Palamon Capital Partners/TeamSystem S.P.A. 1. Valuation of TeamSystem S.P.A. using Free-Cash-Flow-to-Equity Model (FCFE) (1) Calculate Free cash flow to equity per year: FCFE = NI – (CAPX – DEPR) –NWC + Net Borrowing (2) Discount Rate / Equity Rate: Elson estimated discount rate to be 14%. (Source: Elson believed that a 14 percent discount rate would appropriately capture the risk of the cash flows.) (3) Present Value: Note: the company is expected to grow by 6% forever since
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Housekeeping Vacuum Aspirar el piso Vacuum Cleaner Aspiradora Iron PLancha Ironing Board Tabla de planchar Take out the trash Sacar la basura Wash Dishes Lavar Platos Dishwasher Lavaplatos Sweep Barrer Broom Escoba Mop Trapeador Floor Piso Stove Estufa Refrigerato Refrigerador Freezer Congelador Dust Sacudir Clean Limpiar Clean the House Limpiar la casa
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M: Hey Sabrina‚ How are you? Hola Sabrina‚ Como estas tu? S: Good‚ and you? M: I’m great. Isn’t your birthday soon? Estoy muy bien. Es su cumpleanos pronto? S: Yes‚ my birthday is today. M: Do you have any plans? Tienes planes para esta noche? S: No‚ I don’t have any. M: Okay‚ I’ll make some plans. Come over later. Voy a hacer planes para despues. Vienes tarde! K: Hey Mo‚ what’s going on? M: Hey Kevin‚ hey Frank. It’s Sabrina’s birthday today. Hola Kevin‚ hola Frank. Hoy es los
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Hunter Casper Spanish-American War This essay will talk about the war between Spain and The United States‚ and the causes of the Spanish-American war. It will also talk about some of the significant events of the war. This paper will also discuss the important terms‚ people and events of the Spanish-American War. It will also describe the Spanish-Cuban tensions and the corrupt journalism leading up to the war. The Spanish-American war was a conflict originating in Cuba and Spain‚ until The United
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There are many effects of the Spanish American War. Spain lost the last of their colonies and would later be removed from the Western Hemisphere. The U.S. would gain many colonies such as the Philippines‚ Puerto Rico‚ Guam‚ and etc. Due to this war the U.S. recognized as a world power. The United States ended up spending more money/lives putting down Filipino rebellion. It also caused opened markets in Cuba and other places near cuba Theodore Roosevelt When William McKinley was assassinated Roosevelt
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"Prior to the Spanish colonization of the Philippines in 1565‚ there are no written records of the islands that make up the modern day Philippines."3 In the year 1565‚ Miguel López de Legazpi‚ the Conquistador travelled from Spain and founded the first Spanish settlement in the country‚ firstly on the island of Cebú. They occupied the kingdoms of Tondo and Manila‚ establishing it as the capital of the Spanish East Indies. "The Philippines were originally named after King Philip II of Spain- Las Islas
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The Mexican Spanish dialect is one that began to form in 1521 during Spain’s conquest of the Aztec Empire. The various dialects which are Latin America originate from either Castilian‚ the written and educational standard in Spain‚ or Andalusian‚ which is spoken in the southern regions of Seville and Andalucía‚ Spain. When Europe began colonizing the Americas‚ both dialects were carried over into the Latin American regions. Castilian was integrated in large cities and administrative areas such as
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be focusing on the Spanish language because it is the language I grew up speaking.
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Spanish in the United States The United States is home to a large and rapidly growing population of Spanish speakers. With over 35 million speakers‚ Spanish is the second most commonly-spoken language in the United States. According to data from the US Census Bureau‚ it is spoken in about 12 per cent of all U.S. households. Hispanic citizens constitute about 16% of the U.S. population now and this figure will rise to 30% by 2050. By 2050‚ the U.S. will become the largest Spanish-speaking country
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Legend’ of the Spanish conquest in the America’s stems from the backlash against the Spanish in the late 1500’s early 1600’s. Following the disaster of the Spanish Armada crushing Spain as a maritime power and the alliance of Portugal with England‚ it was convenient to use the reputation of cruelty and ruthlessness to motivate people to fight against them and to justify colonization methods. While the vilification of Spain as an entity in Europe has existed for centuries‚ with the Spanish Inquisition
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