NEWS CORPORATION CREDIT APPRAISAL MEMORANDUM The report contains credit appraisal and valuation of the company on the basis of comparables company method‚ DCF and market valuation. Aditi Phadnis 11/02/2013 NEWS CORPORATION Feb. 11 EXECUTIVE SUMMARY COMPANY SNAPSHOT News Corp (“NWSA” or the “Company”) is one of the largest international diversified entertainment and media companies in the world. The Company operates in five industry segments Cable Networks- This includes channels such as Fox Ne
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Incomestmt-tax basis | | | | | | | | | | | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | | | | | Projected Sales | 25.375 | 32.25 | 45 | 65 | 80 | 95 | | | | | Sale price | 3200 | 3200 | 3200 | 3200 | 3200 | 3200 | | | | | Revenue | 81200 | 103200 | 144000 | 208000 | 256000 | 304000 | | | | | Labor Expense | 32250 | 32250 | 95000 | 95000 | 95000 | 95000 | | | | | Gross margin | 48950 | 70950 | 49000 | 113000 | 161000 | 209000 | | | | | Less | | | |
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Concepts of business valuation – Critical review of the Discounted Cash Flow (DCF) analysis and its applicability in today’s business world SEMINAR PAPER Table of contents page 1. Introduction...............................................................................................................3 1.1 1.2 2. The importance of business valuation ..................................................................3 Key indicators covered in this seminar paper .............................
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Calaveras Vineyards Case The appropriate TBV equations to calculate the firm’s WACC and FCF are: * R(after tax‚ wacc) = (E0/V0)rE + (D0/V0)rD (1-T) * FCF = TCF – corporate tax savings from deductable interest expense or * FCF = -NCPFA + Debt interest payment – corporate tax savings from deductible interest expense Below are the calculations for Calaveras Vineyards: * V1/1/1994 = (2‚500)/1.126 + 357‚000/1.126^2 + 463‚000/1.126^3 + 590‚000/1.126^4 + 780‚000/1.126^5
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Use of Customs‚ Dialect and Social Status In "The Notorious Jumping Frog of Calaveras County" Mark Twain’s "The Notorious Jumping Frog of Calaveras County" is a short story with the lesson that what goes around comes around. In this short story‚ which first appeared in 1856 and his first successful story‚ Twain uses local customs of the time‚ dialect‚ and examples of social status in his story to create a realistic view of the region in which the story takes place. The way that the characters
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oppression． Mark Twain neglected or bypassed the harshness of reality in most of his writings．He delighted the readers with humorous and gently satiric sketches about mining camps and life on and along the fiver(Roughing It(1872)‚The Jumping Frog of Calaveras County(1865)，life on the Mississippi(1 883))or with hilarious spoofs about greenhorns and intellectuals(The Gilded Age(1873)，The Innocents Abroad(1869)，Political Economy(1 870))，These works are funny because of their arrangement of the story and
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Melody Houff English 111 Mrs. Forcey 23 February 2013 “The Notorious Jumping Frog Of Calaveras County”. The Notorious Jumping Frog of Calaveras County by Mark Twain takes place in a tavern located in a small mining camp called Angel’s‚ where a person asks the narrator about an old friend‚ who doesn’t recall a person by that name‚ but does remember someone else by a similar name. Local word color is a writing tool used to help the reader understand
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strong intimate feelings of love we have for “money” encourages people to do anything to get it. Great examples are; “ Christena Karlsen died of a fire intentionally set by her husband Karl Karlsen because of an $200‚000 life insurance policy” (Calaveras Co.). Or “David Viens‚ a chef that murdered his wife in cooks her for 4 days because Viens believe she was stealing money from their restaurant” (Chef who...). My opinion money itself is not evil‚ it’s the people that use’s money as a reason why
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Speaking of regionalistic qualities‚ The Notorious Jumping Frog of Calaveras County and The Outcasts of Poker Flat are very much alike when it comes to their characters. The dialect used in both stories indicates that the setting must be somewhere in the “Wild West”. For example‚ in Twain’s story‚ Simon Wheeler is telling the narrator tall tales about some fellow named Jim Smiley and his tone tells you exactly the type of man he is: somewhat unintelligent compared to the narrator. The sentence structure
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style of writing. He commonly used satire in stories to evoke a response in readers his form was mainly used to compel the reader to pause and reflect on his literature. In the three short stories that were read; "The Notorious Jumping Frog of Calaveras County"‚ "The Man That Corrupted Hadleyburg"‚ and "The Invalid’s Story"‚ Mark Twain wrote in a funny and sarcastic style that would entertain any reader. Sometimes‚ his choice of words and the way he foretold certain events and even the layout of
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