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Computation of Residual Value as Percentage of List Price (LP)
Early Termination Date I II III IV V VI
Type/Model 8 Years % of LP
Category % of LP % of LP % of LP % of LP % of LP Retail/Wholesale
9021/720/E 5/27/96 6.67% 8% 7% 7.96% 1.81% 2.0/1.8% (4/96)
9021/740/F 5/27/96 12.67 14 13 14.83 5.35 6.1/5.5 (4/96)
9021/820/G 5/27/96 12.67 14 13 13.70 4.81 5.5/4.9 (4/96)
9021/860/H 5/27/96 12.67 14 13 14.12 4.81 5.5/5.0 (4/96)
9021/900/I 5/27/96 12.67 14 13 13.63 4.77 5.4/4.9 (4/96)
9121/260/A 9/27/96 20.66 20 20 13.44 5.27 5.2/4.7 (10/96)
9121/320/B 10/27/96 19.75 21 20 11.87 4.26 4.7/4.2 (10/96)
9121/440/C 10/27/96 19.75 20 20 15.14 4.09 4.5/4.0 (10/96)
9121/480/D 10/27/96 19.75 19 20 13.78 4.29 4.7/4.2 (10/96)
Value $44,275,948 $48,442,600 $45,334,670 $44,702,292 $16,238,905
End of Lease Term I II III IV V VI
Type/Model RV as RV as RV as RV as
Category % of LP % of LP % of LP % of LP % of LP Retail/Wholesale
9021/720/E 2/27/97 3.75% 5-6% 4% 4.84% 1.01% 1.2/1.1% (1/97)
9021/740/F 2/27/97 7.50 10 8 10.95 2.11 2.4/2.2 (1/97)
9021/820/G 2/27/97 7.50 10 8 9.93 1.85 2.2/1.9 (1/97)
9021/860/H 2/27/97 7.50 10 8 10.50 2.04 2.3/2.0 (1/97)
9021/900/I 2/27/97 7.50 10 8 9.88 1.94 2.2/2.0 (1/97)
9121/260/A 7/27/97 11.00 14 10 8.54 1.37 1.6/1.5 (7/97)
9121/320/B 8/27/97 10.00 14 10 7.70 1.10 1.6/1.4 (7/97)
9121/440/C 8/27/97 10.00 13-14 10 9.08 1.10 1.6/1.4 (7/97)
9121/480/D 8/27/97 10.00 13 10 8.27 1.10 1.6/1.5 (7/97)
Value $25,418,962 $34,257,000 $26,769,965 $31,607,012 $6,341,682
I. M&S appraisal
II. MAC appraisal
III. ARI appraisal
IV. Mr. Page’s appraisal using 8-year useful life.
V. DMC Consulting Group (Mr. Daley’s Expert Report)
VI. DMC Residual Value Reports (Third Quarter 1993)
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