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  "notes": "Includes sensitivity tables for WACC vs. Terminal LTM EBITDA Multiple.",
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      "text": "Notes: Financial results for a stated year represent financials for the 12 month period ending January 31 of the following year. Mid-year convention is applied. Stock based compensation expense is not added back for unlevered free cash flows in order to capture the value of management compensation. (1) Based on change in Other Current Assets, Deferred Rent and Deferred Tax Liabilities. Assumed to be zero for the perpetuity growth rate analysis",
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