513 Interest Expenses 3‚587 3‚042 2‚324 1‚507 599 Interest * Tax rate 1255.45 1064.7 813.4 527.45 209.65 TV1999 = 10513 + (10513*1.02)/(10.56%-2% ) = $135.81 Million Vunlevered = Net present value of future operating cash flow = $ 110.9 million. The firm cost of debt: Rd = 9% + 1.5% = 10.5% V taxshield= Net present value of interest tax savings = $3 million Fair market value of the firm = 110.9+ 3 = $113.9 M Operating cash flow using management case projections: This case yields very high
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_______________ 1. What is the net present value of a project with the following cash flows if the discount rate is 14 percent? [pic] A. -$3‚140.43 B. -$929.90 C. $247.181 D. $1‚027.67 E. $1‚127.08 2. Timothy is considering an investment of $10‚000. This investment is supposedly going to provide him with cash inflows of $2‚500 in the first year and $6‚000 a year for the following 2 years. At a discount rate of zero percent this investment has a net present value (NPV) of _____
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Sport: Volleyball Skill: How to spike a volleyball Equipment: Volleyball and volleyball net Directions: 1. Stretch your arms and legs for 10-20 seconds each before starting. This will reduce your risk of pulling a muscle or injuring yourself. 2. Position yourself behind the 10-foot line (attack line)‚ which is the line that is about 4 feet away from the net. If you have long legs or take bigger steps‚ stand a little farther back. If you are left handed‚ you may want to spike on the right
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8. Year 0 Year 1 Year 2 Taxable income $9‚100 $10‚250 $15‚300 Marginal tax rate .30 .30 .30 Tax $2‚730 $3‚075 $4‚590 Revenue $13‚000 $16‚250 $23‚400 Expenses (4‚250) (8‚000) (8‚100) Tax cost (2‚730) (3‚075) (4‚590) Net cash flow $6‚020 $5‚175 $10‚710 Discount factor (6%) .943 .890 Present value $6‚020 $4‚880 $9‚532 NPV $20‚432 11. a. Year 0 Year 1 Year 2 Year 3 Year 4 Before-tax cash flow $(500‚000) $52‚500 $47‚500 $35‚500 $530‚500 Tax cost (7‚875)
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HKU178 op y 01/24/02 Japan Net Bank: Japan ’s First Internet-only Bank Yoshiyuki Miyai had a vision. He wanted to establish a completely new standard of banking in Japan – that of Internet-only banking. As president of Japan Net Bank (JNB)‚ the first Japanese online bank with no physical branches‚ Miyai emphasised that customer satisfaction should be the focus of JNB ’s business – his customers should enjoy convenient access to accounts‚ competitive rates‚ customisation and secure
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Online Shopping Safety TITLE: “Tips for Online Shopping Safety” EXACT PURPOSE: To educate my listeners on the do’s and don’ts while shopping online to ensure their financial safety. INTRODUCTION: We are almost into summer and before we know it we will be right back into the holidays! How many of you own a tablet or a smart phone? How many of you find yourself using these devices more and more as you realize how much they are capable of doing? The rapid growth of these technologies is providing
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TCO B Questions 1. (TCO C) The following overhead data are for a department of a large company. Actual costs Static Incurred budget Activity level (in units) 800 750 Variable costs: Indirect materials $6‚850 $6‚600 Electricity $1‚312
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of the safety and welfare measures in BHEL in the analysis the author traces that‚ providing proper safety and welfare measures to the employees will increase the efficiency in their working environment and also helps in betterment of the organizations in terms of profit gaining and increase in productivity. Ritiesh (1995) analyzed the safety and welfare measures in a large manufacturing plant in India form the leading college in Coimbatore city. The organization provides various safety and welfare
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international Internet banks 4 3. Japan Net Bank’s competitive advantages 5 3.1.24/7 availability 5 3.2.Competitive interest rate 5 3.3.Customized services 5 3.4.Confidentiality of usage 5 3.5.Flexible organization and IT system 6 4. Strategic alliances to develop 6 4.1.Shareholder alliance 6 4.2.Global strategic alliances 6 4.3.Non-shareholding alliances 7 5. Conclusion 7 Introduction This report was commissioned by Japan Net Bank (JNB) senior managers to gather comprehensive
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Assignment 306 Understand health and safety in social care settings Task A Presentation You have been asked to contribute to an induction day for new staff. You are to prepare a presentation about Health and Safety. It must include the following: Ai A list of the key legislation relating to health and safety in a social care setting. Task A A1. • Health and Safety at Work Act 1974 • Medicines Act 1968 • Misuse of Drugs Act 1971 • Hazardous Wastes Regulations 2005 • Personal Protective Equipment
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