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  "documentTitle": "Time Warner Inc. (TWX)",
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  "notes": "Contains two distinct tables (Exhibit 4.58 and 4.59) showing WACC sensitivity to capital structure and cost of debt.",
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      "text": "WACC: 8.9%",
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      "text": "The DCF analysis included a review of the cost of capital of a number of companies in businesses similar to that of Filmed Entertainment...",
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      "text": "Information Source: Company filings and public sources.",
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      "text": "(a) Barra Beta as of December 2005. (b) Unlevered Beta = Levered Beta / [1 + (1 - Tax Rate)(Debt / Equity)]. (c) Net Debt includes interest bearing short term and long term debt less cash and cash equivalents.",
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      "text": "C. Discounted Cash Flow Analysis",
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