1. (45 points) Calculate the value of Carborundum (on an aggregate and per share basis) using both the Free Cash Flow to Capital (FCFcap) and Free Cash Flow to Equity (FCFeq) methods. Use the following assumptions: Note: Rf=5.6%; MRP=8.8%‚ Carborundum’s levered beta (prior to deal)=1.16 FCFeq=Net Income + Non Cash Deductions-Capital Expenditures-Change in Net Working Capital-Debt Repayment+ Debt Issuances + Miscellaneous Extras Answer: Value of Kennecott using FCFcap is: $53.8 Value of Kennecott
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For Immediate Release: Sudden Departure of XYZ‚ LLC Chief Financial Officer XYZ‚ LLC is restructuring to compete in a difficult economy San Diego‚ October 5‚ 2011 – XYZ‚ LLC announced Alex Martin‚ the company’s Chief Financial Officer (CFO)‚ has resigned effective October 5‚ 2011. Alex Martin has replied no comment about the sudden departure‚ but XYZ‚ LLC reported he is pursuing other career opportunities. Industry experts speculate the resignation is due to the company’s impending financial
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Institution Baltimore Crisis The Baltimore crisis was a political episode that took place between the United States and Chile after the Chilean Civil War of 1891. The major cause of the crisis was a rising influence of the United States in the Pacific Coast region of Latin America in the 1890s. The crisis was because of the death of two navy sailors from the USS Baltimore who were stabbed
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Copper vs Fiber Some advantages of Copper Cabling are Power over Ethernet this gives you the ability to power phones‚ surveillance cameras‚ Wireless Access Points‚ and many other devices right through the networking cable itself. That means that you don’t have to schedule an electrician in to run power to your surveillance cameras to power them. Another advantage is the ability to have an emergency power supply that will continue powering mission critical devices even if your electricity goes
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When you mix copper‚ silver‚ and nitrate together‚ you will end up with silver nitrate solution will turn blue (it has become copper nitrate). On the piece of copper‚ there would be a coating of solid silver. If a chemical reaction is going to be observed when chemicals are mixed‚ heated or any other means of altering the substance‚ then we will be able to predict the products formed. If it is observed that in the original versus the changed substance no new substances are formed‚ the change is reversible
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Copper was the first metal that is used by humans as weapons and tools. It is shinny and has a reddish brown color. It’s application toward humans has really changed the way we live. Copper is an excellent conductor of electricity‚ which is often used as electrical wires or cables in generators‚ motors and electric products. In addition‚ it is also an outstanding conductor of heat‚ which is used in radiators and heating systems. Since it does not react with water and corrode easily‚ it is widely
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are warned not to go into the forest because of savages They spend a winter in their new home Robert becomes friends with Andrew Watson By Spring Jamie dad decides to stay in Cutwater because their store is successful and they feel welcomed Chapter 3 Jamie has fun playing with a seal Supply ships would come in with their orders. One trader told of the news of savages causing trouble everywhere Jamie received a copper flute as a gift from overseas Jamie sees a spiral of smoke coming from the hills Jamie
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from $19.10 in 1999 to $90.80 by the end of 2000. Enron’s top management answered to a Board of Directors whose responsibility was to question and challenge new partnerships‚ ventures‚ and decisions within the company. On several occasions‚ Andrew Fastow‚ the company’s Chief Financial Officer approached the board of directors with new investment partnerships which the board approved with very little questioning. Some of these partnerships created a conflict of interest due to the fact that
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Identification of a Copper Compound by Percent Mass Unknown Compound: #9 Abstract: The objective of this experiment was to identify the unknown pure copper salt compound of #9. To do this‚ the mass of copper in the unknown was calculated and then divided by the mass of the whole compound to get the percent copper. The molecular weight was also calculated by dividing mass of copper compound used by moles of compound in unknown sample. The percent copper averaged out to 31.6% while the molecular
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Reduppity Reduppity By : A. J. Enperson A rich girl tries to beat the odds in a game where the winner dies. Published on booksie.com/A. J. Enperson Copyright © A. J. Enperson‚ 2013 Publish your writing on Booksie.com. Reduppity 1 Reduppity Reduppity "One‚ two‚ three‚ Reduppity‚" the whole room yelled and then the four figures in the circle threw down their five cards. Riley scanned her hand and fought down the rising panic. "Seven‚ king‚ three‚ ten‚ and another seven
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