Midland Energy Resources Midland Energy Resources is a fully integrated energy company with operations in E&P‚ Refining & Marketing (R&M) and Petrochemicals. Capital budgeting at Midland is done using discounted cash flow method and weighted average cost of capital (rwacc). Corporate Weighted Average Cost of Capital‚ rwacc The primary use of the corporate rwacc is valuation (TV=FCF/(rwacc-g)). While the rwacc may be used for evaluating internal projects‚ the usage will be incorrect owing to the
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Midland Energy Resources‚ Inc.: Cost of Capital Background Information: ➢ Janet Mortensen‚ Senior vice preside of project finance for Midland Energy Resources ➢ Midland Has three divisions o Exploring and Production(E&P) o Refining and Marketing (R&M) o Petrochemicals ➢ 2006 Operating Revenue-$248.5 billion Operating Income- $42.2 billion ➢ Estimated Cost of Capital used to analyses o Asset appraisal for capital budgeting o
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Answer Case Study 2 Midland Energy Resources (as a whole company) According to the article‚ the beta of Midland Energy is 1.25. beta=1.25 cost of equity re = rf + beta * (EMRPs) EMRPs = 5.0% We assume that the company will run for next 30years‚ so the rate of risk free is 4.98% rf = 4.98% Cost of Equity: rE = rf + beta * (EMRPs) = 4.98% + 1.25 * 5% = 11.23% Market Value of Equity = $134114m (Exhibit 5) Cost of Debt 30years‚ rD = rf + spread to treasury = 4.98% + 1.62% = 6.60% Market
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Equipment Disc Jockeys or DJs for short play a selection of music that are pre-recorded from different musicians to their audience. In order for DJs to play music‚ DJs would use equipment to playback the music in which the audience would hear from. The types of DJ Equipment used are turntables‚ DJ mixers‚ crossfaders‚ amplifiers‚ speakers‚ Serato live software with Serato Control‚ and Rane hardware‚ eventually this would create a sound system that DJs would use. The content of
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Conserve and Preserve With today’s growing population‚ resource consumption is becoming a huge concern. It is important that humans realize what is best for both our present and future generation‚ and what is best for our planet. We must preserve certain areas from being destroyed to keep their natural beauty. We should also conserve resources‚ so they can continue to flourish‚ but also so we can continue to live our lives without depleting these resources. Every individual unit of the environment
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The Dj Essay‚ Research Paper The DJ About fifteen years ago a culture was born. In Europe a new type of music was being created. Something new‚ something fresh. A music fueled by throbbing beats over rattling bass. This is electronic music. The mastermind behind this whole up and coming culture was and is the DJ. In the past five years have become more and more popular everyday. Some people who are not aware of this music or this culture might argue that being a DJ is not a serious profession for
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sparing the energy. Cities must be planned in such a way that the commuting distance is minimized. In industry many things could be done to reduce waste of energy or to economize energy. The maintenance may be tightened; waste heat must be utilized properly. If systems arc streamlined‚ economy in fuel could be obtained. Instead of using materials requiring higher energy‚ those which require lower energy can be used. By effecting minor changes in the existing plants‚ economy in energy could be achieved
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Essay Writing Category 4 (Individual): Essay Writing Age Group: Grades: 7- Grade 9 Topic: ‘Development of Renewable Energy Sources in the UAE’ As part of Language/Writing Class‚ ask your students to write an essay on the above topic. Did You Know? · The UAE is the first hydrocarbon country in the world to begin investing in renewable energy. · MASDAR City‚ in Abu Dhabi‚ is an emerging clean-technology cluster located in what aims to be one of the World’s
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Report on DJ culture impact on IUB students Figure 1 : Likeness of the DJ party-10 Figure 2 : Popularity of Dj Party-10 Figure 3 : Perception about Dj party-11 Figure 4 : How often people goes to Dj party-12 Figure 5 : Is it good for IUB students-13 Figure 6 : Effects of Dj Party-13 Figure 7 : About banning Dj Party-14 Figure 8 : Bring dirtiness in our society-15 Abstract The aims and objectives of this report is to identify‚ describe and produce an analysis on necessity of Dj party
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Conserving water can greatly limit the negative impact we have on the environment. By thinking conscientiously and creatively‚ we can make sure that everyone has enough water‚ while also minimizing the energy we use to bring it to our faucet or garden hose. Plus‚ using water wisely can lower many water bills. At Urban Times‚ it has been high on our agenda to bring more awareness to the increasing scarcity of water. This infographic‚ brought to us by Seametrics‚ illustrates that our water consumption is
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