Round: 8

Dec. 31, C101711

2026
Andrews Baldwin Chester
Neeraj Ghatge shagun sidana Amit Birla
Sambhav Goel Saurabh Chandra
Pratity Ray Mrunmayi Deshpande
Resham Sahni Aniket Deshpande
Aanal Shah Kalyani Dharmadhika
NIHIT SHARMA Amit Jha

Digby Erie Ferris

Tanushree Singhal Sparsh Wadhwa Arunabha Banerjee
Neeraj Agrawal Bhavesh Mehta Varshil Nandu
Vaibhav Arora Madhura Mestry Udaykiran Raviteja
Subhojit Das Pratik More Nikhil Singh
Abhishek Iyengar Snehalata Mundra Dharmik Soni
Prachi Lakhotia Tanay Purnesh Himanshi Taneja

Selected Financial Statistics

Andrews Baldwin Chester Digby Erie Ferris
ROS -82.4% 6.1% 9.9% 12.1% 9.3% -5.9%
Asset Turnover 0.85 1.18 1.23 1.20 1.41 1.31
ROA -70.5% 7.2% 12.2% 14.5% 13.1% -7.8%
Leverage -0.3 2.1 1.7 1.9 1.9 -5.2
ROE -19.0% 15.5% 21.1% 27.5% 25.1% -40.3%
Emergency Loan $283,319,410 $0 $0 $0 $13,640,773 $25,064,084
Sales $66,536,903 $206,764,793 $209,782,534 $203,964,652 $231,510,035 $91,946,781
EBIT ($15,479,073) $31,518,512 $40,645,362 $48,493,289 $44,240,791 $4,506,612
Profits ($54,849,317) $12,710,138 $20,852,541 $24,669,665 $21,542,518 ($5,448,590)
Cumulative Profit ($339,625,330) $17,224,365 $59,816,947 $39,837,480 $32,775,567 ($62,257,238)
SG&A / Sales 14.9% 12.4% 17.4% 14.5% 16.0% 30.3%
Contrib. Margin % 39.0% 36.6% 43.6% 42.7% 31.7% 37.3%

CAPSTONE ® COURIER Page 1

 Round: 8
Stock & Bonds C101711 Dec. 31, 2026
Stock Market Summary
MarketCap
Company Close Change Shares Book Value EPS Dividend Yield P/E
($M)
Andrews $1.00 $0.00 5,607,232 $6 ($51.47) ($9.78) $0.00 0.0% -0.1
Baldwin $32.57 $8.39 4,404,642 $143 $18.57 $2.89 $1.35 4.2% 11.3
Chester $103.08 $19.34 2,044,870 $211 $48.23 $10.20 $2.00 1.9% 10.1
Digby $77.36 $26.52 2,817,872 $218 $31.79 $8.75 $0.00 0.0% 8.8
Erie $48.20 $34.15 2,604,646 $126 $32.96 $8.27 $0.00 0.0% 5.8
Ferris $1.00 $0.00 2,863,634 $3 ($4.72) ($1.90) $0.00 0.0% -0.5

Bond Market Summary

Company Series# Face Yield Close$ S&P Company Series# Face Yield Close$ S&P
Andrews Digby
12.9S2030 $20,000,000 14.7% 88.00 DDD 13.3S2030 $23,177,292 14.0% 95.15 B
14.1S2031 $500,000 15.7% 89.83 DDD 13.9S2031 $10,000,000 14.4% 96.31 B
16.3S2035 $60,000,000 17.1% 95.59 DDD 12.9S2033 $14,900,000 14.1% 91.26 B
Baldwin 14.6S2034 $22,000,000 14.9% 98.20 B
13.8S2032 $9,565,448 14.8% 93.30 CCC Erie
12.9S2033 $22,234,667 14.5% 88.97 CCC 14.2S2032 $21,079,069 14.6% 96.97 B
14.5S2034 $16,451,484 15.2% 95.16 CCC 15.5S2035 $30,000,000 15.1% 102.39 B
Chester Ferris
11.3S2029 $8,449,561 12.2% 92.85 BB 12.9S2030 $23,570,000 14.7% 88.00 DDD
12.4S2030 $25,000,000 13.2% 94.22 BB 13.6S2031 $1,456,000 15.4% 88.24 DDD
13.7S2031 $13,500,000 14.0% 97.62 BB 14.3S2032 $12,251,000 16.0% 89.32 DDD
12.7S2033 $15,000,000 13.7% 92.80 BB 14.7S2034 $200,000 16.5% 89.16 DDD
16.3S2035 $17,627,000 17.1% 95.59 DDD

Next Year's Prime Rate11.00%

CAPSTONE ® COURIER Page 2
 Round: 8
Financial Summary C101711 Dec. 31, 2026
Cash Flow Statement Survey Andrews Baldwin Chester Digby Erie Ferris
CashFlows from operating activities
Net Income(Loss) ($54,849) $12,710 $20,853 $24,670 $21,543 ($5,449)
Adjustment for non-cash items:
Depreciation $7,920 $14,714 $14,325 $10,880 $10,731 $8,103
Extraordinary gains/losses/writeoffs $23,612 ($1,925) $0 ($1,973) ($19,363) ($6,133)
Changes in current assets and liablilities
Accounts payable $2,603 $2,558 $1,405 $2,081 $4,227 $397
Inventory $67,167 ($4,990) ($44) ($7,771) ($10,965) $19,175
Accounts Receivable $161 ($1,521) ($1,232) ($821) ($15,858) $2,053
Net cash from operations $46,615 $21,547 $35,306 $27,066 ($9,687) $18,148

