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ke0 2001\f0\fs24\cf0\b0\i0\ul0\strike0 results.\f0\fs24\cf0\b0\i0\ul0\strike0To\f0\fs24\cf0\b0\i0\ul0\strike0 boost\f0\fs24\cf0\b0\i0\ul0\strike0 revenue,

\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 company\f0\fs24\cf0\b0\i0\ul0\strike0 would\f0\fs24\cf0\b0\i0\ul0\strike0 develop\f0\fs24\cf0\b0\i0\ul0\strike0 more\f0\fs24\cf0\b0\i0\ul0\strike0 athletic-\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 shoe\f0\fs24\cf0\b0\i0\ul0\strike0 product\f0\fs24\cf0\b0\i0\ul0\strike0 in\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 mid-priced\f0\fs24\cf0\b0\i0\ul0\strike0 segment.\f0\fs24\cf0\b0\i0\ul0\strike0 On\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 cost\f0\fs24\cf0\b0\i0\ul0\strike0 side,\f0\fs24\cf0\b0\i0\ul0\strike0 Nike\f0\fs24\cf0\b0\i0\ul0\strike0 would\f0\fs24\cf0\b0\i0\ul0\strike0 exert\f0\fs24\cf0\b0\i0\ul0\strike0 more\f0\fs24\cf0\b0\i0\ul0\strike0

effort\f0\fs24\cf0\b0\i0\ul0\strike0 on\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 expense\f0\fs24\cf0\b0\i0\ul0\strike0 control.\f0\fs24\cf0\b0\i0\ul0\strike0 Finally,\f0\fs24\cf0\b0\i0\ul0\strike0 company\f0\fs24\cf0\b0\i0\ul0\strike0 executives\f0\fs24\cf0\b0\i0\ul0\strike0 reiterated\f0\fs24\cf0\b0\i0\ul0\strike0 their\f0\fs24\cf0\b0\i0\ul0\strike0 long\f0\fs24\cf0\b0\i0\ul0\strike0 term\f0\fs24\cf0\b0\i0\ul0\strike0 revenue\f0\fs24\cf0\b0\i0\ul0\strike0 growth\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 targets\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 8%\f0\fs24\cf0\b0\i0\ul0\strike0 to\f0\fs24\cf0\b0\i0\ul0\strike0 10%\f0\fs24\cf0\b0\i0\ul0\strike0 and\f0\fs24\cf0\b0\i0\ul0\strike0 earnings\f0\fs24\cf0\b0\i0\ul0\strike0 growth\f0\fs24\cf0\b0\i0\ul0\strike0 targets\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 above\f0\fs24\cf0\b0\i0\ul0\strike0 15%.

\f0\fs24\cf0\b0\i0\ul0\strike0 Nike\f0\fs24\cf0\b0\i0\ul0\strike0 has\f0\fs24\cf0\b0\i0\ul0\strike0 revealed\f0\fs24\cf0\b0\i0\ul0\strike0 that\f0\fs24\cf0\b0\i0\ul0\strike0 it\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 would\f0\fs24\cf0\b0\i0\ul0\strike0 increase\f0\fs24\cf0\b0\i0\ul0\strike0 exposure\f0\fs24\cf0\b0\i0\ul0\strike0 in\f0\fs24\cf0\b0\i0\ul0\strike0 mid-price\f0\fs24\cf0\b0\i0\ul0\strike0 footwear\f0\fs24\cf0\b0\i0\ul0\strike0 and\f0\fs24\cf0\b0\i0\ul0\strike0 apparel\f0\fs24\cf0\b0\i0\ul0\strike0 lines.\f0\fs24\cf0\b0\i0\ul0\strike0 It\f0\fs24\cf0\b0\i0\ul0\strike0 also\f0\fs24\cf0\b0\i0\ul0\strike0 commits\f0\fs24\cf0\b0\i0\ul0\strike0 to\f0\fs24\cf0\b0\i0\ul0\strike0 cut\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 down\f0\fs24\cf0\b0\i0\ul0\strike0 expenses.\f0\fs24\cf0\b0\i0\ul0\strike0 The\f0\fs24\cf0\b0\i0\ul0\strike0 market\f0\fs24\cf0\b0\i0\ul0\strike0 responded\f0\fs24\cf0\b0\i0\ul0\strike0 mixed\f0\fs24\cf0\b0\i0\ul0\strike0 signals\f0\fs24\cf0\b

