Prototype 03 · grand-canyon-education · public 10-K base + user-driven assumptions · noindex

Is a CPS-honest funnel a diligence check , or a line in the value-creation bridge?

For a sponsor underwriting GCE/LOPE, the question isn't "does it save money" ; it's "does it move EBITDA and the exit multiple enough to put in the bridge and report to LPs quarterly?" This sizes both, against the combined $535.9M funnel (marketing + counseling, not just the smaller line), and separates the two underwritable claims a sponsor needs kept apart: a recurring EBITDA contribution, and a variance-reduction story that touches the multiple.