Cash flows from investing activities

Plant improvements(net) ($4,381) $0 ($9,900) $2,470 $64,922 $15,648
Cash flows from financing activities
Dividends paid $0 ($5,958) ($4,090) $0 $0 $0
Sales of common stock $900 $0 $0 $0 $0 $0
Purchase of common stock $0 $0 $0 $0 ($1,000) $0
Cash from long term debt issued $0 $0 $0 $0 $0 $0
Early retirement of long term debt $0 ($21,767) $0 ($10,000) ($50,000) $0
Retirement of current debt ($326,453) ($34,040) $0 $0 ($17,876) ($58,860)
Cash from current debt borrowing $0 $34,239 $0 $0 $0 $0
Cash from emergency loan $283,319 $0 $0 $0 $13,641 $25,064

Net cash from financing activities ($42,233) ($27,526) ($4,090) ($10,000) ($55,235) ($33,796)

Net change in cash position $0 ($5,980) $21,317 $19,536 $0 $0

Balance Sheet Survey Andrews Baldwin Chester Digby Erie Ferris
Cash $0 $49,262 $49,150 $54,783 $0 $0
Accounts Receivable $5,469 $16,994 $17,242 $16,764 $38,056 $4,534
Inventory $25,032 $12,411 $7,422 $19,144 $39,972 $13,005
Total Current Assets $30,500 $78,667 $73,814 $90,692 $78,028 $17,540

Plant and equipment $118,800 $220,709 $214,880 $163,200 $160,960 $121,552

Accumulated Depreciation ($71,467) ($124,057) ($118,465) ($84,167) ($74,914) ($68,912)
Total Fixed Assets $47,333 $96,652 $96,415 $79,033 $86,046 $52,640

Total Assets $77,833 $175,320 $170,229 $169,724 $164,075 $70,180

Accounts Payable $2,603 $11,056 $9,651 $10,056 $13,502 $3,538

Current Debt $283,319 $34,239 $0 $0 $13,641 $25,064
Long Term Debt $80,500 $48,252 $61,950 $70,077 $51,079 $55,104
Total Liabilities $366,422 $93,547 $71,601 $80,133 $78,222 $83,707

Common Stock $25,643 $48,578 $19,860 $24,360 $30,880 $23,337

Retained Earnings ($314,232) $33,195 $78,769 $65,231 $54,974 ($36,864)
Total Equity ($288,589) $81,773 $98,629 $89,591 $85,853 ($13,527)

Total Liabilities & Owners Equity $77,833 $175,320 $170,229 $169,724 $164,075 $70,180

Income Statement Survey Andrews Baldwin Chester Digby Erie Ferris

Sales $66,537 $206,765 $209,783 $203,965 $231,510 $91,947
Variable Costs(Labor,Material,Carry) $40,557 $131,019 $118,266 $116,875 $158,102 $57,637
Depreciation $7,920 $14,714 $14,325 $10,880 $10,731 $8,103
SGA(R&D,Promo,Sales,Admin) $9,882 $25,712 $36,545 $29,539 $37,035 $27,832
Other(Fees,Writeoffs,TQM,Bonuses) $23,657 $3,802 $0 ($1,823) ($18,598) ($6,133)
EBIT ($15,479) $31,519 $40,645 $48,493 $44,241 $4,507
Interest(Short term,Long term) $68,904 $11,504 $7,809 $9,607 $10,318 $12,889
Taxes ($29,534) $7,005 $11,493 $13,610 $11,873 ($2,934)
Profit Sharing $0 $299 $491 $607 $507 $0
Net Profit ($54,849) $12,710 $20,853 $24,670 $21,543 ($5,449)

CAPSTONE ® COURIER Page 3

 Round: 8
Production Analysis C101711 Dec. 31, 2026

2nd
Shift Auto
Unit & mation Capacity
Primary Units Inven Revision Age Pfmn Size Material Labor Contr. Over- Next Next Plant
Name Segment Sold tory Date Dec.31 MTBF Coord Coord Price
Cost
Cost Marg. time Round Round Utiliz.
Able Low 1,881 0 2/28/2026 3.1 17000 8.5 11.5 $16.50 $7.37 $1.88 43% 90% 10.0 1,000 188%
Acre Low 1,782 0 4/30/2025 4.1 15500 4.2 15.8 $14.00 $4.52 $1.69 55% 28% 10.0 1,400 127%
Adam Trad 227 1,216 2/27/2027 5.5 25000 9.5 10.7 $21.00 $10.07 $3.07 -39% 0% 9.0 100 99%
A_Bid Trad 257 193 1/6/2027 5.3 25000 10.0 10.1 $22.50 $10.38 $3.07 15% 0% 9.0 100 99%

