MEMORANDUM DATE: TO: FROM: SUBJECT: Aquarius – Pub Valuation Overview The Greens are looking to sell Aquarius Ales‚ their pub located in Austin Texas as they are looking to fully retire and take up golfing and quilt making. Recently they have received their first offer to buy the business which was $450‚000 from Marc Johnston and John Sheridan‚ two University of Texas graduates who miss the college scene. The Greens are seriously considering the offer but feel that it
Premium Discounted cash flow Cash flow Weighted average cost of capital
market beta’s were used based on ? Rs = Rf + Beta x [ Rm – Rf ] Highest return noted was 7.29% ( = 3.69% + 0.72 * 5.3% ). Because of the market risks‚ different values of Market risk premiums and Beta was considered (using regression). Heinz’s WACC Calculation for a range with focus on Beta variation: We
Premium Weighted average cost of capital Financial markets Stock market
COMPANY OVERVIEW LVMH Moet Hennessy Louis Vuitton (LVMH) is engaged in the business of production and retailing of luxury goods such as wines and spirits‚ fashion and leather goods‚ perfumes and cosmetics‚ watches‚ and jewelry.The group operates on a global scale and has offices in 57 countries worldwide. LVMH is headquartered in Paris‚ France and employs approximately 56‚200 people. The group recorded revenues of E15‚306 million during the fiscal year ended December 2006‚ an increase of 10%
Premium LVMH Luxury good
Equity beta 1.15 1.04 1.39 Rf 4.62% 4.62% 4.62% Rm 10.12% 10.12% 10.12% Rm - Rf 5.50% 5.50% 5.50% Cost of equity 10.95% 10.34% 12.27% Weight of debt 22.20% 27.10% 7.50% Weight of equity 77.80% 72.90% 92.50% WACC 9.30% 8.47% 11.72% Information on Corporation can be found from Exhibit 1 of Case 15 in Case Studies in Finance: Managing for Corporate Value Creation‚ 6th edition‚ by Bruner RF‚ Eades KM‚ Schill MJ McGraw Hill‚ pg 225. I am using 4.62% for
Premium Investment Finance Rate of return
I have taken it upon myself to help improve the amount of fruit that the vineyard produces. One area I noticed that could use improvement was the type of bird netting that was being applied. I personally picked the fruit and saw how much fruit was pierced by birds. I collected data by interviewing managers of the winery‚ and researching online about which practices produced the best outcome. This report analyzes our current bird netting and the procedures that go into it. I also recommend three
Premium Wine Grape Viticulture
space and culture as well as a permanent declaration of cultural continuity. 7. The artist to the Discovery of Pulque is Jose Maria Obregon and its style is indigenismo. 8. The artist is Jose Guadalupe Posada the media he uses is prints and the Calaveras represent Dia de Los Muertos. 9. Here we have a painting of Frida Kahlo that she named The Two Fridas‚ she was associated with the surrealist group. 10. This building is the Academy of San Carlos‚ the buildings architectural style is the neoclassical
Premium Diego Rivera Mexico Mexico City
Pursue Culturally Relevant Mission In The World However‚ on a more personal level we can break down the beliefs of Wimber farther. When we dive into the personal beliefs of Wimber it helps us get a better understanding of what his vision for the Vineyard was. Two of the key beliefs that really set his ministry were covered in two books that he wrote. That was 1. Power Evangelism 2. Everyone Gets to Play John Wimbers book Power Evangelism can
Premium Christianity Jesus Bible
Milton’s “Sonnet 19” and the two parables from the Bibles John Milton’s work “Sonnet 19” alludes to the two parables in the Bibles: “The Parable of the Talents” and The Parable of Workers in the Vineyard”. Milton’s allusion to the two parables shows how religious he is and conveys his religious thoughts: everyone has to serve God as well as his guilt and depression that he could not serve “his Maker” by creates poems anymore because he became blind. Moreover‚ as the parables is the story or message
Premium God Literary devices Spirituality
recently highly used by investors coming from developed market economies. A basic construction of EVA measure is clear from the following formula: EVAt = NOPATt – Ct x WACCt where NOPATt is Net Operating Profit After Tax‚ Ct is long term capital‚ WACC is Weighted Average Cost of Capital. If EVA > 0 than we can say a company is successful. This is the only case wealth of shareholders increases because they gain more than what their original investment was. The service to creditors is included there
Premium Net present value Weighted average cost of capital Free cash flow
equity market risk premium (EMRP) did you use? Why? c. What Beta did you use and how did you derive it? d. Which risk-free rate did you use? Why? e. Which capital-structure weights did you use? Why? 2. Judged against your WACC‚ how attractive is the Boeing 7E7 project? f. Under what circumstances is the project economically attractive? g. What does sensitivity analysis (your own and/or that shown in the case) reveal about the nature of Boeing’s gamble on
Premium Stock market Weighted average cost of capital