The Outline of Appraisal Report for ATC This report consists of five parts mainly, responding to the listing five questions respectively.   1. Methodology Depiction   Some background information about the methodology included.   2. Processes and Explanations   Details about the calculation in each segment included.   3. Explanations for Rates   Explain why and how I choose a certain rate as well as show what the rates are exactly.      4. Present Value Calculation   Basing on the knowledge above, calculate the total present value on a going concern assumption.   5. Adding Synergies to PV   Each synergy affect mentioned in the article considered.