4645 5 13.4645 4.3605 1.2 0.792 8.019 5 13.019 4.131 1.5 0.99 7.5735 5 12.5735 3.9015 2 1.32 7.128 5 12.128 3.672 3 1.98 10.38693 cost of refinance 10.93542511 NPV CPP VALUE INC OP PRFT (CPP) NET OF TAX Rs. 13.38 NPV DEBT COVERAGE FCF (PINKERTON+CPP) CPP ORIGINAL TOTAL FCF(POST ACQ) DEBT SERVICE REQMT 16.60912 16.73458 16.03871 2 2.8 3.1 9.40854 10.77897 4.3 4.4 18.60912 19.53458 19.13871 13.70854 15.17897 13.91 13.4645 13.019 12.5735 12.128 POST DEBT FCF 2.3 4.699124 6.070076
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during the mid 1800’s men saw this as an opportunity to get rich quick by providing services that the public police did not. For example a man named Alan Pinkerton was asked to establish a railroad police agency whose primary duty was to look into the protection of the railroad‚ which the public police did not do. On top of this Alan Pinkerton was well known as the federal government at that time enlisted him to investigate counterfeiting and protect the Post Officer from robbery. His covert abilities
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Pinkerton (A) Assignment The assignment is twofold. First‚ to advise Tom Wathen as to whether he should buy Pinkerton for the asking price of $100 million. Second‚ regardless of your answer to #1‚ assuming that Wathen does buy Pinkerton‚ should he finance the purchase with Financing Alternative #1 (debt and equity financing from an investment firm) or Alternative #2 (all debt financing from a bank). The financing alternatives are discussed on page 4 of the case. You should do the discounted
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acquisition of Pinkerton in an effort to determine whether bids of $85 million to $100 million is value enhancing for CPP’s shareholders. Additionally‚ Wathen must choose between two financing options: (1) raising $100 Million via a $75 million debt structure at 11.5% interest rate together with a $25 million equity investment for a 45% stake in the combined company and (2) a $100 million debt facility at 13.5% interest rate. General Assumption. We assumed that Wackenhut is comparable to Pinkerton‚ and
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Thoma Bravo – Citect Corporation (HBS 9-209-022) Study Questions 1. Do you think TB or Schneider would create more value as the owner of Citect? 2. TB would assume what risks if they are the winning bidder? 3. Should TB continue to bid on Citect and at what price? Are the expected ROIs and IRRs to TB sufficient at your revised bid amount? (* note: a detailed evaluation model will be constructed during the class session *) Study Questions 1. Is Newell just another conglomerate? How
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Allan Pinkerton was a well known detective who owned his very own Secret Service Bureau in Ohio. Once the Civil War had started‚ Allan had moved his bureau to the Washington to help the Union government and generals. One of the first tasks that the Agency took was
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Case: Land Securities Group (A): Choosing Cost or Fair Value on Adoption of IFRS Case Number: 9-105-014 Topic: Financial Reporting and Control Description: A U.K. real estate firm‚ required to adopt international accounting standards (IAS) by 2005‚ must change the reporting of its primary asset (investment property) from the revaluation model under U.K. GAAP to either the cost or fair-value model under IAS. This would have a number of effects on European investment property firms‚ including
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Activity 2.2.4: It’s All in the Reflexes Introduction Although we are all different and have our unique identity‚ there are times when we behave in exactly the same way. We blink if something is headed toward our eyes. We pull our hands away quickly if we touch something hot or sharp. The automatic response of a muscle to a stimulus is called a reflex. This action is controlled by the human nervous system and is considered an involuntary response – it happens without our even having to think
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Law Enforcement and prosecution based programs are not part of the HB 3476. They have prosecutorial obligations that would eliminate any confidential agreements. They have dual responsibilities to victims and offender accountability within the laws that regulate them. Confidentially protections apply to services‚ communication‚ and records made before‚ on‚ or after passage of HB 3476. The second part to HB 3476 is creates an evidentiary privilege‚ which is referred to as “advocate privilege” (CITE)
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1. Should Robert McMillan roll out Autograph nationally? Why or why not Dear Mr. McMillan‚ In this e-mail‚ I will expose my opinion about the question whether or not to expand the Autograph on the national level. Summarizing all the information provided‚ I came to a conclusion that we should not roll out Autograph nationally at this point of time. Such a strong opinion of mine is mainly based on the point that I don’t think Progressive will make profit from this system. It is a very
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