Baker Low 1,782 0 9/19/2025 4.7 14000 6.0 14.0 $18.50 $5.25 $5.45 41% 50% 8.0 1,200 149%
Bead Low 2,178 0 11/14/2025 4.9 14000 5.5 14.5 $18.50 $4.96 $5.51 43% 57% 8.0 1,400 156%
Bid Trad 1,153 133 7/17/2026 1.9 17000 10.4 9.8 $26.00 $8.58 $8.58 33% 25% 6.0 1,000 124%
Bold Trad 1,065 161 7/17/2026 1.9 17000 11.0 10.2 $26.00 $8.65 $8.45 33% 20% 6.0 1,000 119%
Buddy Trad 1,077 135 7/17/2026 1.9 17000 9.8 9.2 $26.00 $8.59 $8.50 34% 22% 6.0 944 121%
Brass High 715 104 7/23/2026 1.4 24900 16.3 3.6 $36.00 $14.30 $8.61 36% 0% 5.5 700 99%
Brat High 613 115 6/29/2026 1.4 25000 16.6 3.6 $36.00 $14.41 $9.56 32% 30% 5.5 500 129%

Cake Trad 1,741 16 7/24/2026 1.4 18000 10.6 9.4 $20.00 $8.56 $4.41 35% 19% 8.0 1,150 118%
Cedar Low 2,673 0 11/27/2025 2.8 15500 5.5 14.2 $15.00 $5.18 $1.69 53% 100% 10.0 1,400 198%
Cid High 752 96 8/18/2026 1.4 25000 16.1 3.9 $36.50 $13.43 $9.92 35% 78% 5.0 480 176%
Coat Pfmn 808 0 7/14/2026 1.5 27000 17.4 10.4 $31.50 $12.94 $8.47 32% 100% 6.0 450 198%
Cure Size 1,015 245 6/24/2026 1.4 21000 9.6 2.6 $31.50 $11.36 $8.33 36% 85% 6.0 700 183%
Curry Pfmn 463 0 11/21/2026 1.1 27000 14.7 10.9 $31.50 $11.91 $1.51 58% 29% 10.0 350 127%
Cero High 535 12 11/17/2026 1.0 25000 14.9 5.1 $36.00 $12.77 $1.52 61% 31% 10.0 400 130%
CTrad Trad 807 0 3/4/2025 1.8 17000 9.9 10.1 $20.00 $7.91 $1.66 51% 81% 10.0 550 179%

Daze Trad 1,204 480 8/23/2026 1.3 19000 10.1 10.0 $23.00 $8.52 $4.70 41% 75% 8.0 800 173%
Dell Low 2,376 0 11/23/2024 5.2 17000 4.1 15.8 $15.00 $4.75 $1.61 57% 100% 10.0 1,200 198%
Dixie High 198 0 4/17/2026 1.4 25000 15.2 5.0 $36.50 $12.89 $8.06 42% 100% 6.0 100 198%
Dot Pfmn 709 0 9/23/2026 1.3 27000 17.4 10.4 $31.00 $12.95 $8.06 33% 100% 6.0 350 198%
Dune Size 835 88 7/19/2026 1.4 21000 9.6 2.6 $32.00 $11.36 $8.06 39% 100% 6.0 450 198%
Disco Pfmn 978 147 7/19/2026 1.4 27000 17.4 10.4 $31.00 $12.95 $8.06 32% 100% 6.0 500 198%
Divine Size 779 14 9/21/2026 1.2 21000 9.6 2.6 $32.00 $11.36 $4.84 50% 100% 8.0 400 198%
Damper High 808 411 9/27/2026 1.0 25000 16.1 3.9 $36.50 $13.44 $6.20 44% 67% 7.0 600 165%

Eat Trad 2,164 427 9/19/2026 1.3 19000 10.8 9.6 $17.00 $8.82 $3.97 24% 100% 8.5 1,160 198%
Ebb Low 1,005 0 7/8/2026 4.7 17200 4.8 15.3 $11.50 $5.13 $1.59 45% 100% 10.0 260 198%
Echo High 792 0 8/19/2026 1.4 25000 15.5 4.3 $30.00 $13.16 $8.73 27% 100% 5.5 400 198%
Edge Pfmn 792 0 8/6/2026 1.4 27000 17.0 10.8 $28.50 $12.74 $7.15 31% 100% 6.5 400 198%
Egg Size 1,189 249 7/15/2026 1.4 21000 9.6 2.6 $31.00 $11.36 $7.15 39% 100% 6.5 650 198%
Elbuli High 965 631 7/22/2026 1.4 25000 16.1 3.9 $36.00 $13.43 $8.73 34% 100% 5.5 550 198%
Eon Pfmn 1,133 611 8/6/2026 1.4 27000 17.4 10.4 $30.00 $12.94 $7.15 29% 100% 6.5 725 198%
ETA Size 1,116 208 5/30/2026 1.3 21000 9.7 2.6 $28.00 $11.37 $7.15 32% 100% 6.5 600 198%

Fast Trad 1,346 105 8/3/2026 1.5 14000 9.8 9.7 $19.00 $7.22 $4.65 36% 38% 7.9 800 135%
Feat Low 1,575 0 8/15/2026 1.4 12500 4.8 14.5 $13.00 $4.14 $2.87 46% 78% 9.4 900 175%
Fist High 467 0 6/27/2026 1.4 20500 14.8 4.2 $29.00 $11.84 $8.61 24% 0% 4.1 350 28%
Foam Pfmn 384 50 7/29/2026 1.4 22500 16.0 10.4 $25.00 $11.29 $6.11 21% 0% 6.1 250 59%
Fume Size 131 559 6/8/2027 3.1 16000 10.5 5.6 $25.00 $0.00 $0.00 -17% 0% 6.1 280 0%
Fcuk Low 1,083 0 7/20/2026 1.4 12500 5.0 14.5 $18.00 $4.18 $3.51 57% 57% 8.6 700 155%

