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.

.,

procurement) greater than

show a net

cash flow

of $5

option A.

Option G

(50-50

to $7.2 billion, or split procurement)

about $1.4 to $3.6 billion shows about $1.1 to $3.3

billion greater cash $0.8 to $3.0 billion

flow than option A, and option B greater cash flow than option A.

(multi-line

with

ZIP+4)

shows

about

A comparison of yearly cash flows gives similar results. By 1994, all equipment will presumably have been installed (or converted) and up and running at optimal

performance.

Options B, D, G. and H

multi-line OCRs. been converted to OCRs.

The single-line OCRs multi-line capability.

will by that time look exactly the same -- ail procured under options D, G, and H will have Option A will continue to be solely single-line

With high ZIP+4 usage, option A shows an annual net cash flow of about $870 million to $1.2 billion from 1994 to 1998. Options B, D, G, and H show almost identical annual cash flows, only slightly higher by about $70 to $100 million per year. However,

at low ZIP+4 usage, the differences performance, options B, D, G, and H

again

become

show

between

substantial. With high multi-line $440 and $580 million per year

additional net cash flow compared line performance, the advantage of

to option A, from 1984 to 1998. With median multi- options B, D, G, and H over A ranges from $370 to

$490 million per year. option A, while reduced,

And even at low multi-line performance, the advantage is still significant at $180 to $240 million per year.

over

12

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