TABLE 5. Predicted and Actual Corporate Values for the US and UK ===================================================================== United States United Kingdom --------------------- --------------------- 1960-1969 1998-2001 1960-1969 1998-2001 --------------------------------------------------------------------- Predicted Fundamental Values: Domestic tangible 0.563 0.838 0.572 1.320 Domestic intangible 0.229 0.350 0.200 0.349 Foreign capital 0.086 0.379 0.031 0.480 ----- ----- ----- ----- TOTAL 0.877 1.567 0.802 2.148 Actual Market Values: Corporate equity 0.898 1.576 0.773 1.845 Net Debt 0.041 0.028 0.019 0.375 ----- ----- ----- ----- TOTAL 0.940 1.604 0.792 2.220 ======================================================================