... target-company), 68Risk, 14, 18and interest rates, 120macroenvironmental, 36management of, 97 104measurement of, 19Monte Carlo simulation for managing, 99–100real option analysis for managing,100–104specific ... performance of, 260–2 67 history and competitive conditionsaffecting, 254–2 57 N& ;A method computation of stand-alone fair market value for, 278 – 279 normalization adjustments for, 260,2 67 273 potential ... compensation of $75 0,000 annu-ally will be adjusted the same as it was in the valuation of the com-pany on a stand-alone basis. Omni concluded that Cardinal’s man-agement was thin enough that market-level...