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\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 capital.\f0\fs24\cf0\b0\i0\ul0\strike0 Apparently,\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 th\f0\fs24\cf0\b0\i0\ul0\strike0 e\f0\fs24\cf0\b0\i0\ul0\strike0issue\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 Nike\u8217?s\f0\fs24\cf0\b0\i0\ul0\strike0 case\f0\fs24\cf0\b0\i0\ul0\strike0 is\f0\fs24\cf0\b0\i0\ul0\strike0 to\f0\fs24\cf0\b0\i0\ul0\strike0 control\f0\fs24\cf0\b0\i0\ul0\strike0 and\f0\fs24\cf0\b0\i0\ul0\strike0 check\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 calculation\f0\fs24\cf0\b0\i0\ul0\strike0 cost\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 capital\f0\fs24\cf0\b0\i0\ul0\strike0 done\f0\fs24\cf0\b0\i0\ul0\strike0 by\f0\f

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s24\cf0\b0\i0\ul0\strike0 Joanna\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 Cohen.\f0\fs24\cf0\b0\i0\ul0\strike0 The\f0\fs24\cf0\b0\i0\ul0\strike0 aim\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 our\f0\fs24\cf0\b0\i0\ul0\strike0 analysis\f0\fs24\cf0\b0\i0\ul0\strike0 is\f0\fs24\cf0\b0\i0\ul0\strike0 to\f0\fs24\cf0\b0\i0\ul0\strike0 show\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 mistakes\f0\fs24\cf0\b0\i0\ul0\strike0 appared\f0\fs24\cf0\b0\i0\ul0\strike0 in\f0\fs24\cf0\b0\i0\ul0\strike0 estimating\f0\fs24\cf0\b0\i0\ul0\strike0 process\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 cost\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 capital.\par\pard\plain\sl-200\par\pard\plain\sl-200\par\pard\plain\sl-238\par\pard\plain\li1440\sl-240\f0\fs24\cf0\b\i0\ul0\strike0 Problem\par\sect\sected\sbknone\cols2\colno1\colw1850\colsr10\colno2\colw10040\pard\plain\li1440\sl-443\f1\fs24\cf0\b0\i0\ul0\strike0 \u61623?\par\pard\plain\li1440\sl-453\f1\fs24\cf0\b0\i0\ul0\strike0 \u61623?\par\pard\plain\li1440\sl-451\f1\fs24\cf0\b0\i0\ul0\strike0 \u61623?\par\pard\plain\li1440\sl-453\f1\fs24\cf0\b0\i0\ul0\strike0 \u61623?\par\pard\column\plain\sl-211\par\pard\plain\li0\sl-240\f0\fs24\cf0\chcbpat1\b0\i0\ul0\strike0 WACC estimation\par\pard\plain\sl-213\par\pard\plain\li0\sl-240\f0\fs24\cf0\chcbpat1\b0\i0\ul0\strike0 Best method for calculating the cost of equity\par\pard\plain\sl-211\par\pard\plain\li0\sl-240\f0\fs24\cf0\chcbpat1\b0\i0\ul0\strike0 What mistake Joana Cohen make in her analysis? If there is a mistakes\par\pard\plain\sl-213\par\pard\plain\li0\sl-240\f0\fs24\cf0\b0\i0\ul0\strike0 Should\f0\fs24\cf0\b0\i0\ul0\strike0 Kimi\f0\fs24\cf0\b0\i0\ul0\strike0 Ford\f0\fs24\cf0\b0\i0\ul0\strike0 buy\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 NIKE\f

