Again this is because the expected roic is less than

Again, this is because the Expected ROIC is
less than the WACC. In the Final scenario, Bell Memory's Expected ROIC improves because it becomes the
division requires less capital to support its sales. This causes the ROIC to become greater than the WACC,
leading to positive MVA.

Proposal 1
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0.3
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Proposal 1
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Final Plan
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0.2
0.5
0.06

Final Plan
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Preliminary
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0.3
0.59
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Preliminary
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