Michelle (Shu Yu) Chen FNCE 174 May 18th‚ 2015 Harmonic Hearing Case Study 1.) Please refer to the spreadsheet for the FCF model. Under the debt scenario‚ the terminal value of the company is $45‚289‚826. Under the equity scenario‚ the terminal value of the company is $106‚237‚503.48. For all debt‚ there will be a $13M cash outflow to buy back the building‚ a $7.25 M cash outflow to pay back the mortgage to Collin Bank of Commerce and Bank of McKinney‚ and a $500k purchase of equipment. For all
Premium Cash flow Net present value Internal rate of return
mon bENTLEY UNIVERSITY | Harmonic Hearing Co. | Case Analysis | | Yijing Zhou | 2013/3/26 | | Issue Burns and Irvine need $28.3 million to purchase Harmonic from its founder and complete and launch the new hearing aid. They have to determine the costs and benefits of different financing alternatives and‚ finally‚ select the optimal financing package in terms of expense‚ expected return to investment and financial flexibility. Analytical approach Unlevered free cash flows to
Premium Net present value Free cash flow Cash flow
Harmonic Hearing Co. Case Recommendation Under the two circumstances presented‚ I recommend that Harriet Burns and Richard Irvine should finance the purchase of Harmonic Hearing Co. through the deal proposed by the private equity firm‚ Comet Capital. This proposal best aligns with Burns and Irvine’s goal to select an option that offers the “best combination of cost‚ expected return of their ownership interest and financial flexibility.” To evaluate the two alternatives‚ a comparison
Premium Investment Cash flow Internal rate of return
MARKET PREDICTIONS Hearing Journal: December 2012 - Volume 65 - Issue 12 - p 14–16 Hearing Industries Association - “The current unit sales in the US are below my expectation of [approximately] five percent‚” observed Oliver Metzger‚ a life sciences equity analyst at Commerzbank AG in Frankfurt‚ Germany‚ who tracks hearing aid stocks. “I had imagined that the market growth would increase in units after it had grown only by [about] three percent in units in 2011 and after [the first quarter]
Premium Audiology Otology Hearing
circuit ideas Hearing aid IVEDI S.C. DW T.K. Hareendran T his low-cost‚ general-purpose electronic hearing aid works off 3V DC (2x1.5V battery). In this circuit‚ transistor T1 and associated components form the audio signal preamplifier for the acoustic signals picked up by the condenser microphone and converted into corresponding electrical signals. Resistor R5 and capacitor C3 decouple the power supply of the preamplifier stage. Resistor R1 biases the internal circuit of
Premium Microphone Vacuum tube
diagnosed with hearing impairment has increased tremendously. This hearing impaired population are looking for a solution to help them in their daily life communication. The existing hearing aids in the market are cosmetically unappealing and fail to deliver the sound quality that meet users’ expectation. Problem statement Oticon‚ a Denmark based hearing aid manufacturer‚ believes in the potential of hearing aid industry in Malaysia. Oticon would like to bring in the Denmark hearing instrument technology
Premium Audiology Otology Marketing
A. How has a hearing aid ‚ an energy sensing device‚ affected the way people sense energy? B. The hearing aid amplifies sound energy that comes into contact to the hearing aid. There are two types of hearing loss. 1. Sensorial hearing loss. This hearing loss is caused by damage to the cochlea‚ infections‚ genes‚ head trauma‚ exposure to loud noises or fluid buildup in the inner ear. This is the hearing loss that hearing aids can help with. 2. Conductive hearing loss. This occurs when sound does
Premium Ear Auditory system Sound
The hearing aid industry is not an emerging industry anymore but by no means is it at a mature stage. The industry is still growing for several reasons. Aging is the most important cause of hearing impairment and the world population is aging very quickly. Also over exposure to high decibel sounds is driving up the number of hearing impaired people. Moreover‚ demand from emerging markets is growing as GPD per capita and life expectancy increase. Technology innovations that improve product quality
Premium Life expectancy Innovation Competition
fulfilled that dream. That was the case for me because I had never actually though that I would really make it into a nationally high ranked university. I never even had the motivation because no one person in my family has ever graduated from a major university. Even though I had the necessary resources to help me with my transition to Post-Secondary learning‚ I believe that colleges should make the admission process much easier to deal with from a financial standpoint. For example‚ colleges should
Free University College High school
A Hearing Aid Might Be The Solution For Your Tinnitus Hearing loss and tinnitus often go together. Tinnitus is a ringing or whooshing sound heard inside your ear. Since the sounds originate inside of your ear‚ they are much more noticeable when external sounds are muted due to hearing loss. One possible solution to the problem is to wear a hearing aid. Here’s how it may help. Drown Out Tinnitus By Amplifying External Noise A hearing aid is a sound amplification device. When you wear one‚ the
Premium Psychology Brain Cochlea