Brocoum Courtney Delia Stephanie Doherty David Dubois Radu Oprea December 19th‚ 2009 Contents Objectives 1 Management Summary 1 Financial Health 1 Financial Forecast for 2002 and 2003 3 Key Driver Assumptions 5 Star River WACC 5 Free Cash Flows of the Packaging Machine Investment 7 Appendices 7 i. Objectives This report seeks to answer the following five questions about Star River Electronics Ltd.: 1. Assess the current financial health and recent financial performance
Premium Balance sheet Generally Accepted Accounting Principles Stock
(10 points) This strategy does not consider risk. 3. The NuPress Valet Company has an improved version of its hotel stand. The investment cost is expected to be 72 million dollars and will return 13.50 million dollars for 5 years in net cash flows. The ratio of debt to equity is 1 to 1. The cost of equity is 13%‚ the cost of debt is 9%‚ and the tax rate is 34%. What is the NPV of the project? (10 points) WACC = .5*13+.5*9*(1-.34) = 9.47% PMT = 13‚500‚000‚ i=9.47%‚ n=5‚ PV = ?; NPV = PV
Premium Cash flow Net present value Investment
Though many studies have emphasised the importance of outdoor free play on children’s social and emotional development‚ there has not been much research on how the lack of outdoor free play can affect children’s social and emotional development. Therefore‚ this research aims to investigate the following research question: How does the duration of outdoor free play affect the interaction skills of children ages three to four years old? Methodology/ Research Design For the purpose of this research
Premium Education High school School
The intervention program is called facilitated free play. The authors of the article are Yan Li‚ Robert J. Coplan‚ Yuemin Wang‚ Jingtong Yin‚ Jingjing Zhu‚ Zhuqing Gao and Linhui Li. The type of approach is client centered. The disorder areas include selective mutism because the participants exhibit extreme shyness. The program is designed for adolescents‚ however‚ the specific population for this study was 4-5 year-old Chinese boys and girls in the Shanghai public elementary school system. According
Premium Education High school School
bastard Edmond (along with the ghastly Goneril‚ Regan‚ and Cornwall)‚ the Macbeths‚ and the likebut it is also true of such characters as Bolingbroke in the Henriad plays‚ Cassius in Julius Caesar‚ Fortinbras in Hamlet‚ and Malcolm in Macbeth. Even victorious Henry VShakespeare’s most charismatic herodoes not substantially alter the plays’ overarching skepticism about the ethics of wielding authority. No one is more aware than the reformed wastrel
Premium Roman Republic Julius Caesar Augustus
principles of capital budgeting to invest in growth and cash flow improvement opportunities in three phases over 10 simulated years. Each opportunity has a unique financial profile and you must analyze the effects on working capital. Examples of opportunities include taking on new customers‚ capitalizing on supplier discounts‚ and reducing inventory. You must understand how the income statement‚ balance sheet‚ and statement of cash flows are interconnected and be able to analyze forecasted financial
Premium Revenue Cash flow Free cash flow
CHAPTER 26 MERGERS‚ LBOs‚ DIVESTITURES‚ AND HOLDING COMPANIES Please see the preface for information on the AACSB letter indicators (F‚ M‚ etc.) on the subject lines. True/False Easy: (26.1) Synergistic merger FU Answer: a EASY 1. In a merger with true synergies‚ the post-merger value exceeds the sum of the separate companies’ pre-merger values. a. True b. False (26.1) Sources of synergy FU Answer: a EASY 2. Synergistic benefits can arise from a number of different
Premium Net present value Free cash flow Cash flow
.................................................................................................... 5 3.3 Remedies to Agency Conflicts and their Costs ........................................................................... 5 3.4 Jensen’s Free Cash Flow Hypothesis .......................................................................................... 6 3.4 Using the Tobin’s Q ..................................................................................................................
Premium Principal-agent problem Free cash flow Corporate finance
their bundles to "triple play" and in some cases "quadruple play" offerings that combine fixed line and mobile telephone‚ internet and digital TV services. Commoditization and Pricing Pressure Because the companies’ services are so similar‚ they are increasingly competing based on price. Smaller companies will pop up and attempt to compete on a lower cost base. In the mid-2000s‚ companies such as Skype and other voice-over-internet providers offered services that were almost free. While lower prices
Premium Capital expenditure Operating expense Mergers and acquisitions
to shareholders (Garvey‚ G. T. and Swan‚ P. L. 1994). In other words‚ the dividend is the share of company profits for investors‚ to give for the investors a share of capital. Companies are able to distribute free cash flow by paying a dividend and trusts are able to distribute free cash flow by paying a distribution. Dividend policy refers to the decision by companies to pay out net profit or retained earning to shareholders as dividend or alternatively to reinvest those profits as retained earning
Premium Dividend Stock market Stock