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  "documentTitle": "Evercore | Investment Banking Pitch Book | 54 slides",
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  "notes": "Includes detailed assumptions for expense growth and WACC-based terminal value calculation.",
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      "text": "Assumes mid-point of 3-5% YoY growth rate on total corporate expenses starting 2021 and 0% YoY growth rate on stock based compensation starting 2022 per GLIB management guidance",
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      "text": "Source: GLIB Management. 1. 27% Tax rate based on GLIB management guidance... 2. Assumes 6.75% WACC and 2.7% weighted average perpetuity growth rate...",
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