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  "documentTitle": "Moelis & Company | Investment Banking Pitch Book | 44 slides",
  "authorId": "moelis-company",
  "authorName": "Moelis & Company",
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  "sourceTypeSlug": "investment_bank",
  "sourceTypeLabel": "Investment bank",
  "presentationDate": "2016-07-01 00:00:00",
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  "pageNumber": 37,
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  "slideType": "sensitivity_analysis",
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  "nDataPoints": 48,
  "notes": "Includes Moelis & Company branding and standard financial disclaimer footnotes.",
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      "kind": "disclaimer",
      "text": "Note: Moelis does not offer tax or accounting advice. 1. Approved Napa Share Count... 2. Combines Orlando's incremental... 3. Calculated based on Approved Napa Share Count",
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      "kind": "paragraph",
      "text": "The illustrative analysis below represents a range of potential values for Napa's federal NOLs within a potential pro forma combination with Orlando. The below calculation is illustrative and does not incorporate numerous complexities in calculating Section 382 limitations.",
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      "text": "Source: Napa Management, U.S. IRS, Capital IQ",
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      "text": "NOL Schedule and Pro Forma EBT projections from H2 2017E to 2021E.",
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      "text": "Sensitivity analysis of NOL value and per share impact based on varying discount rates.",
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      "text": "Illustrative NOL Benefit Summary",
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