CHAPTER 5 Net Present Value and Other Investment Criteria Answers to Problem Sets 1. a. A = 3 years‚ B = 2 years‚ C = 3 years b. B c. A‚ B‚ and C d. B and C (NPVB = $3‚378; NPVC = $2‚405) e. True f. It will accept no negative-NPV projects but will turn down some with positive NPVs. A project can have positive NPV if all future cash flows are considered but still do not meet the stated cutoff period. 2. Given the cash flows C0‚ C1‚ . . . ‚ CT
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Present Value is the current worth of a future sum of money or stream of cash flows given a specified rate of return. Future cash flows are discounted at the discount rate‚ and the higher the discount rate‚ the lower the present value of the future cash flows. Determining the appropriate discount rate is the key to properly valuing future cash flows‚ whether they be earnings or obligations. Present Value of annuity is a series of equal payments or receipts that occur at evenly spaced intervals
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DBQ With the era of American Reconstruction in America during the mid to late 1800’s came a sense of opportunity and hope for its people. America was on the move as nation‚ railroads being built faster than ever and the freedmen looking to find their niche in society. Although in the beginning the government provided support for these new citizens‚ efforts toward reconstruction faded as the years passed. Those efforts faded to a point where they were all but nonexistent‚ and with the unwritten Compromise
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This paper is by Anupam Basu The term ‘failure’ here will be discussed in the context of replacement decisions. There are two types of failure: (1) Gradual failure‚ and (2) Sudden failure. Gradual Failure Gradual failure is progressive in nature. That is‚ as the life of an item increases‚ its operational efficiency also deteriorates resulting in Increased running (maintenance and operating) costs. Decrease in its productivity. Decrease in the resale or salvage value. Mechanical
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The Simple Present Tense-Expresses a habit or often repeated action. Adverbs of frequency such as‚ often‚ seldom‚ sometimes‚ never‚ etc. are used with this tense. Also expresses general truths. Ex. They always eat lunch together. Snow falls in December in Minnesota The Present Progressive-This tense is used to describe an action that is occurring right now (at this moment‚ today‚ this year‚ etc.). occurring in the present‚ but is temporary. Ex. She is typing a paper for her class. John
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Situation Read the closing case “Billabong.” This case explores the implications of changing currency values on the profits of Australian retailer Billabong. Billabong relies on the U.S. market for a significant share of its total sales. Consequently‚ the company must continually monitor and adapt to the changing relationship between the Australian dollar and the U.S. dollar. Explore the implications of changing currency values on the profits of Australian retailer Billabong from the Why does
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Hoàng Thu Phúc 6. Trần Thị Minh Hiệp Introduction While the English language has past and present tenses‚ it does not have a future tense because there is no particle for it. To say what will happen in the future‚ you can use the modal auxiliary will (plus the base form of the main verb)‚ the verb phrase be going to (plus the base form of the main verb‚ the present simple or the present progressive‚ etc… But‚ be careful! There are times when one is preferred over the others. We can accept that
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GRAMMAR: The Simple Present and Present Progressive Tenses: Present Simple: a. We can use the simple present to talk about actions or states in the future. (Ex: 5) b. We use the simple present to talk about states‚ habitual‚ actions‚ facts‚ and things that are generally considered to be true. (Ex: 1‚ 2‚ 3‚ 4) c. We use the simple present with adverbs of frequency to talk about how often states and actions occur تحدث . (Ex: 6) Present Progressive: d. We
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learningaction that started in the past and is still going on now‚ emphasis is put on the duration (signal word: for seven years) - Present Perfect Progressive[pic] [pic]English for seven years now. 2. But last year I was not working[pic] hard enough for English‚ that’s why my marks were not1st verb: you can either use past progressive or simple past. a) Past Progressive: puts emphasis on the duration b) Simple Past: puts emphasis on the fact 2nd verb: a fact in the past - Simple
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CELTA Pre-Course Task Section 1: Learners and teachers‚ and the Learning and Teaching Context Task 1 1. The context in which I will be doing the CELTA course is likely to be multilingual and an open group of students. Lessons are most likely to be conducted in groups and of a similar ability given that classes are divided into levels. 2. I do not know what context I will be teaching in after I finish the course but I would like to teach a wide range of groups in a number of different
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