fully depreciates all of its rental cars over five years using the straight-line method. The firm expects the fleet of 25 cars to generate $100‚000 per year in earnings before taxes and depreciation for five years. Hertz is an all-equity firm in the 34-percent tax bracket. The required return on the firm’s unlevered equity is 10 percent‚ and the new fleet will not add to the risk of the firm. a. What is the maximum price that Hertz should be willing to pay for the new fleet of cars if it remains
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Homeschooling Have you ever thought about teaching your kids at home? When children become of age and it is time for them to start school‚ many parents question what is best for their child’s education. Nowadays parents choose to homeschool their own children instead of sending them to traditional public or private schools. Homeschooling is an educational method of teaching children at home or in another non-school setting. The number of children whose parents choose to educate them at home rather
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resident program are of 31 percent and eligible candidates for the non-resident program are of 39 percent. This report also includes 28 percent of current candidates‚ 31 percent of in-training drop-out candidates‚ 34 percent of non-placed candidates‚ 30 percent of placed candidates‚ 34 percent of post placed drop-out candidates and 40 percent of prospects candidates. The report includes 14 percent of candidates belong to Scheduled Tribe in which 12 percent of them are male and 17 percent of them
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percent and the cost of equity is 18 percent. What is the firm’s debt-equity ratio? | 0.76 | | 0.82 | | 0.79 | | 0.87 | | 0.72 | 2. Johnson Tire Distributors has an unlevered cost of capital of 11 percent‚ a tax rate of 34 percent‚ and expected earnings before interest and taxes of $1‚400. The company has $2‚700 in bonds outstanding that have an 8 percent coupon and pay interest annually. The bonds are selling at par value. What is the cost of equity? | 8.27 percent
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expecting. When the monster is brought to life the doctor says “I had desired it with an ardour that far exceeded moderation; but now that I had finished‚ the beauty of the dream vanished‚ and the breathless horror and disgust had filled my heart" (Shelley 34). Dr. Frankenstein is very selfish because he flees and does not take full responsibility of his creation. When Dr. Frankenstein was in the process of shaping his creation his intentions were naïve. He did not imagine that when he brought his creation
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This is a professional and in-depth study on the current state of the Nylon-MXD6 industry in Global and China. The report provides a basic overview of the industry including definitions‚ applications and industry chain structure. Global market analysis and Chinese domestic market analysis are provided with a focus on history‚ developments‚ trends and competitive landscape of the market. A comparison between the international and Chinese situation is also offered. The report also focuses on development
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2-8 (Key Question) With current technology‚ suppose a firm is producing 400 loaves of banana bread daily. Also‚ assume that the least-cost combination of resources in producing those loaves is 5 units of labor‚ 7 units of land‚ 2 units of capital‚ and 1 unit of entrepreneurial ability‚ selling at prices of $40‚ $60‚ $60‚ and $20‚ respectively. If the firm can sell these 400 units at $2 per unit‚ will it continue to produce banana bread? If this firm’s situation is typical for the other makers
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IB Mathemetics SL Portfolio: Logarithmic Bases In this portfolio task‚ I will investigate the rules of logarithms by identifying the logarithmic sequences. After identifying the pattern‚ I will produce a general statement which defines the sequence. I will then test the validity of my general statement by using other values. I will finally conclude the portfolio task by explaining how I arrived to my general statement and its limitations. Consider the following sequences. Write down the next
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1. ACKERMANS 2.1 Ackermans was founded in 1916 by Gus Ackermans‚ the father of Raymond Ackermans. By the end of 1970s the Ackermans chain was sold to Edgars who maintained its highly successful price –discounter position until the chain of 34 was acquired by Pepkor (owner of Pep stores) in 1986. At the end of 2009‚ Ackermans had over 450 stores in South Africa‚ Namibia and Botswana and employed over 3600 staff and was set to exceed R4-billion in turnover. As part of Pepkor group‚ Ackermans
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REGULATORY AUTHORITY.—The term ‘‘appropriate State regulatory authority’’ means the State agency or other authority responsible for the licensure or other regulation of the practice of accounting in the State or States VerDate 11-MAY-2000 09:34 Sep 09‚ 2004 Jkt
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