Our teacher has not responded to my questions yet but I didn't want to hold up
your work.  Here is my spreadsheet analysis.  You will see a section shaded in
gray.  This is the pro forma cash flow for the next fiscal year.  I have an
e-mail in to Tasker to validate some of my assumptions so that you don't base
our strategy on erroneous information.



**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA  94104
(415) 733-4487 ph.
(415) 733-4190 fax
 - HD.xls