Project vs Firm Risk and the Impact of Leverage The SML and WACC § Consider 100% equity financed firm § Beta = 1 E/V = 1! D/V = 0! § WACC =? E D WACC = × RE + × RD × (1 − TC ) = RE V V WACC = Cost of equity from CAPM [ ] WACC = RE = R f + β × E [RM ] − R f = E [RM ] Beta =1! 2 SML and WACC SML Expected Return WACC = E[RM] Rf [ R f + β × E [RM ] − R f ] β=1 Beta 3 Accept Projects Y and/or Z? Expected Return IRRz WACC = E[RM]
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How to Survive Freshman Year in College College is the perfect intersection of freedom and young adulthood. Never again will a person be allowed to have that much fun while being responsible for so little. But as generations of students have learned the hard way‚ it’s easy to get overwhelmed by that freedom and go overboard. Students who’d never had a problem doing homework find themselves failing tests when there’s no one around to motivate them to attend class. People who’d always managed to
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Ben and Jerry’s is known for having strong corporate social responsibility. The Ben & Jerry’s Foundation‚ a separate entity from the Company‚ was established in 1985 through a donation of stock in Ben & Jerry’s Homemade‚ Inc. Its mission is to make the world a better place by empowering Ben & Jerry’s employees to use available resources to support and encourage organizations that are working towards eliminating the underlying causes of environmental and social problems. (Ben and Jerry’s) However
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Associate Level Material Six Dimensions of Health Worksheet Part 1 For each of the following six dimensions of health‚ list at least one characteristic‚ activity‚ belief‚ or attitude that reflects that dimension in your life. Provide a brief explanation with each example. Refer to Ch. 1 in the text for explanations of these dimensions. Physical health: For my physical health I like to go hiking‚ and walking with my son. We live in a rather large apartment building‚ so on nice days we
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Journal #3 I stood on the porch with my hands in my pockets. My eyes focused on the two story white house in front of me. Today was my best friend’s Ben’s Birthday and in celebration of it‚ we were throwing a big surprise party. Ben was turning 18 so it was important we make this night unforgettable for him. I began walking down the brick pavement to the front door‚ excitement bubbling up inside me. I have been looking forward to this party for weeks. I knocked on the door and in less than 30
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Start-up capital is the finance needed by a new business to pay for essential fixed and current assets before it and begin trading Revenue- money coming into the business. Selling products Revenue= number of products sold x price Costs- money going out of the business. E.g. salaries‚ rent‚ electricity/water Profit- Money which is left over after all costs have been paid P= R-C A car manufacture - Machinery - Labour - Land - Utilities - Raw materials A school - Labour
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to attempted harm of a friend‚ and his own mother‚ but faith and reasoning saved Ben Carson from his problems. Through faith‚ hard work‚ and diligence Carson overcame the odds of being a young african american male from a one parent home‚ and got accepted into one of the most prestigious universities in the country‚ and to later become one of the greatest neurosurgeons in the world. That’s what appeals me about Ben Carson‚ not the fact that he was the first to separate two conjoined twins‚ not that
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CHAPTER 6: MASTER BUDGET AND RESPONSIBILITY ACCOUNTING TRUE/FALSE 1. Few businesses plan to fail‚ but many of those that flop have failed to plan. Answer: True Difficulty: 1 Objective: 1 2. The master budget reflects the impact of operating decisions‚ but not financing decisions. Answer: False Difficulty: 1 Objective: 1 The master budget reflects the impact of operating decisions and financing decisions. 3. Budgeted financial statements are also referred to as pro
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Why Pursuing a Master Degree? Increasingly‚ the Master’s degree is becoming part of the educational experience as more and more people acquire a Bachelor degree but find that they need something more to accomplish their goals. Pursuing a Master’s degree can represent a significant commitment of time‚ finances‚ and emotional energy. When people are in school‚ sacrifices often have to be made‚ and there can be a major impact on family‚ work‚ and social life. Despite the commitment that is required
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Biography of Ben Jonson Ben Jonson was born on June 11‚ 1572 in London‚ England. His father had died about a month before his birth‚ but his mother remarried a bricklayer named Robert Brett. He was briefly educated at Westminster School‚ but never finished because his stepfather made him work in the more practical business of bricklaying. Jonson was not satisfied with this‚ so he enrolled in the army and served in Flanders. He returned to England around 1592‚ and shortly after on November 14
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