A) Estimation of probability the WACC of the company

Expert’s estimation Optimistic is 0.1226; Most Probable is 0.1338, and Pessimistic is 0.1499

B) Estimation of probability of discount rate which base on MIBOR as risk-free rate in RADR method.

Expert’s estimation Optimistic is 25.275; Most Probable is 25.9880, and Pessimistic is 26.4999

C) Estimation of probability of discount rate which base on WACC as risk-free rate in

RADR method.

Expert’s estimation Optimistic is 23.5171; Most Probable is 24.4988, and Pessimistic is 24.4988

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[6] Edited by Andy Neely, “business Performance Measurement Unifying Theories and Integrating Practice” Second Edition, Cambridge University Press 2007, pp.14.

[7] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of Technology, Franklin Allen, University of Pennsylvania, “Corporate Finance” Eighth Edition, McGraw-Hill Irwin 2006, pp.310-318.

[8] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of technology, Franklin Allen, University of Pennsylvania, “Corporate Finance”, Eighth Edition, McGraw-Hill Irwin 2006, pp.121.

[9] www.natur-produkt.ru.

[10] Michael E. Porter,” Competitive advantage”, 1985, Introduction 1998, The Free Press.

[11] Peter S. Pande, Robert P. Neuman, Roland R. Cavanagh, “The six sigma way”, McGraw-Hill, NY

[12] www.econ.yale.edu/~shiller

[13] George H. Hempel, Southern Methodist University, Donald G. Simonson, University of New Mexico, “Bank Management Text and Cases” Fifth Edition 1999, John Wiley&Sons, Inc.,pp.393,430,456,459.

[14] Richard A. Brealey, Stewart C. Myers, Franklin Allen, “Corporate Finance”, Eighth Edition, McGraw-Hill International Edition, pp .88.

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[18] See the Appendix 1-7 Simulation Model and Scenario Analysis calculations.

[19] James C. Van Horne, Stanford University, John M. Vachowicz. Jr., The University of Tennessee, “Fundamentals of Financial Management” Eleventh edition 2001, Prentice Hall, Inc., pp.552.

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[21] Richard A. Brealey, London Business School, Stewart C. Myers, Massachusetts Institute of Technology, Franklin Allaen, University of Pennsylvania , “ Corporate Finance” Eighth Edition, McGraw-Hill Irwin 2006, pp.228.

[22] www.prim-tass.ru/currency/rates_interest_history, www.cbr.ru, www.nva.ru/nva/indicators

[23] www.glodalfindata.com