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sl-280\f0\fs28\cf0\b\i0\ul0\strike0 SYNDICATE\f0\fs28\cf0\b\i0\ul0\strike0 1\f0\fs28\cf0\b\i0\ul0\strike0 \u8211?\f0\fs28\cf0\b\i0\ul0\strike0 YP\f0\fs28\cf0\b\i0\ul0\strike0 53B\par\pard\plain\li6954\sl-292\f0\fs24\cf0\b\i0\ul0\strike0 LAILA\f0\fs24\cf0\b\i0\ul0\strike0 NURFITRAH\f0\fs24\cf0\b\i0\ul0\strike0 LUBIS\f0\fs24\cf0\b\i0\ul0\strike0 -29115043\par\pard\plain\li6351\sl-293\f0\fs24\cf0\b\i0\ul0\strike0 ADHITYA\f0\fs24\cf0\b\i0\ul0\strike0 ILHAM\f0\fs24\cf0\b\i0\ul0\strike0 NUSANTARA\f0\fs24\cf0\b\i0\ul0\strike0 -\f0\fs24\cf0\b\i0\ul0\strike0 29115085\par\pard\plain\li5648\sl-295\f0\fs24\cf0\b\i0\ul0\strike0 DITA\f0\fs24\cf0\b\i0\ul0\strike0 RUSDANIASTUTI\f0\fs24\cf0\b\i0\ul0\strike0 PARMASHARY\f0\fs24\cf0\b\i0\ul0\strike0 -\f0\fs24\cf0\b\i0\ul0\strike0 29115122\par\pard\plain\li7225\sl-292\f0\fs24\cf0\b\i0\ul0\strike0 REINALD\f0\fs24\cf0\b\i0\ul0\strike0 NATHANIEL\f0\fs24\cf0\b\i0\ul0\strike0 -\f0\fs24\cf0\b\i0\ul0\strike0 29115153\par\pard\plain\sl-321\par\pard\plain\li1440\sl-240\f0\fs24\cf0\b\i0\ul0\strike0 Analysis\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b\i0\ul0\strike0 a)\f0\fs24\cf0\b\i0\ul0\strike0 :\f0\fs24\cf0\b\i0\ul0\strike0 Using\f0\fs24\cf0\b\i0\ul0\strike0 WACC\f0\fs24\cf0\b\i0\ul0\strike0 Formula\par\pard\plain\li1440\sl-450\f0\fs24\cf0\b\i0\ul0\strike0 WACC\f0\fs24\cf0\b\i0\ul0\strike0 =\f0\fs24\cf0\b\i0\ul0\strike0 (E/V).\f0\fs24\cf0\b\i0\ul0\strike0 K\f0\fs16\cf0\b\i0\ul0\strike0 E\f0\fs24\cf0\b\i0\ul0\strike0 +\f0\fs24\cf0\b\i0\ul0\strike0(D/V).\f0\fs24\cf0\b\i0\ul0\strike0 K\f0\fs16\cf0\b\i0\ul0\strike0 D\f0\fs24\cf0\b\i0\ul0\strike0 .\f0\fs24\cf0\b\i0\ul0\strike0 (1-T)\par\sect\sected\sbknone\cols2\colno1\colw2870\colsr10\colno2\colw9020\pard\plain\li1440\sl-427\f0\fs24\cf0\b0\i0\ul0\strike0 V\par\pard\plain\li1440\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 D\par\pard\plain\li1440\sl-293\f0\fs24\cf0\b0\i0\ul0\strike0 E\par\pard\plain

\li1440\sl-304\f0\fs24\cf0\b0\i0\ul0\strike0 K\f0\fs16\cf0\b0\i0\ul0\strike0 D\par\pard\plain\li1440\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 K\f0\fs16\cf0\b0\i0\ul0\strike0 E\par\pard\plain\li1440\sl-281\f0\fs24\cf0\b0\i0\ul0\strike0 T\par\pard\plain\li0\sl-427\column\f0\fs24\cf0\b0\i0\ul0\strike0 =\f0\fs24\cf0\b0\i0\ul0\strike0 D\f0\fs24\cf0\b0\i0\ul0\strike0 +\f0\fs24\cf0\b0\i0\ul0\strike0 E\f0\fs24\cf0\b0\i0\ul0\strike0 =\f0\fs24\cf0\b0\i0\ul0\strike0 Total\f0\fs24\cf0\b0\i0\ul0\strike0 Capital\par\pard\plain\li0\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Amount\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 Debt\par\pard\plain\li0\sl-293\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Equity\par\pard\plain\li0\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Cost\f0\fs24\cf0\b0\i0\ul0\strike0 of\f0\fs24\cf0\b0\i0\ul0\strike0 Debt\par\pard\plain\li0\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Equity\par\pard\pla

