To arrive at an intrinsic value we forecast cash flows out five years, and then discount the first four years back to the present and add to that the present value of the fifth year’s cash flow after applying a multiple to it. The setting of that multiple, of course, is very important and is where we have the most debates in our approval process. There are quantitative and qualitative aspects to it. We’ll maybe start with peer multiples or the multiples at which deals have been done, for example, but that’s not the only input because every company is different. We also take into consideration things like the consistency of the business, its financial strength, and the operating prowess of the management team.