CAPSTONE ® COURIER Page 4

Traditional Segment Analysis C101711 Round: 8
Dec. 31, 2026

Traditional Statistics
Total Industry Unit Demand 11,649
Actual Industry Unit Sales |11,649
Segment % of Total Industry |26.5%

Next Year's Segment Growth Rate |9.2%

Traditional Customer Buying Criteria
Expectations Importance
1. Age Ideal Age = 2.0 47%
2. Price $16.00 - 26.00 23%
3. Ideal Position Pfmn 10.6 Size 9.4 21%
4. Reliability MTBF 14000-19000 9%

Top Products in Traditional Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Eat 19% 2,164 9/19/2026 10.8 9.6 $17.00 19000 1.27 $2,400 96% $1,060 100% 86
Cake 15% 1,741 7/24/2026 10.6 9.4 $20.00 18000 1.44 $2,000 90% $2,005 100% 76
Fast 12% 1,346 8/3/2026 9.8 9.7 $19.00 14000 1.45 $1,500 85% $2,628 100% 57
Daze 10% 1,204 8/23/2026 10.1 10.0 $23.00 19000 1.31 $1,600 79% $904 100% 51
Bid 10% 1,153 7/17/2026 10.4 9.8 $26.00 17000 1.86 $2,200 93% $885 100% 60
Buddy 9% 1,077 7/17/2026 9.8 9.2 $26.00 17000 1.87 $2,200 93% $885 100% 56
Bold 9% 1,065 7/17/2026 11.0 10.2 $26.00 17000 1.87 $2,200 93% $885 100% 55
CTrad 7% 807 3/4/2025 YES 9.9 10.1 $20.00 17000 1.83 $2,700 68% $1,697 100% 67
Able 5% 600 2/28/2026 YES 8.5 11.5 $16.50 17000 3.15 $300 41% $2,025 73% 14
A_Bid 2% 257 1/6/2027 10.0 10.1 $22.50 25000 5.33 $300 34% $225 73% 10
Adam 2% 227 2/27/2027 9.5 10.7 $21.00 25000 5.53 $300 34% $225 73% 8
Fume 0% 7 6/8/2027 10.5 5.6 $25.00 16000 3.08 $1,450 44% $2,336 100% 1

CAPSTONE ® COURIER Page 5

Low End Segment Analysis C101711 Round: 8
Dec. 31, 2026

Low End Statistics

Total Industry Unit Demand 16,186
Actual Industry Unit Sales |15,737
Segment % of Total Industry |36.8%

Next Year's Segment Growth Rate |11.7%

Low End Customer Buying Criteria
Expectations Importance
1. Price $11.00 - 21.00 53%
2. Age Ideal Age = 7.0 24%
3. Ideal Position Pfmn 5.7 Size 14.3 16%
4. Reliability MTBF 12000-17000 7%

Top Products in Low End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Cedar 17% 2,673 11/27/2025 YES 5.5 14.2 $15.00 15500 2.81 $2,000 90% $1,851 100% 43
Dell 15% 2,376 11/23/2024 YES 4.1 15.8 $15.00 17000 5.17 $1,600 80% $904 100% 18
Bead 14% 2,178 11/14/2025 YES 5.5 14.5 $18.50 14000 4.89 $2,200 93% $1,012 95% 30
Baker 11% 1,782 9/19/2025 YES 6.0 14.0 $18.50 14000 4.66 $2,200 93% $1,012 95% 28
Acre 11% 1,782 4/30/2025 YES 4.2 15.8 $14.00 15500 4.11 $300 55% $2,025 100% 16
Feat 10% 1,575 8/15/2026 YES 4.8 14.5 $13.00 12500 1.38 $1,650 87% $2,774 100% 37
Able 8% 1,281 2/28/2026 YES 8.5 11.5 $16.50 17000 3.15 $300 46% $2,025 100% 13
Fcuk 7% 1,083 7/20/2026 YES 5.0 14.5 $18.00 12500 1.42 $1,500 85% $2,336 100% 14
Ebb 6% 1,005 7/8/2026 YES 4.8 15.3 $11.50 17200 4.69 $2,400 96% $1,590 100% 80

CAPSTONE ® COURIER Page 6

High End Segment Analysis C101711 Round: 8
Dec. 31, 2026

High End Statistics

Total Industry Unit Demand 5,846
Actual Industry Unit Sales |5,846
Segment % of Total Industry |13.3%

Next Year's Segment Growth Rate |16.2%

High End Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 16.1 Size 3.9 43%
2. Age Ideal Age = 0.0 29%
3. Reliability MTBF 20000-25000 19%
4. Price $26.00 - 36.00 9%

Top Products in High End Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Elbuli 17% 965 7/22/2026 16.1 3.9 $36.00 25000 1.37 $2,400 96% $1,166 100% 77
Damper 14% 808 9/27/2026 16.1 3.9 $36.50 25000 1.01 $2,300 78% $1,921 100% 68
Echo 14% 792 8/19/2026 YES 15.5 4.3 $30.00 25000 1.35 $2,400 96% $1,272 100% 81
Cid 13% 752 8/18/2026 16.1 3.9 $36.50 25000 1.36 $1,780 90% $1,697 100% 65
Brass 12% 715 7/23/2026 16.3 3.6 $36.00 24900 1.39 $2,000 92% $885 79% 60
Brat 10% 613 6/29/2026 16.6 3.6 $36.00 25000 1.37 $2,000 84% $759 79% 54
Cero 9% 535 11/17/2026 14.9 5.1 $36.00 25000 1.04 $2,100 89% $2,005 100% 54
Fist 8% 467 6/27/2026 YES 14.8 4.2 $29.00 20500 1.41 $1,400 85% $1,898 99% 36
Dixie 3% 198 4/17/2026 YES 15.2 5.0 $36.50 25000 1.43 $750 73% $791 100% 41
Fume 0% 1 6/8/2027 10.5 5.6 $25.00 16000 3.08 $1,450 44% $2,336 99% 0

