Seán Fleming (Laois, Fianna Fail) | Oireachtas source

Okay. Just to be clear, one would have thought that the board would have said that it had seen the scenario of 5.5% and 2.5% NPV work-outs. Mr. McDonagh said the board members said a 10% rate, or higher, was closer to the mark of where things were. The logical thing was to ask someone to work out the figures. The board appears to have made some decisions. We have been told it made a decision based on a rate of 10%. What was the figure based on? Why did Mr. McDonagh tell us it was €1.3 billion?