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  "documentTitle": "Duff & Phelps | Investment Banking Pitch Book | 26 slides",
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  "notes": "Includes terminal year projections and specific notes on tax and balance sheet data.",
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      "text": "Note: Balance sheet data as of June 30, 2015. Financial performance metrics presented are adjusted to exclude public company costs, non-recurring income (expenses) and business held for sale.",
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      "text": "(1) Prior to application of a 10% dividend withholding tax, which is calculated based on levered cash flows and discounted separately at the cost of equity derived in the WACC calculation and included in the concluded enterprise value range.",
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