CAPSTONE ® COURIER Page 7

Performance Segment Analysis C101711 Round: 8
Dec. 31, 2026

Performance Statistics
Total Industry Unit Demand 5,265
Actual Industry Unit Sales |5,265
Segment % of Total Industry |12.0%

Next Year's Segment Growth Rate |19.8%

Performance Customer Buying Criteria
Expectations Importance
1. Reliability MTBF 22000-27000 43%
2. Ideal Position Pfmn 17.4 Size 10.4 29%
3. Price $21.00 - 31.00 19%
4. Age Ideal Age = 1.0 9%

Top Products in Performance Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Eon 22% 1,133 8/6/2026 17.4 10.4 $30.00 27000 1.36 $2,200 96% $1,166 100% 84
Disco 19% 978 7/19/2026 17.4 10.4 $31.00 27000 1.37 $1,650 82% $1,695 100% 72
Coat 15% 808 7/14/2026 YES 17.4 10.4 $31.50 27000 1.45 $1,550 88% $2,005 100% 67
Edge 15% 792 8/6/2026 YES 17.0 10.8 $28.50 27000 1.37 $2,200 96% $1,272 100% 86
Dot 13% 709 9/23/2026 YES 17.4 10.4 $31.00 27000 1.30 $1,400 84% $1,695 100% 73
Curry 9% 463 11/21/2026 YES 14.7 10.9 $31.50 27000 1.08 $1,550 88% $2,005 100% 41
Foam 7% 384 7/29/2026 16.0 10.4 $25.00 22500 1.36 $1,250 86% $2,336 97% 26

CAPSTONE ® COURIER Page 8

Size Segment Analysis C101711 Round: 8
Dec. 31, 2026

Size Statistics
Total Industry Unit Demand 5,056
Actual Industry Unit Sales |5,056
Segment % of Total Industry |11.5%

Next Year's Segment Growth Rate |18.3%

Size Customer Buying Criteria
Expectations Importance
1. Ideal Position Pfmn 9.6 Size 2.6 43%
2. Age Ideal Age = 1.5 29%
3. Reliability MTBF 16000-21000 19%
4. Price $21.00 - 31.00 9%

Top Products in Size Segment

Units Cust. Cust. Dec.
Market Sold to Revision Stock Pfmn Size List Age Promo A
ware- Sales A

ccess-
Cust
Name Share Seg Date Out Coord Coord Price MTBF Dec.31 Budget n
ess Budget ibility
Survey
Egg 24% 1,189 7/15/2026 9.6 2.6 $31.00 21000 1.42 $2,250 95% $1,272 100% 99
ETA 22% 1,116 5/30/2026 9.7 2.6 $28.00 21000 1.32 $2,900 81% $1,802 100% 98
Cure 20% 1,015 6/24/2026 9.6 2.6 $31.50 21000 1.45 $1,950 91% $2,160 100% 85
Dune 17% 835 7/19/2026 9.6 2.6 $32.00 21000 1.40 $1,550 82% $1,695 100% 71
Divine 15% 779 9/21/2026 9.6 2.6 $32.00 21000 1.18 $1,600 74% $1,695 100% 67
Fume 2% 123 6/8/2027 10.5 5.6 $25.00 16000 3.08 $1,450 87% $2,336 98% 6

CAPSTONE ® COURIER Page 9

 Round: 8
Market Share C101711 Dec. 31, 2026

Actual Market Share in Units Potential Market Share in Units

Trad Low High Pfmn Size Total Trad Low High Pfmn Size Total
Industry Unit Sales 11,649 15,737 5,846 5,265 5,056 43,554 Units Demanded 11,649 16,186 5,846 5,265 5,056 44,003
% of Market 26.8% 36.1% 13.4% 12.1% 11.6% 100.0% % of Market 26.5% 36.8% 13.3% 12.0% 11.5% 100.0%

Able 5.1% 8.1% 4.3% Able 5.0% 4.1% 2.9%

Acre 11.3% 4.1% Acre 9.5% 3.5%
Adam 1.9% 0.5% Adam 1.9% 0.5%
A_Bid 2.2% 0.6% A_Bid 2.1% 0.6%
Total 9.3% 19.5% 9.5% Total 9.0% 13.6% 7.4%

Baker 11.3% 4.1% Baker 9.6% 3.5%

Bead 13.8% 5.0% Bead 11.6% 4.3%
Bid 9.9% 2.6% Bid 9.5% 2.5%
Bold 9.1% 2.5% Bold 8.7% 2.3%
Buddy 9.3% 2.5% Buddy 8.8% 2.3%
Brass 12.2% 1.6% Brass 11.0% 1.5%
Brat 10.5% 1.4% Brat 9.4% 1.3%
Total 28.3% 25.2% 22.7% 19.7% Total 27.0% 21.2% 20.4% 17.7%

