for lodging division = 9.25% WACC for restaurant division = 13.84% WACC for Marriott’s contract division = 23.07% Market Value Leverage D/V Beta βs Tax Rate τ Unlevered Beta = βs / (1 + (1 – τ) D/E) Hilton 14.00 0.76 44.00 0.70 Holiday 79.00 1.35 44.00 0.43 La Quinta 69.00 0.89 44.00 0.40 Ramada 65.00 1.36 44.00 0.67 Total Average Unlevered Beta 0.55 βu = 0.55 Cost of Equity Using the target debt ratio of 74%: βTs = βu (1 + (1 - τ) D/E) βTs = .55 (1 + (1 - .44)(.74/.26)) βTs = 1.427
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IAN novel writing in English is a living and evolving literary genre. It is richer in content‚ wider and variegated in range. Before Independence‚ their subject matter was inescapably political but after Independence a clear shift has been marked in their focus and one can easily find that human relationships‚ social issues‚ gender equations and other important issues like futility of existence‚ alienation‚ Diaspora and psychosomatic issues have become the main concerns of the novelists. Not only
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1 Describe the graphical coordinate system in Java. Where is the origin? What units apply to the x‚y coordinates? Java AWT Graphic component is different with respect to x and y coordinate that we have learnt in math. It defines its own coordinate system to specify where and how drawing operation will take place. Here the origin (0‚0) is at the top left corner of the component. Here X coordinate increases as we move right and Y coordinate increases as we move down. . The units for X and Y is in
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Chapter 13 Answers to Exercises 1. Identify three objects that might belong to each of the following classes: a. Automobile b. NovelAuthor c. CollegeCourse The students will have a variety of answers for these questions. Some examples might be: a. myRedChevroletCamaro‚ theBlackfordMustangWithTheDentThatBobDrives‚ thePorschee911ThatDonaldTrumpOwns b. Terry Brooks‚ Steven King‚ Ray Bradbury c. English Composition‚ Calculus‚ Physics 2. Identify three different classes that might contain
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Smbd – Assignment 4 Submitted to Prof. Ishwar Murthy 1 Introduction Mr. Debashish Chatterjee‚ owner of hotel Aria‚ is working on room booking policy to maximize the revenues. And specifically‚ he is working on the weekend operations in which the number of bookings are maximum. There are two types of bookings‚ Class I – One day bookings which start from SAT noon to SUN noon or SUN noon to MON noon and Class II – Two day bookings which start from SAT noon to SUN noon. The tariff of Class I booking
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Please use the capital asset pricing model to estimate the cost of equity. At the date of the case‚ the 74 over T-bonds. Which beta‚ risk-free rate‚ and risk premium did you use? Why? Financing Components Debt Equity Market Values Weight Cost of Capital (After Tax) $ 6‚823‚736‚197 0.85 3.72% $ 1‚176‚263‚803 0.15 28.18% Total: $ 8‚000‚000‚000 1.00 WACC WACC Inputs: Beta: Risk-Free Rate: Market Risk Premium: Pre-tax Cost of Debt: Income Tax Rate: Exhibit 2 - 2002 Balance Sheet Information: Debt
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Hieu Nguyen – FIN 5309 Section 1 Assignment 1 2.3 Table 2.2 X=0 X=1 Total Y=0 0.15 0.07 0.22 Y=1 0.15 0.63 0.78 Total 0.30 0.70 1.00 With W = 3+6X and V = 20-7Y‚ we have: (W|X=0)=3 (W|X=1)=9 Total (V|Y=0)=20 0.15 0.07 0.22 (V|Y=1)=13 0.15 0.63 0.78 Total 0.30 0.70 1.00 a. E(W) = 3 x 0.3 + 9 x 0.7 = 7.2 E(V) = 20 x 0.22 + 13 x 0.78 = 14.54 b. = (3 – 7.2)2 x 0.3 + (9 - 7.2)2 x 0.7 = 7.56 = (20 – 14.54)2 x 0.22 + (13 – 14.54)2 x 0.78 = 8.4084 c. cov
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Q.1a) The following graph is EOQ model with planned shortages. Let the parameters from the basic EOQ model. d = constant demand rate K = setup cost for placing one order Q = order quantity h = inventory holding cost per unit of product per unit of time p = shortage cost per unit of product per unit of time S = inventory level just after an order of size Q arrives So‚ Q– S = Shortage in inventory just before an order of Q units is added Production or ordering cost per
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Q1. Based on the data in case Exhibit I‚ what inferences can be drawn from the survey responses regarding the herbal shampoo category? As per Exhibit 1 the following inferences can be drawn from the survey regarding herbal shampoo category: * The respondents felt that herbal shampoos need to be used in large quantity for lather and that the protein content is important for making hair strong‚ shiny and soft. * Respondents chose their shampoo based on their hair type and texture. * They feel that
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Seligram Case Study Presented To: Dr. Khaled Hegazy Presented By: Mona Abdallah Student ID: 131239 Question 1: What caused the existing system at ETO to fail? The existing cost system failed because of four main reasons. 1-The existing cost system is related to direct labor hour. One cost pool used for cost allocation under assumption: All product lots use direct labor and Overhead in the same proportion. 2- Cost system doesn’t match the complex business model. 3- New trends in
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