Effectonengineperformanceofprecoolingwas calculated to analyzethefeasibilityof the two methods ontheassumption that the precoolingeffectiveness can achievetheanticipated value.
The company has guided that marketing expenses in the long run will remain at 20% of revenues, and our valuation of the stock modeled a decline in marketing expenses as a percentage of revenue to a high single digit value previously as we anticipated greater operating leverage as the company grew.