This report was prepared by Baker & O’Brien, Inc. (Baker & O’Brien) using its own models and analysis. The opinions and findings in this report are based upon Baker & O'Brien's experience, expertise, skill, research, analysis, and related work to date. Forecasts and projections contained in this report represent Baker & O'Brien's best judgment utilizing its skill and expertise and are inherently uncertain due to the potential impact of factors or future events that are unforeseeable at this time or beyond Baker & O'Brien's control. In the event that additional information should subsequently become available that is material to the conclusions presented herein, Baker & O'Brien reserves the right to supplement or amend this report. Nothing in this report should be construed as a recommendation for or against implementing any policies and regulations. Baker & O'Brien expressly disclaims all liability for the use, disclosure, reproduction, or distribution of this report by or to any third party.