cash position $48,478 $23,661

Annual Report Page 14

 Round: 7
Annual Report Andrews C133484
Dec. 31, 2028
2028 Income Statement
2028 Common
(Product Name) Able Acre Adam Aft Agape Aston Audi
Total
Size
Sales $29,770 $27,504 $14,098 $12,107 $13,174 $14,933 $25,982 $0 $137,569 100.0%
Variable Costs:
Direct Labor $1,545 $2,621 $584 $652 $555 $539 $2,457 $0 $8,953 6.5%
Direct Material $9,491 $7,757 $5,121 $5,084 $4,716 $5,438 $7,825 $0 $45,432 33.0%
Inventory Carry $92 $140 $201 $360 $274 $350 $0 $0 $1,418 1.0%
Total Variable $11,128 $10,518 $5,906 $6,097 $5,545 $6,327 $10,281 $0 $55,803 40.6%
Contribution Margin $18,642 $16,986 $8,191 $6,010 $7,629 $8,607 $15,700 $0 $81,765 59.4%
Period Costs:
Depreciation $2,760 $4,600 $997 $1,227 $1,227 $1,227 $3,833 $0 $15,870 11.5%
SG&A: R&D $962 $0 $935 $942 $942 $962 $0 $0 $4,744 3.4%
Promotions $1,950 $1,950 $1,850 $1,800 $1,950 $1,850 $1,950 $0 $13,300 9.7%
Sales $2,871 $2,393 $2,393 $2,074 $2,074 $2,074 $2,074 $0 $15,950 11.6%
Admin $306 $283 $145 $124 $135 $154 $267 $0 $1,414 1.0%
Total Period $8,849 $9,225 $6,319 $6,167 $6,328 $6,266 $8,124 $0 $51,279 37.3%
Net Margin $9,793 $7,761 $1,872 ($157) $1,300 $2,341 $7,576 $0 $30,486 22.2%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other ($423) -0.3%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $30,909 22.5%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $0 0.0%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $3,609 2.6%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes $9,555 6.9%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $355 0.3%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit $17,390 12.6%
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Annual Report Page 15