The Cost of Capital in a Corporation

We bought 80% of the company it was bought on the basis as I remember of a hundred of sixty million dollars of purchase price. It would have been a multiple of eleven or twelve times earnings sales for about a hundred million pre-tax margins were in the seven percent range. Berkshire owns the largest home furnishing store in Sacramento California we on the largest one in Boise Idaho we on thelargest one in Salt Lake City we on the large one in Las Vegas largest one in Reno and Tuesday were larger than the monthly sales of any one of those stores.