in\li0\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Tax\f0\fs24\cf0\b0\i0\ul0\strike0 rate\par\sect\sected\sbknone\cols1\colno1\colw11900\pard\plain\li1440\sl-292\f0\fs24\cf0\b0\i0\ul0\strike0 According\f0\fs24\cf0\b0\i0\ul0\strike0 to\f0\fs24\cf0\b0\i0\ul0\strike0 the\f0\fs24\cf0\b0\i0\ul0\strike0 case\f0\fs24\cf0\b0\i0\ul0\strike0 study\f0\fs24\cf0\b0\i0\ul0\strike0 :\par\sect\sected\sbknone\cols2\colno1\colw4310\colsr10\colno2\colw7580\pard\plain\li1440\sl-439\f0\fs24\cf0\b\i0\ul0\strike0 Market\f0\fs24\cf0\b\i0\ul0\strike0 Value\f0\fs24\cf0\b\i0\ul0\strike0 of\f0\fs24\cf0\b\i0\ul0\strike0 Equity\par\pard\plain\li0\sl-439\column\f0\fs24\cf0\b\i0\ul0\strike0 =\f0\fs24\cf0\b\i0\ul0\strike0 Current\f0\fs24\cf0\b\i0\ul0\strike0 Share\f0\fs24\cf0\b\i0\ul0\strike0 Price\f0\fs24\cf0\b\i0\ul0\strike0 x\f0\fs24\cf0\b\i0\ul0\strike0 Average\f0\fs24\cf0\b\i0\ul0\strike0 Shares\f0\fs24\cf0\b\i0\ul0\strike0 Outstanding\par\pard\plain\sl-201\par\pard\plain\li0\sl-240\f0\fs24\cf0\b0\i0\ul0\strike

0 =\f0\fs24\cf0\b0\i0\ul0\strike0 $42.09\f0\fs24\cf0\b0\i0\ul0\strike0 x\f0\fs24\cf0\b0\i0\ul0\strike0 273.3\f0\fs24\cf0\b0\i0\ul0\strike0 million\par\pard\plain\li0\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 =\f0\fs24\cf0\b0\i0\ul0\strike0$11,503\f0\fs24\cf0\b0\i0\ul0\strike0 million\par\sect\sected\sbknone\cols2\colno1\colw2870\colsr10\colno2\colw9020\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 Equity\f0\fs24\cf0\b0\i0\ul0\strike0 (E)\par\pard\plain\li1440\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 Debt\f0\fs24\cf0\b0\i0\ul0\strike0 (D)\par\pard\plain\li0\sl-439\column\f0\fs24\cf0\b0\i0\ul0\strike0 =\f0\fs24\cf0\b\i0\ul0\strike0 $11,503\f0\fs24\cf0\b\i0\ul0\strike0 million\par\pard\plain\li0\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 =\f0\fs24\cf0\b0\i0\ul0\strike0 Current\f0\fs24\c

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0\b0\i0\ul0\strike0 2001\f0\fs24\cf0\b0\i0\ul0\strike0 is\f0\fs24\cf0\b\i0\ul0\strike0 0.69\f0\fs24\cf0\b0\i0\ul0\strike0 ).\par\pard\plain\li0\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 risk\f0\fs24\cf0\b0\i0\ul0\strike0 free\f0\fs24\cf0\b0\i0\ul0\strike0 rate\f0\fs24\cf0\b0\i0\ul0\strike0 (5.74%)\f0\fs24\cf0\b0\i0\ul0\strike0 current\f0\fs24\cf0\b0\i0\ul0\strike0 yield\f0\fs24\cf0\b0\i0\ul0\strike0 US\f0\fs24\cf0\b0\i0\ul0\strike0 treasury\f0\fs24\cf0\b0\i0\ul0\strike0 20-year\par\pard\plain\li0\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Risk\f0\fs24\cf0\b0\i0\ul0\strike0 market\f0\fs24\cf0\b0\i0\ul0\strike0 premium\f0\fs24\cf0\b0\i0\ul0\strike0 (5.9%)\f0\fs24\cf0\b0\i0\ul0\strike0 geometric\par\pard\plain\li0\sl-439\f0\fs24\cf0\b0\i0\ul0\strike0 :\f0\fs24\cf0\b0\i0\ul0\strike0 Return\f0\fs24\cf0\b0\i0\ul0\strike0 on\f0\fs24\cf0\b0\i0\ul0\strike0 market.{\shp{\*\shpinst\shpleft1412\shptop2931\shpright10497\shpbottom3370\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz36\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}

