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  "documentTitle": "Goldman Sachs | Investment Banking Pitch Book | 25 slides",
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  "notes": "Includes a WACC calculation for a buyer with 100% equity capital structure and a sensitivity matrix.",
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      "text": "Source: Arkose Management, GP public filings, Axioma Historical Betas, Ibbotson and Bloomberg market data as of 04-Apr-2018. Note: GP Beta calculated based on median of GP peers' historical betas due to limited trading history.",
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      "text": "Illustrative Weighted Average Cost of Capital Analysis",
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