if we improve the lease with Carrefour to 3 RMB per square meter per day gross rent, then the JV gross income would be about 39 million RMB a year, doubling what it is now. Using the GRM method, if using GRM=10, then the exit price would be 390 million RMB; if using GRM=12, then the exit price would be 468 million RMB. The cost of doing this is the legal cost to the third party. I do not anticipate that the JV would charge for the leg work. Therefore, you may have a better estimate than I do relating to the third party cost if it is chosen by GS.

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如果我们对家乐福的每天的毛租金每平方米增加到3块钱,那么合资公司的毛收入将会是每年3千900万,比现有数字翻了一翻。