How to Finance an Acquisition

We don't base our kind of return on, you know, high profit growth in the future. It's really about establish a level that we feel comfortable earning capacity over a business cycle. And so what you do in this DCF is almost like you get comfortable with the durability of the earning power. You kind of assume some kind of organic growth rate and revenue base case. Look at the five year, 10 year earnings, calculate that. I use my debt financing to pay it. No equity. Yes.