decision to make. He must decide if he should invest in property and build the “Citic Tower II”. Under the current conditions‚ the current net present value is negative‚ which is one of the factors that Larry is using to decide. Another concern is that the commercial real estate market is very cyclical in the area. Also‚ with the current economic conditions‚ there is not really a guarantee that the “Citic Tower II” will survive in the area‚ which another concern for Larry Yung. In terms of the positives
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CITIC TOWER II: THE REAL OPTION CASE STUDY SUMMARY Scenario * Undeveloped prime waterfront property on Victoria Harbor was bought 6 months ago at public auction * Owner now wants to sell the land and is available to Citic Pacific Limited on a first-choice basis through an intermediary * Larry Yung (Chairman) thought they could acquire the site and turn it into another Grade-A office building “Citic Tower II” * Asking price of the land was $1 billion * Net present value of property
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Lawrence Wright’s‚ The Looming Tower: Al-Qaeda and the Road to 9/11.: Outline I. Introduction A. An overview of the book II. Discussion A. Discussion on the issues covered by the book. III. Conclusion and recommendations A. This part of the report will cover an overview of the books strengths‚ weaknesses‚ and recommendations. Introduction Wright has a special way of explaining things. When reading this book‚ a reader need not have a background knowledge on terrorism
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THE EIFFEL TOWER The Eiffel Tower a symbol of Paris and France was built in1889. It is affectionately known as "Iron Lady". It rises 324 meters above the city. It was designed and built by an engineer Gustave Eiffel. It weighs in excess of 10000 tonnes and is made up of 18000 individual metal sections assembled using 2500000 rivets. The tower had three levels for the visitors to climb either by using stairs or elevator . It has nearly 300 steps from ground to the first level. The First and Second
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The Corporate Culture in South Korea Business in the XXI century is becoming more and more global‚ international; we find new partners in various‚ sometimes very exotic parts of the world. It is all possible thanks to the common language (assuming that "everybody" knows English)‚ good and fast transportation and new ways of communication‚ like for example Internet. We are learning from each other and trying to adjust to new situations‚ although the differences are often much greater than just
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The Tower of London There are many famous historic places in the world‚ and there are especially many historic places in England. The city of London‚ England‚ is a city of history dating back to the Roman Empire. London has famous cathedrals‚ castles‚ squares‚ and other sites of historical significance. One of the oldest‚ and the most famous‚ castle in London is the Tower of London. The Tower has stood for 907 years as a symbol of power of the English monarchy (Fletcher Internet). The Tower
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The Ivory Tower It rose up inside of me; the sense of fear was undeniable‚ as if it were a penned bull being taunted and ready to charge. The Clean‚ sickly‚ astringent smell that clung to the air made me feel nauseated. Sweat dripped in beads down my forehead‚ as my eyes darted around the room trying to catch any sign of movement. My heart beat furiously in my chest‚ convulsing with every movement. Goosebumps suddenly rose on the back of my neck as I noticed the leather straps binding me to the
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TOWER OF LONDON -RUTHLESS EXECTOR OF STATE POWER- In the early 1080s‚ William the Conqueror began to build a massive stone tower at the center of his London fortress. Nothing like it had ever been seen before. MURDER AT THE TOWER The most famous legend is the one about two boys: Richard Duke of York and his brother Edward V. According to Tudor historians‚ Richard‚ Duke of Gloucester invented a story declaring the boys illegitimate and convinced the Parliament that they can’t
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CRITIQUE: SEARS TOWER I remember being passionate about the design of a certain building standing in the heart of the United States of America when I was 14-15 years old. Well‚ I still am. There is something romantic about this building- its tall frame‚ its minimal design‚ the elegant black bands running around the building‚ the use of tinted black aluminum curtain with bronze tinted glazing‚ the bundled tubular form etc etc. I have always been a fan of minimalism‚ courtesy Mies Van Der Rohe
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Local Literature Game Development in the Philippines may just be an infant but it is a fast growing industry. These articles tells us where our own gaming industry went so far. In 2007‚ GDAP was formed in order to promote the interests of the Philippine game development industry. To date‚ it has more than 30 members consisting of schools‚ universities‚ and companies. One of its members is Anino Games‚ the oldest still-running Philippine game development studio‚ which is around a decade old.
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