Okay. Let's get started. Can you hear and see me? >> Yep. >> Good. Great work again on that last bit of analysis. You two are kicking goals. In fact, I was talking to the people upstairs about the work we were doing and the message back is keep it up. All right, so Mr. X has finally decided that the investment makes perfect sense from a strategic point of view. >> Excellent, our work is done, let's open the champagne. >> Not so fast. The final hurdle for him is that he wants to understand the impact of the investment on the risk and return profile of his overall portfolio. Yeah, I mean who knows what his portfolio looks like. >> Good point. I make the same argument myself. Mr. X's people have responded by saying that they would give us a year of data documenting the returns from Mr.X's investment portfolio to allow us to undertake the task. What other info do you need? >> Well, I guess we're gonna need to decide on a benchmark for the overall market. Do you know if Mister X has any foreign investments as well? >> The word back is that his entire portfolio is in U.S. equities, so use something consistent with that. Let's use our standard assumptions of 2% and 5%, respectively. >> So what exactly does he want us to work out? >> Give him a sense of the overall risk of his portfolio before and after the investment. >> Stand alone risk or systematic risk? >> Both. Any more questions? This investment will represent 45% of his overall portfolio. Anything else you need? >> Nope. We'll have it to you by 3 PM today, your time. >> Great work, nice tie by the way Sean. Now, there will be no need for another call tomorrow. This is the final step of the project. I understand that you two are winding up your own projects in the next week. So how about we set up a celebratory cup of coffee when you return? >> Yeah, that sounds great Paul, let's do it, let's do it. >> Bye. >> Now Jess, I thought for sure he was gonna spring for a nice dinner. Coffee? I can get coffee here. Better coffee here. Yeah, right. All right, let's bring this baby home. I'll put the data pack together for you and identify the key metrics that we need to calculate. You do the calculations and provide a brief description of the impact of buying into Target Co on each measure. Sound like a plan? Don't tell me, off to the opera or a dance party or something else? All right, bye.