0.28 0.48 0.42 Target D/D+S Target D/S Levered Beta 74% 2.85 1.62 Costs of Equity: Rf Lodging MRP 8.95% 7.43% Beta Requity 1.62 21.02% Costs of Debt: Rf Lodging 8.95% Spread Tax rate Rdebt(1-T) 1.10% 0.44 0.0563 WACCs: Lodging Target D/D+S Rdebt(1-T) S/D+S Requity WACC 74% 0.0563 26% 21.02% 9.63% Page 1 Sales Weighted Levered Beta 1.56
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Risk – Free Rate 3% + Beta Coefficient .36 Market Risk Premium 8% Cost of Equity 5.88% + Risk - Free Rate 3.% Weighted Cost of Equity 3.52% X Percentage of Total Capital Supplied by Equity 60% + Before Tax Cost of Debt 5.66% WACC 5..00% Weighted Cost of Debt 1.53% Before Tax Operating Profit in % 100% After Tax Cost of Debt 3.83% X X After Tax Operating Profit in 67.6% 40% of Total Capital Supplied by Debt 40% - Income Tax Rate 32.4% Rate of Return of
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buybacks and strong dividends. About 43.8% of the total capital of the company comes from debt and the remaining comes from equity. The cost of the different components of its capital structure are – debt: 2.92% (after-tax cost)‚ and equity: 9.49%. The WACC is 6.61%‚ based on the capital structure outlined. The effective tax rate is 35.4%. AT&T has had dividend growth for the last 25 years. The dividend growth this year was 2.5% and the last year was 12.7%. Dividends declared totalled $1.61 per share
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Fiat Customer Experience in the United States Introduction Fiat is an Italian car company headquartered in Turin‚ Italy. The parent company‚ Fiat SpA‚ owns many reputable car brands in the world including Alfa Romeo‚ Chrysler‚ Dodge‚ Ferrari‚ Jeep and Maserati (fiatspa.com). The company re-entered the US market in 2011 by purchasing a 20% stake in Chrysler. As of January‚ 2014‚ Fiat owns 100% of Chrysler (Sloan‚ 2014). It sells the Fiat 500 line in the US (fiatusa.com). The purpose of this paper
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Advertisement Analysis: Official Fiat 500 USA Commercial “Immigrants” Advertisements in the form of TV or online video commercials have become an important marketing tool for companies aiming to target large audiences in the last half-century. Today‚ TV and online video commercials are considered to be amongst the easiest and most effectual ways to approach large audiences at the same time to advertise companies‚ services or new products. In this report‚ the Official Fiat 500 USA Commercial “Immigrants”
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Integrated Marketing Communications Plan Fiat 500C Australian Launch 2010 By Amanda Thompson [pic] Table of Contents Background…………………………………………………………………………………2 Communication Objectives…………………………………………………………….. 3 Hierarchy of Effects………………………………………………………………..3 Target Market ………………………………………………………………………………4 Roy Morgan Definition of Target Market……………………………………...4 Characteristics of the target market for Fiat 500C IMC……………………4 Communications Tools
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processes‚ have access to wider resources‚ expand into new markets‚ get access to new technologies and know-how‚ develop advantages over competitors‚ as well as other possibilities. For instance‚ in this brief study‚ we will be tackling the 2009 Chrysler-Fiat strategic alliance; where the micro and macro environments of both firms will be held and
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WACC Weighted Average Cost of Capital Formula The WACC Weighted Average Cost of Capital formula is complex‚ and can be broken into several components. The individual component costs are provided in the following sections. WACC Weighted Average Cost of Capital Variables V=Firm Total Value (Debt + Preferred Shares + Common Equity + Retained Earnings) Md=Market Value of Debt Mp=Market Value of Preferred Shares Mc=Market Value of Common Equity Mr=Market Value of Retained Earnings K=Current
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Fiat GROUP IAS/IFRS First Time Adoption March 30‚ 2005 Disclaimer This document was prepared to provide a general overview of the impacts of IAS/IFRS on the accounts of Fiat Group during the transition from Italian GAAP to IAS/IFRS As provided for in IFRS 1 – First-time adoption of International Financial Reporting Standards – the information is prepared in accordance with IAS/IFRS published as of December 31‚ 2004 and applicable as of January 1‚ 2005 Information presented in this
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Fiat money can best be described as money given value by government‚ which in any other case would have no value at all. According to Freeman‚ anyone who desires a good can simply acquire fiat money‚ by work or other means‚ and exchange it for what they want. He believes fiat money to be easy to deal with and easily valued amongst both consumers and producers. He goes on to say “Fiat money can be a useful medium of exchange in this economy
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