{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop3370\shpright10497\shpbottom3809

\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz39\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}

{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}

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{\shp{\*\shpinst\shpleft1412\shptop3809\shpright10497\shpbottom4102\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz59\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 293}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,293);(9085,293);(9085,0);(0,0);(0,293)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}

{\shp{\*\shpinst\shpleft1412\shptop4102\shpright10497\shpbottom4395\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz65\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 293}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,293);(9085,293);(9085,0);(0,0);(0,293)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;2457

7;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop4395\shpright10497\shpbottom4688\shpfhdr0\shpbxpage\shpbypage

\shpwr3\shpwrk0\shpfblwtxt1\shpz73\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 293}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,293);(9085,293);(9085,0);(0,0);(0,293)}}

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{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop4688\shpright10497\shpbottom4981\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz81\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 293}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,293);(9085,293);(9085,0);(0,0);(0,293)}}




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{\shp{\*\shpinst\shpleft1412\shptop7326\shpright10497\shpbottom7765\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz115\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,440);(9085,440);(9085,0);(0,0);(0,440)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}

{\shp{\*\shpinst\shpleft1412\shptop7765\shpright10497\shpbottom8205\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz122\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 440}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;2457

7;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft2132\shptop8205\shpright10497\shpbottom8644\shpfhdr0\shpbxpage\shpbypage

\shpwr3\shpwrk0\shpfblwtxt1\shpz132\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 8365}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(8365,439);(8365,0);(0,0);(0,439)}}

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{\shp{\*\shpinst\shpleft2160\shptop9408\shpright2784\shpbottom9408\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz144\shplid20745{\sp{\sn shapeType}{\sv 20}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn fFillOK}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}{\sp{\sn lineWidth}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft3149\shptop9408\shpright5487\shpbottom9408\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz165\shplid20745{\sp{\sn shapeType}{\sv 20}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn shapePath}{\sv 4}}

{\sp{\sn fFillOK}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}{\sp{\sn lineWidth}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft2314\shptop10291\shpright2938\shpbottom10291\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz191\shplid20745

{\sp{\sn shapeType}{\sv 20}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn fFillOK}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn lineColor}{\sv 0}}{\sp{\sn lineWidth}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}

}}{\shp{\*\shpinst\shpleft3303\shptop10291\shpright5641\shpbottom10291\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz214\shplid20745{\sp{\sn shapeType}{\sv 20}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn fFillOK}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}

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{\sp{\sn lineColor}{\sv 0}}{\sp{\sn lineWidth}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop12904\shpright10497\shpbottom13344\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz245\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 440}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}

{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop13344\shpright10497\shpbottom13786\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz251\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}

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{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop13786\shpright10497\shpbottom14225\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz253\shplid11525{\sp{\sn shapeType}{\sv 0}}

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{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop14225\shpright10497\shpbottom14664\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz266\shplid11525{\sp{\sn shapeType}{\sv 0}}

{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}{\sp{\sn fillColor}{\sv 16777215}}

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{\sp{\sn fillColor}{\sv 16777215}}{\sp{\sn lineWidth}{\sv 12700}}{\sp{\sn fLine}{\sv 0}}{\sp{\sn lineDashing}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fBehindDocument}{\sv 1}}}}{\shp{\*\shpinst\shpleft1412\shptop15103\shpright10497\shpbottom15542\shpfhdr0\shpbxpage\shpbypage\shpwr3\shpwrk0\shpfblwtxt1\shpz291\shplid11525{\sp{\sn shapeType}{\sv 0}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}{\sp{\sn geoRight}{\sv 9085}}{\sp{\sn geoBottom}{\sv 439}}{\sp{\sn posrelh}{\sv 1}}{\sp{\sn posrelv}{\sv 1}}{\sp{\sn shapePath}{\sv 4}}{\sp{\sn pVerticies}{\sv 8;5;(0,439);(9085,439);(9085,0);(0,0);(0,439)}}{\sp{\sn pSegmentInfo}{\sv 2;12;16384;45824;1;45824;1;45824;1;45824;1;45824;24577;32768}}{\sp{\sn fFillOK}{\sv 1}}{\sp{\sn fFilled}{\sv 1}}

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Documents

FM_53B_S1_C4