What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
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Sentiment and Social Intuition David Hume (1711-1776) believes that morality is based on sentiment‚ or feelings and emotions. In other words‚ when you feel that something is right or wrong‚ it is because you were taught that it was right or wrong. When researching Hume‚ I found the agent‚ receiver‚ and the spectator distinction: a product of earlier moral sense theories. The agent is the person that performs an action‚ the receiver is the person affected by the action‚ and the spectator is the
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Tich Miller The poem “Tich Miller” by Wendy Cope is about two schoolgirls named Tich Miller and Tubby. Tubby is explaining different incidents that she experienced in her youth‚ which caused quite some trauma for her and Tich Miller. We don’t know the gender of Tubby but I am assuming that Tubby is a girl. Tubby is telling us about how Tich and she always were the last persons to be picked for outdoor games. When the team had to pick players the last person to be picked was always Tich who stood
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Reggie Miller Reggie Miller. Record Breaking. Crippled. For most of you in the audience‚ when you think or talk of Reggie‚ 1 of 3 things comes to your head‚ UCLA‚ the Indiana Pacers‚ or 3 pointers. But did you know that as a child‚ Reggie was born with deformities in his hips that restricted his walking? I have been given the great honor of inducting Reggie into the Hall of Fame. Now I could talk about the statistics or the numbers Reggie put up‚ (and I will later) but I think I should tell you
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“Tich Miller” is a poem by Wendy Cope about bullying‚ vulnerability and lack of self-esteem. Both Tich and Tubby are unpopular and bully victims because of their lack of psychical skills and their appearance. Especially Tich Miller is odd-looking; “Tich Miller wore glasses with elastoplast-pink frames and had one foot three sizes larger than the other”1. The two girls are always the last to be chosen in sports‚ which fills
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Three things Miller cares about would include: a) The fact that God calls people in three ways: to a relationship with their Creator and to God’s people (primary calling)‚ to a mission (secondary calling)‚ and to a world of daily tasks with surprises (immediate calling) (p.38-39)‚ b) the SHAPE acronym and how all of it’s elements can provide clues to your life purpose (p.41)‚ and c) Having a mission statement helps us focus our lives in terms of our relationships with friends‚ family‚ coworkers and
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For my first required preformance‚ I went to see Rooted by Tim Miller. His preformance was basically a monologue onstage‚ which he gave a theatrical preformance to by using light and voice transitions. His role in the preformance was to tell us his story of his life‚ all while keeping us entertained and interested in it all. And I must say‚ he did an excellent job of it. One of the dominating aesthetic choices in this preformance was lighting. Since it was a one-man show‚ there was little room for
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towering mass of metal and glass‚ a lair of sorts where a community of creatures dwell within its walls. These creatures are known as “students” and are often considered a group of sub-humans due to their unusual nature. The locals call this place “Miller Hall‚” however its name is only spoken in whispers. Security is tight at the front doors and only few have ever been able to gain access to the inside without a key. You can gain access by coaxing one of the residents with food and alcohol (on occasion)
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under the old fashioned premise that “cash is king‚ and debt is bad”. As of late their capital structure has become a big issue amongst investors. They are concerned that the current unlevered structure is not maximizing value and are wary of the risks associated with the companies large and growing cash balances. Currently BBBY is facing the issue of trying to decide wether their current capital structure is optimal moving into the future‚ and if not‚ what decisions they need to make to achieve
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Herman miller long run recommendation For long term we regard that Herman miller need to continue the innovation strategy coz Herman miller have the outstanding team to renew and reinvent itself to adapt the changing market. First of all‚ Herman miller needs to design a new series for Asian people‚ coz as we all know HM’s products is famous for ergonomic chair that is design for human body‚ but the fact is the shape of Asian people is different from Western people‚ for example the average height
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