Cake 14.9% 4.0% Cake 14.3% 3.8%

Cedar 17.0% 6.1% Cedar 16.8% 6.2%
Cid 12.9% 1.7% Cid 11.5% 1.5%
Coat 15.3% 1.9% Coat 15.3% 1.8%
Cure 20.1% 2.3% Cure 20.1% 2.3%
Curry 8.8% 1.1% Curry 8.1% 1.0%
Cero 9.2% 1.2% Cero 8.3% 1.1%
CTrad 6.9% 1.8% CTrad 10.9% 2.9%
Total 21.9% 17.0% 22.0% 24.1% 20.1% 20.2% Total 25.2% 16.8% 19.8% 23.4% 20.1% 20.6%

Daze 10.3% 2.8% Daze 9.9% 2.6%

Dell 15.1% 5.5% Dell 10.9% 4.0%
Dixie 3.4% 0.4% Dixie 10.2% 1.4%
Dot 13.5% 1.6% Dot 15.7% 1.9%
Dune 16.5% 1.9% Dune 16.5% 1.9%
Disco 18.6% 2.2% Disco 16.3% 2.0%
Divine 15.4% 1.8% Divine 15.4% 1.8%
Damper 13.8% 1.9% Damper 12.4% 1.6%
Total 10.3% 15.1% 17.2% 32.0% 31.9% 18.1% Total 9.9% 10.9% 22.6% 32.0% 31.9% 17.1%

Eat 18.6% 5.0% Eat 17.8% 4.7%

Ebb 6.4% 2.3% Ebb 14.3% 5.2%
Echo 13.6% 1.8% Echo 14.2% 1.9%
Edge 15.0% 1.8% Edge 19.3% 2.3%
Egg 23.5% 2.7% Egg 23.5% 2.7%
Elbuli 16.5% 2.2% Elbuli 14.8% 2.0%
Eon 21.5% 2.6% Eon 18.9% 2.3%
ETA 22.1% 2.6% ETA 22.1% 2.5%
Total 18.6% 6.4% 30.1% 36.6% 45.6% 21.0% Total 17.8% 14.3% 29.0% 38.2% 45.6% 23.6%

Fast 11.6% 3.1% Fast 11.1% 2.9%

Feat 10.0% 3.6% Feat 16.8% 6.2%
Fist 8.0% 1.1% Fist 8.2% 1.1%
Foam 7.3% 0.9% Foam 6.4% 0.8%
Fume 2.4% 0.3% Fume 2.4% 0.3%
Fcuk 6.9% 2.5% Fcuk 6.4% 2.4%
Total 11.6% 16.9% 8.0% 7.3% 2.4% 11.5% Total 11.1% 23.2% 8.2% 6.4% 2.4% 13.6%

CAPSTONE ® COURIER Page 10

 Round: 8
Perceptual Map C101711 Dec. 31, 2026

Andrews Baldwin Chester

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Able 8.5 11.5 2/28/2026 Baker 6.0 14.0 9/19/2025 Cake 10.6 9.4 7/24/2026
Acre 4.2 15.8 4/30/2025 Bead 5.5 14.5 11/14/2025 Cedar 5.5 14.2 11/27/2025
Adam 9.5 10.7 2/27/2027 Bid 10.4 9.8 7/17/2026 Cid 16.1 3.9 8/18/2026
A_Bid 10.0 10.1 1/6/2027 Bold 11.0 10.2 7/17/2026 Coat 17.4 10.4 7/14/2026
Buddy 9.8 9.2 7/17/2026 Cure 9.6 2.6 6/24/2026
Brass 16.3 3.6 7/23/2026 Curry 14.7 10.9 11/21/2026
Brat 16.6 3.6 6/29/2026 Cero 14.9 5.1 11/17/2026
CTrad 9.9 10.1 3/4/2025

Digby Erie Ferris

Name Pfmn Size Revised Name Pfmn Size Revised Name Pfmn Size Revised
Daze 10.1 10.0 8/23/2026 Eat 10.8 9.6 9/19/2026 Fast 9.8 9.7 8/3/2026
Dell 4.1 15.8 11/23/2024 Ebb 4.8 15.3 7/8/2026 Feat 4.8 14.5 8/15/2026
Dixie 15.2 5.0 4/17/2026 Echo 15.5 4.3 8/19/2026 Fist 14.8 4.2 6/27/2026
Dot 17.4 10.4 9/23/2026 Edge 17.0 10.8 8/6/2026 Foam 16.0 10.4 7/29/2026
Dune 9.6 2.6 7/19/2026 Egg 9.6 2.6 7/15/2026 Fume 10.5 5.6 6/8/2027
Disco 17.4 10.4 7/19/2026 Elbuli 16.1 3.9 7/22/2026 Fcuk 5.0 14.5 7/20/2026
Divine 9.6 2.6 9/21/2026 Eon 17.4 10.4 8/6/2026
Damper 16.1 3.9 9/27/2026 ETA 9.7 2.6 5/30/2026

