MATERIALS RESOURCES INVENTORY PAPERWORK ON RENEWABLE ENERGY SOURCES IN NIGERIA EDICTED BY STANLEY Renewable energy is derived from natural processes that are replenished constantly. In its various forms‚ it derives directly from the sun‚ or from heat generated deep within the earth. Included in the definition is electricity and heat generated from solar‚ wind‚ ocean‚ hydropower‚ biomass‚ geothermal resources‚ and biofuels and hydrogen derived from renewable resources. Considering
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------------------------------------------------- Mineral And Energy Resources ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Top of Form Almost all Earth Materials are used by humans for something. We require metals for making machines‚ sands and gravels for making roads and buildings‚ sand for making computer chips‚ limestone and gypsum
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Janet Mortensen‚ senior vice president of project finance at Midland Energy Resources‚ is in the process of preparing her annual cost of capital estimates for Midland and each of its three divisions (oil and gas exploration and production (E&P)‚ refining and marketing (R&M)‚ and petrochemicals). These estimates are used in many analyses within Midland‚ including capital budgeting decisions‚ financial accounting‚ performance appraisals‚ M&A proposals‚ and stock repurchase decisions. There has been
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Midland Energy Resources 1. For what purposes does Mortensen estimate Midland’s cost of capital? What would be the potential consequences of a too high estimate compared to the firm’s “true” cost of capital? What about a too low estimate? Estimates of the cost of capital were used in many analyses within Midland‚ including asset appraisals for both capital budgeting and financial accounting‚ performance assessments‚ M&A proposals‚ and stock repurchase decisions. Moreover‚ depending
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more renewable energy is an ideal method to tackle the problems‚ reduce the global warming effect and provide a better living standard. The nation all over the world has investigated the method to less rely on the fossil fuel. Hong Kong‚ being a part of the world‚ should also take the responsibility to do so. Many may wonder is Hong Kong potential enough to use more renewable energy? The answer is simple-why isn’t it? Renewable Energy in Hong Kong There are many types of renewable energy‚ hydropower
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Midland Energy Resources‚ Inc.: Cost of Capital Background Information: ➢ Janet Mortensen‚ Senior vice preside of project finance for Midland Energy Resources ➢ Midland Has three divisions o Exploring and Production(E&P) o Refining and Marketing (R&M) o Petrochemicals ➢ 2006 Operating Revenue-$248.5 billion Operating Income- $42.2 billion ➢ Estimated Cost of Capital used to analyses o Asset appraisal for capital budgeting o
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Answer Case Study 2 Midland Energy Resources (as a whole company) According to the article‚ the beta of Midland Energy is 1.25. beta=1.25 cost of equity re = rf + beta * (EMRPs) EMRPs = 5.0% We assume that the company will run for next 30years‚ so the rate of risk free is 4.98% rf = 4.98% Cost of Equity: rE = rf + beta * (EMRPs) = 4.98% + 1.25 * 5% = 11.23% Market Value of Equity = $134114m (Exhibit 5) Cost of Debt 30years‚ rD = rf + spread to treasury = 4.98% + 1.62% = 6.60% Market
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Midland Energy Resources Midland Energy Resources is a fully integrated energy company with operations in E&P‚ Refining & Marketing (R&M) and Petrochemicals. Capital budgeting at Midland is done using discounted cash flow method and weighted average cost of capital (rwacc). Corporate Weighted Average Cost of Capital‚ rwacc The primary use of the corporate rwacc is valuation (TV=FCF/(rwacc-g)). While the rwacc may be used for evaluating internal projects‚ the usage will be incorrect owing to the
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does Midland determine that shares are undervalues? Midland Energy Resources determine that the shares are undervalued with a comparing from the intrinsic value of the shares and the actual stock price. The intrinsic value can be computed with the fundamental value of the enterprise minus the market value of debts divided per the number of shares outstanding. For calculate the fundamental value of the enterprise‚ Midland Energy Resources has to sum up all discounted future net cash flows of the firm
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Natural Resources and Energy Paper Natural ecosystem is a natural unit consisting of all plants‚ animals‚ and microorganism in an area functioning together with all the non-living physical of the environment which plants and animals are dependent upon one another‚ and their particular surroundings-for survival. Natural ecosystems make up the planet on which we live as well as the entire universe. They are dynamic and interconnected. An ecosystem is a collection of all plants‚ animals‚ microorganisms
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