[RHANSEN 4/22/2019 3:49:11 PM] Brighton Estates Water Users Association Inc.(BEWUA) is based on shares of stock inMidway Irrigation Company (MIC) The number of shares of MIC owned by BEWUA equals 7.35 shares The total amount of water owned by BEWUA equals 22.05 AF (7.35 share * 3 AF/share =22.05 AF) BEWUA values their shares at 0.45 AF/share 22.05 AF/0.45 AF/share = 49 shares Values for irrigation per share, diversion per share and depletion per share werecalculated using MIC shares valued at 3 AF per share and a duty of 3 AF/acre. Depletionper share was calculated using consumptive use of irrigated crops, midway station, whichgives 21.90 inches or 1.825 feet per year. This equates to a 60.83% efficiency. (3AF/acre*60.83% = 1.825 AF/acre) Depletion of BEWUA share equals 0.2737 AF/share (0.45 AF/share * 60.83% = 0.2737 AF)