Yeah. So on the first one, so the $1.5 billion, that just assumes funding with cash and debt, so no equity. Certainly, we've got plenty of opportunities to accelerate that with equity. If the math worked out, we'd always be willing to do that. Obviously, that depends a lot on the...
And Brennan on the math, I'll just say that approximate math is across our current BCRED platform that a 50 basis point decline in base rates impacts our fee-related performance revenues on a run rate basis by about 4%. It's like a low single-digit number. And we obviously absorbed t...
My math suggests that could have even meant that the GPU business was down sequentially. And given your guidance for I guess, flattish GPUs in the first half of '25 versus second half of '24. Again, does the math not suggest that you'd be down sequentially both in Q1 and in Q2 to...
Thank you guys for taking my question. So maybe I'm stupid on this question, but if I'm doing your math for your guidance of margins in low-70s for fiscal year '24. By my math, the margins for other biopharma would have to drop to about 60% in order to balance out the other ma...
you just gave an example of the math around the $300 million needed to hit those 1,000 Burger King units. I'm just wondering who's expected or who's potentially considering foot in that bill, whether that's a potential corporate consideration or whether that's more just encouraging franchi...
you're really only getting 3 months of revenue contribution. And so you kind of do the math there and the exit rate is a little bit higher than I think what you're implying. So we are really, really bullish on it. But it is a recurring revenue business. So what we need to do is...
you can kind of assume and do that math, that spend isn’t going to be different, right. Based on the basis points we gave you, you can back into what the dollars are. And then you can say, okay, their business and flex, whether it’s the second half of this year, or next yea...
Yes. If you do the math and you start to think about $3,000 to $4,500 per restaurant, and that’s the way we look at it with our system as we look at that being significantly above breakeven profitability. If you work with rolls forward, we’re probably slightly short of that 10...
to 6% range with inflation, I believe, in the double-digit range. So maybe would imply units or tonnage down high single digit. And for next year, 2.5% to 3.5% maybe seems to assume a pretty meaningful acceleration in units. So just maybe correct me where I’m wrong on that math?
I'll say a little bit about it, then I think Zach will add some. Long term, we expect these -- the value of these credits to be very significant. You can do the math if we were to get anyone your 1,000 gigawatt-hours a year of production or even a few hundred gigawatt-hours...