Your paper should be a minimum of 450 words.

Describe and analyze three decisions you made over the last six months. Which of these were programmed and which nonprogrammed? Why do you believe each decision is programmed or nonprogrammed? One of your decisions included in this paper must be non-programmed.

For each decision please give specifics and why you believe the decision is programmed or non-programmed.

Healthsouth Company is considering leasing a new equipment. The lease lasts for 8 years. The lease calls for 8 payments of $111,000 per year with the first payment occurring immediately. The equipment would cost $724,000 to buy and would be straight-line depreciated to a zero salvage value over 8 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 6.5%. The corporate tax rate is 25%. What is the NPV of the lease relative to the purchase?

Healthsouth Company is considering leasing a new equipment. The lease lasts for 8 years. The lease calls for 8 payments of $111,000 per year with the first payment occurring immediately. The equipment would cost $724,000 to buy and would be straight-line depreciated to a zero salvage value over 8 years. The actual salvage value is negligible because of technological obsolescence. The firm can borrow at a rate of 6.5%. The corporate tax rate is 25%. The actual pre-tax salvage value is $15,000. What would the NPV of the lease relative to the purchase be?

The most recent financial statements for Moose Tours, Inc., appear below. Sales for 2016 are projected to grow by either 20, 25, or 30 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets, and accounts payable increase spontaneously with sales.

The Nash Corp. is considering four investments. Which provides the highest after-tax return for Nash Corp. if it is in the 21% federal tax bracket? Assume the tax rate on dividends is 15%.

• Treasury bonds at 4%

• Preferred stock at 7.5%

• Corporate bonds at 7.5%

• Municipal bonds at 7.25%

Lear Corporation has decided to acquire a new equipment at a cost of $698,000. The equipment has an expected life of 6 years and will be depreciated using 5-year MACRS with rates of .20, .32, .192, .1152, .1152, and .0576 (note that 5-year MACRS depreciation actually takes place over 6 years). There is no actual salvage value. Riverhawk Financing has offered to lease the equipment to Lear for $135,000 a year for 6 years. Lear has a cost of equity of 11.2 percent, a pre-tax cost of debt of 5.8 percent, and a marginal tax rate of 25 percent. Should Lear lease or buy?

The WACC is a weighted average of the costs of debt, preferred stock, and common equity. Would the WACC be different if the equity for the coming year came solely in the form of retained earnings versus equity from the sale of new common stock? Would the calculated WACC depend in any way on the size of the capital budget? How might dividend policy affect the WACC? Please explain.

Woodbridge's stock is currently selling for $26.00 a share but is expected to decrease to either $23.40 or increase to $28.60 a share over the next year. The risk-free rate is 3 percent. What is the current value of a 1-year call option with an exercise price of $26?

Dime a Dozen Diamonds makes synthetic diamonds by treating carbon. Each diamond can be sold for $100. The materials cost for a standard diamond is $50. The fixed costs incurred each year for factory upkeep and administrative expenses are $205,000. The machinery costs $1.6 million and is depreciated straight-line over 10 years to a salvage value of zero.

a. What is the accounting break-even level of sales in terms of number of diamonds sold? (Do not round intermediate calculations.)

b. What is the NPV break-even level of diamonds sold per year assuming a tax rate of 21%, a 10-year project life, and a discount rate of 10%? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

The cost of a truck is $18,000 and am approved for an 8% loan but can choose to finance the loan for either 48 or 60 months.

What will be the additional cost over the life of the loan, if i choose the 60 month term instead of 48 months? can you please give a formula that is clear?

Consider a 30-year mortgage with an interest rate of 10% compounded monthly and a monthly payment
of $850.
(1) Calculate the principal.
(2) How much of the principal is paid the first, 5th, 20th and last year?
(3) How much interest is paid the first, 5th, 20th and last year year?
(4) What is the total amount of money paid during the 30 years?
(5) What is the total amount of interest paid during the 30 years?
(6) What is the unpaid balance after 25 years?
(7) How much has to be deposited into a savings account with an interest rate of 4% compounded
quarterly in order to pay the unpaid balance of the mortgage after 25 years?
(8) How much has to be deposited each quarter year in a fund with an interest rate of 8% compounded
quarterly in order to cover the unpaid balance after 25 years?

Fijisawa Inc. is considering a major expansion of its product line and has estimated the following cash flows associated with such an expansion. The initial outlay would be ​$1,800,000​, and the project would generate incremental free cash flows of ​$700,000 per year for 6 years. The appropriate required rate of return is 6 percent.

a. Calculate the NPV.

b. Calculate the PI.

c. Calculate the IRR.

d. Should this project be​ accepted?