food technology development, and to link culinary operations with its education business. On 3 April 2018, the company launched ASAI Hotels, a distinctive new brand designed to link curious, millennial

would be $5,900 (which is 5.9% of the $100,000 portfolio). 2 We provide a sensitivity analysis in Table D1 of Appendix D for the reader who is curious about the impact of different assumed basecase equity