CAPSTONE ® COURIER Page 11

 Round: 8
HR/TQM Report C101711 Dec. 31, 2026
HUMAN RESOURCES SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Needed Complement 91 825 445 474 687 194
Complement 91 825 445 474 687 194
1st Shift Complement 62 642 265 249 344 135
2nd Shift Complement 29 183 180 225 343 59
Overtime Percent 0.0% 0.0% 0.1% 0.0% 0.0% 0.2%
Turnover Rate 21.7% 11.1% 7.9% 6.4% 7.8% 10.5%
New Employees 111 164 71 93 153 20
Separated Employees 0 0 0 0 0 67
Recruiting Spend $400 $2,200 $2,000 $2,000 $5,000 $2,500
Training Hours 50 35 75 70 80 65
Productivity Index 132.6% 110.6% 116.6% 122.3% 121.7% 121.0%
Recruiting Cost $155 $524 $213 $279 $916 $71
Separation Cost $0 $0 $0 $0 $0 $335
Training Cost $91 $577 $668 $664 $1,099 $252
Total HR Admin Cost $246 $1,101 $881 $943 $2,015 $658
Labor Contract Next Year
Wages $34.08 $34.86 $36.50 $37.10 $35.72 $34.08
Benefits 2,875 2,875 2,925 3,000 2,958 2,875
Profit Sharing 2.3% 2.3% 2.3% 2.4% 2.3% 2.3%
Annual Raise 5.7% 5.7% 5.8% 6.0% 5.9% 5.7%
Starting Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Ceiling Negotiation Position
Wages
Benefits
Profit Sharing
Annual Raise
Adjusted Labor Demands
Wages
Benefits
Profit Sharing
Annual Raise
Strike Days

TQM SUMMARY
Andrews Baldwin Chester Digby Erie Ferris
Process Mgt Budgets Last Year
CPI Systems $0 $0 $0 $0 $0 $0
VendorJIT $0 $0 $0 $0 $0 $0
Quality Initiative Training $0 $0 $0 $0 $0 $0
Channel Support Systems $0 $900 $0 $0 $0 $0
Concurrent Engineering $0 $900 $0 $0 $0 $0
UNEP Green Programs $0 $900 $0 $0 $0 $0

TQM Budgets Last Year

Benchmarking $0 $900 $0 $0 $0 $0
Quality Function Deployment Effort $0 $900 $0 $0 $0 $0
CCE/6 Sigma Training $0 $0 $0 $0 $0 $0
GEMI TQEM Sustainability Initiatives $0 $900 $0 $0 $0 $0
Total Expenditures $0 $5,400 $0 $0 $0 $0

Cumulative Impacts
Material Cost Reduction 8.94% 6.90% 11.80% 11.78% 11.80% 11.54%
Labor Cost Reduction 10.19% 0.92% 14.00% 14.00% 14.00% 13.77%
Reduction R&D Cycle Time 34.37% 40.01% 40.01% 40.01% 40.01% 39.85%
Reduction Admin Costs 54.87% 60.02% 60.02% 60.02% 60.02% 60.02%
Demand Increase 9.55% 14.40% 14.40% 14.40% 14.40% 13.78%

CAPSTONE ® COURIER Page 12


Ethics Report
Other (Fees, Writeoffs, etc.)
Demand Factor
Material Cost Impact
Admin Cost Impact
Productivity Impact
Awareness Impact
Accessibility Impact
Round: 8
C101711 Dec. 31, 2026
ETHICS SUMMARY
The actual dollar impact. Example, $120 means Other increased by $120.
The % of normal. 98% means demand fell 2%.
The % of normal. 104% means matieral costs rose 4%.
The % of normal. 103% means admin costs rose 3%.
The % of normal. 104% means productivity increased by 4%.
The % of normal. 105% means normal awareness was multiplied by 1.05.
The % of normal. 98% means normal accessiblity was multiplied by 0.98.
Normal means the value that would have been produced if the problem had not been presented.

No Impact Andrews Baldwin Chester Digby Erie Ferris

Total
Other (Fees, Writeoffs, etc.) $0 $0 $0 $0 $0 $0 $0
Demand Factor 100% 100% 100% 100% 100% 100% 100%
Material Cost Impact 100% 100% 100% 100% 100% 100% 100%
Admin Cost Impact 100% 100% 100% 100% 100% 100% 100%
Productivity Impact 100% 100% 100% 100% 100% 100% 100%
Awareness Impact 100% 100% 100% 100% 100% 100% 100%
Accessibility Impact 100% 100% 100% 100% 100% 100% 100%

CAPSTONE ® COURIER Page 13

 Annual Report
Round: 8
Annual Report Ferris C101711
Dec. 31, 2026
Balance Sheet
DEFINITIONS: Common Size: The common size column
simply represents each item as a percentage of total ASSETS 2026 2025
assets for that year. Cash: Your end-of-year cash Common
position. Accounts Receivable: Reflects the lag between
Size
delivery and payment of your products. Inventories: The Cash $0 0.0% $0
current value of your inventory across all products. A zero
Account Receivable $4,534 6.5% $6,587
indicates your company stocked out. Unmet demand
would, of course, fall to your competitors. Plant & Inventory $13,005 18.5% $32,181
Equipment: The current value of your plant. Accum Total Current Assets $17,539 25.0% $38,768
Deprec: The total accumulated depreciation from your
plant. Accts Payable: What the company currently owes
Plant & Equipment $121,552 173.0% $146,552
suppliers for materials and services. Current Debt: The
debt the company is obligated to pay during the next year Accumulated Depreciation ($68,912) -98.2% ($76,294)
of operations. It includes emergency loans used to keep Total Fixed Assets $52,640 75.0% $70,258
your company solvent should you run out of cash during Total Assets $70,180 100.0% $109,026
the year. Long Term Debt: The companys long term debt
is in the form of bonds, and this represents the total value LIABILITIES & OWNERS
of your bonds. Common Stock: The amount of capital
EQUITY
invested by shareholders in the company. Retained
Earnings: The profits that the company chose to keep Accounts Payable $3,538 5.0% $3,141
instead of paying to shareholders as dividends.
Current Debt $25,064 35.7% $58,860
Long Term Debt $55,104 78.5% $55,104
Total Liabilities $83,706 119.0% $117,105

