You are designing the routing design for two merging companies that have overlapping IP address...

In most Cisco NAT implementations:

Local-to-global NAT translations occur before policy-based routing (PBR), meaning that NAT happens first, and then PBR decisions are made based on the translated addresses.

This sequence is important when designing overlapping address spaces, as NAT must be applied before routing policies can correctly forward traffic based on global addresses.

Other options explained:

A: Incorrect sequence.

B/D: Global-to-local translations occur during inbound processing but not in the order described relative to PBR.

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