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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Machiavelli wrote The Prince as an instructional manual for a Renaissance ruler. The Prince is a mixture of practical‚ “real” advice and theoretical‚ “ideal” advice for the ruler operating under the best conditions. If you were about to become the ruler of your own country‚ which parts of Machiavelli’s advice do you think would still apply in the modern world? In your answer‚ explain and justify what advice you would personally keep and what you would disregard as a neophyte ruler. Niccolo
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Icon of the Eiffel Tower The Eiffel Tower is one of the most attracted architectural icons in the world. This structure was not meant to be permanent‚ in fact it was only intended to be a temporary exhibit. The tower was built with exquisite arch features made out of iron that was admired for its pleasing symmetry. The statistics behind the Eiffel tower are intriguing. The Eiffel Tower achieved the historical record for being the world’s tallest building up until 1931. The Tower was also used as a
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Construction of The Eiffel Tower Introduction The Eiffel Tower is a freestanding framework tower (lattice tower) located on the Champ de Mars in Paris‚ France. It was named after it’s Chief Designer/Engineer Alexandre Gustave Eiffel and is the most-visited paid monument in the world with several millions ascending each year. Why was the tower built? The plan to build a tower 300 meters high was conceived as part of preparations for the World Exhibition Fair‚ which would be held in 1889
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The Eiffel Tower (French: La Tour Eiffel‚ [tuʁ ɛfɛl]) is an iron[10] lattice tower located on the Champ de Mars in Paris‚ named after the engineer Gustave Eiffel‚ whose company designed and built the tower. Erected in 1889 as the entrance arch to the 1889 World’s Fair‚ it has become both a global cultural icon of France and one of the most recognizable structures in the world. The tower is the tallest structure in Paris[11] and the most-visited paid monument in the world; 7.1 million people ascended
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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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FACTS ABOUT THE EIFFEL TOWER Eiffel & Company completed the Eiffel Tower on March 31‚ 1889 for the Universal Exposition in Paris celebrating the centennial of the French Revolution. The project included 50 engineers and designers (who produced 5‚300 blueprints)‚ 100 ironworkers (who produced 18‚038 individual pieces for assembly) and 121 construction workers (who used 2.5 million rivets). The Eiffel Tower took two years‚ two months and five days to complete. In addition to contractor Gustave
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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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The Prince by Niccolo Machiavelli Summary Why did Niccolo Machiavelli write the prince? He wrote it like a guide. The Prince is an analysis of how to acquire and keep political power. Philosophers wrote it as how it should be‚ but Machiavelli presented it as it is. The Prince begins by addressing to Lorenzo de Medici‚ where Machiavelli tells him that he is seeking favor with the prince by offering him some of his knowledge. Machiavelli proceeds to classify the kinds of states: hereditary princedoms
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