Common Stock $23,337 33.3% $23,337

Retained Earnings ($36,864) -52.5% ($31,415)
Total Equity ($13,527) -19.3% ($8,078)
Total Liab. & O. Equity $70,180 100.0% $109,026

Cash Flow Statement

The Cash Flow Statement examines what happened in the Cash Account Cash Flows from Operating Activities 2026 2025
during the year. Cash injections appear as positive numbers and cash Net Income(Loss) ($5,449) ($13,917)
withdrawals as negative numbers. The Cash Flow Statement is an excellent Depreciation $8,103 $9,770
tool for diagnosing emergency loans. When negative cash flows exceed Extraordinary gains/losses/writeoffs ($6,133) ($5,257)
positives, you are forced to seek emergency funding. For example, if sales Accounts Payable $397 ($5,087)
are bad and you find yourself carrying an abundance of excess inventory,
Inventory $19,175 $27,480
the report would show the increase in inventory as a huge negative cash
Accounts Receivable $2,053 $2,670
flow. Too much unexpected inventory could outstrip your inflows, exhaust
your starting cash and force you to beg for money to keep your company Net cash from operation $18,148 $15,660
afloat. Cash Flows from Investing Activities
Plant Improvements $15,648 ($3,392)
Cash Flows from Financing Activities
Dividends paid $0 $0
Sales of common stock $0 $0
Purchase of common stock $0 $0
Cash from long term debt $0 $17,627
Retirement of long term debt $0 $0
Change in current debt(net) ($33,796) ($29,895)
Net cash from financing activities ($33,796) ($12,268)
Net change in cash position $0 $0
Closing cash position $0 $0

Annual Report Page 14

 Round: 8
Annual Report Ferris C101711
Dec. 31, 2026
2026 Income Statement
2026 Common
(Product Name) Fast Feat Fist Foam Fume Fcuk
Total
Size
Sales $25,579 $20,475 $13,534 $9,590 $3,278 $19,491 $0 $0 $91,947 100.0%
Variable Costs:
Direct Labor $6,404 $4,514 $4,280 $2,707 $1,124 $3,805 $0 $0 $22,833 24.8%
Direct Material $9,866 $6,591 $6,077 $4,721 $1,404 $4,585 $0 $0 $33,244 36.2%
Inventory Carry $152 $0 $0 $117 $1,292 $0 $0 $0 $1,561 1.7%
Total Variable $16,422 $11,104 $10,357 $7,544 $3,819 $8,390 $0 $0 $57,637 62.7%
Contribution Margin $9,157 $9,371 $3,177 $2,046 ($541) $11,100 $0 $0 $34,309 37.3%
Period Costs:
Depreciation $2,005 $2,616 $523 $507 $567 $1,885 $0 $0 $8,103 8.8%
SG&A: R&D $596 $630 $494 $583 $1,000 $556 $0 $0 $3,858 4.2%
Promotions $1,500 $1,650 $1,400 $1,250 $1,450 $1,500 $0 $0 $8,750 9.5%
Sales $2,628 $2,774 $1,898 $2,336 $2,336 $2,336 $0 $0 $14,308 15.6%
Admin $255 $204 $135 $96 $33 $194 $0 $0 $916 1.0%
Total Period $6,984 $7,874 $4,449 $4,771 $5,386 $6,472 $0 $0 $35,936 39.1%
Net Margin $2,173 $1,497 ($1,273) ($2,725) ($5,927) $4,629 $0 $0 ($1,626) -1.8%
Definitions: Sales: Unit Sales times list price. Direct Labor: Labor costs incurred to produce the product Other ($6,133) -6.7%
that was sold. Inventory Carry Cost: the cost unsold goods in inventory. Depreciation: Calculated on EBIT $4,507 4.9%
straight-line. 15-year depreciation of plant value. R&D Costs: R&D department expenditures for each Short Term Interest $4,996 5.4%
product. Admin: Administration overhead is estimated at 1.5% of sales. Promotions: The promotion budget Long Term Interest $7,893 8.6%
for each product. Sales: The sales force budget for each product. Other: Chargs not included in other Taxes ($2,934) -3.2%
categories such as Fees, Write offs, and TQM. The fees include money paid to investment bankers and Profit Sharing $0 0.0%
brokerage firms to issue new stocks or bonds plus consulting fees your instructor might assess. Write-offs Net Profit ($5,449) -5.9%
include the loss you might experience when you sell capacity or liquidate inventory as the result of
eliminating a production line. If the amount appears as a negative amount, then you actually made money
on the liquidation of capacity or inventory. EBIT: Earnings Before Interest and Taxes. Short Term Interest:
Interest expense based on last years current debt, including short term debt, long term notes that have
become due, and emergency loans, Long Term Interest: Interest paid on outstanding bonds. Taxes:
Income tax based upon a 35% tax rate. Profit Sharing: Profits shared with employees under the labor
contract. Net Profit: EBIT minus interest, taxes, and profit sharing.

Annual Report Page 15