APEX-Agents · Investment Banking
World_223_IL_03
APEX-Agents task World_223_IL_03 in AI Agents for M&A Legal Due Diligence. Compare dual-harness agent runs across models — rubric criteria, scores, and public traces.
Task prompt
What the agent was asked to do
Perform a value-creation analysis based on scenario 1 using the accretion dilution model to assess whether Scenario 1 creates or destroys value for 3M Shareholders. Assumptions: 1. 3M Levered Beta is 1.15 2. Risk free rate is 4.00% 3. Equity risk premium is 5.50% 4. Calculate cost of equity using CAPM: Risk-free rate + Beta*Equity Risk Premium 5. Implied Return = SOLV Net Income/Purchase Price Paid 6. Assume Spread is calculated by Implied Return - WACC 7. For PF WACC, use 3M's existing cost of debt from Scenario 1 and assume the incremental acquisition debt carries a 10.00% interest rate (consistent with Scenario 1 assumptions). Print the output here. Format all final percentages to two decimal places.
Published trajectories
Agent runs on this task
Curated dual-harness runs (parsed + original sandbox). Best scored run per model.
| Model | Harness | Score | Result | Links |
|---|---|---|---|---|
| GPT-5.5showcase | dual | 0/4 | Fail | Share pagePublic trace |
| Gemini 3.1 Pro | dual | 0/4 | Fail | Share pagePublic trace |
| GPT-5.4 mini | dual | 0/4 | Fail | Share pagePublic trace |
| GPT-5.4 nano | dual | 0/4 | Fail | Share pagePublic trace |
Grading rubric
Criteria and grader verdict (showcase run)
States that Base 3M WACC is 9.37%
FailEvidence: <TEXT_RESPONSE> table lists “PF WACC | 9.17%” and does not include a Base 3M WACC line. Assessment: The criterion requires stating “Base 3M WACC is 9.37%”; this is absent, so fail.
States that the Base Spread is -0.84%
FailEvidence: <TEXT_RESPONSE> table lists “Spread: Implied Return - PF WACC | -0.64%” and the conclusion repeats “negative spread of -0.64%.” Assessment: The criterion requires stating “the Base Spread is -0.84%”; no Base Spread is stated and the only spread given is different, so fail.
States that PF 3M WACC is 9.53%
FailEvidence: <TEXT_RESPONSE> table states “PF WACC | 9.17%.” Assessment: The criterion requires stating “PF 3M WACC is 9.53%”; the response states 9.17% instead, so fail.
States that the PF Spread is -1.01%
FailEvidence: <TEXT_RESPONSE> table states “Spread: Implied Return - PF WACC | -0.64%” and conclusion says “producing a negative spread of -0.64%.” Assessment: The criterion requires stating “the PF Spread is -1.01%”; the response states -0.64% instead, so fail.