STATE OF MICHIGAN

The earning power and cash flow appeared to Schoenwald to be the primary consideration for Source Midland’s purchase price for the 18.1% interest. MCV’s 1996 10K indicates the following values: for property, plant and equipment $2,403,640,000; and pipeline $21,222,000, from which $535,590,000 (book depreciation) is deducted, leaving a value ... ................
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