For a typical U.S. (exchange-listed) corporation, approximately what is the cost of equity capital? Explain your reasoning. What firm characteristics (other than leverage) are associated with higher than average costs of equity capital?

What is Fractional Banking? How does it impact the money supply? What would happen to the money supply size if several large banks all failed at the same time? Should the U.S. government bail out failing banks? What is moral hazard? What is capital injection?

what is financial inclusion? write up 10 pages on the weaknesses of the financial system in Zambia.
recommend what should be included in the financial inclusion in Zambia

Net present value: Emporia Mills is evaluating two heating systems. Projects are independent. Costs and projected energy savings are given in the following table.

The company uses 10.73 percent to discount such project cash flows. The NPV of System 100 is $__________.

the NPV of System 200 is $__________, and Emporia should choose System 200 or neither system or System 100 or both systems.

Wendy's boss wants to use straight-line depreciation for the new expansion project because he said it will give higher net income in earlier years and give him a larger bonus. The project will last 4 years and requires $1,770,000 of equipment. The company could use either straight-line or the 3-year MACRS accelerated method. Under straight-line depreciation, the cost of the equipment would be depreciated evenly over its 4-year life. (Ignore the half-year convention for the straight-line method.) The applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%. The project cost of capital is 8%, and its tax rate is 25%.

1. What would the depreciation expense be each year under each method? Enter your answers as positive values. Do not round intermediate calculations. Round your answers to the nearest dollar.

Which depreciation method would produce the higher NPV, and how much higher would it be? Do not round intermediate calculations. Round your answer to the nearest cent.

The NPV under -Select-Scenario 1Scenario 2 will be higher by $   .

Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $2,180,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 6.0 times during the year, and its DSO was 37 days. Its annual cost of goods sold was $1,200,000. The firm had fixed assets totaling $355,000. Strickler's payables deferral period is 43 days. Assume a 365-day year. Do not round intermediate calculations.

1. Calculate Strickler's cash conversion cycle. Do not round intermediate calculations. Round your answer to two decimal places.

   days

2. Assuming Strickler holds negligible amounts of cash and marketable securities, calculate its total assets turnover and ROA. Do not round intermediate calculations. Round your answers to two decimal places.

   Total assets turnover: ×

   ROA: %

3. Suppose Strickler's managers believe the annual inventory turnover can be raised to 10 times without affecting sale or profit margins. What would Strickler's cash conversion cycle, total assets turnover, and ROA have been if the inventory turnover had been 10 for the year? Do not round intermediate calculations. Round your answers to two decimal places.

   Cash conversion cycle: days

   Total assets turnover: ×

   ROA: %

Thomson Trucking has $10 billion in assets, and its tax rate is 30%. Its basic earning power (BEP) ratio is 20%, and its return on assets (ROA) is 5%. What is its times-interest-earned (TIE) ratio? Round your answer to two decimal places.

Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modern standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $112,000 delivered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $19,900 per year. It would have zero salvage value at the end of its life. The project cost of capital is 10%, and its marginal tax rate is 25%.

Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent.

Negative value, if any, should be indicated by a minus sign.

NPV: $

Chen SHOULD or SHOULDN'T purchase the new machine.

If interest rates rise after a bond issue, what will happen to the bond’s price and YTM? Does the time to maturity affect the extent to which interest rate changes affect the bond’s price? The values of outstanding bonds change whenever the going rate of interest changes. In general, short-term interest rates are more volatile than long-term interest rates. Therefore, short-term bond prices are more sensitive to interest rate changes than are long-term bond prices. Is that statement true or false? Explain. (Hint: Make up a “reasonable” example based on a 1-year and a 20-year bond to help answer the question.)

Factors that result in higher or lower stock prices?

What drives stock prices?

Important factors that drive stock market prices?

500 words minimum

You need $575 in 6 months for your auto insurance bill. If your investments earn 3% APR (compounded monthly), ), how much do you have to invest each month, starting next month, for 4 months, such that your investment will grow to just cover your auto insurance bill?

$140

$142

$144

$141

You plan to buy a house in 18 months.
The cost of the house at that time will be $300,000 .
How much do you have to invest each month, starting next month, for 12 months to exactly pay for the house if you r investments earn 2.00% APR (compounded monthly)?

$23,582

$22,675

$24,290

$24,525

$25,261

You plan to retire in year 10
Your retirement will last 20 years.
You want to have $60,000 each year of your retirement.
How much would you have to invest each year, starting in one year, for 6 years , to exactly pay for your retirement ,if your investments earn 5.00% APR (compounded annually)?

$101,704

$99,710

$96,861

$98,798

$94,961

You are planning to save for retirement over the next 20 years. To do this, you will invest $1,100 a month in a stock account and $800 a month in a bond account. The return of the stock account is expected to be 10 percent, and the bond account will pay 6 percent. When you retire, you will combine your money into an account with a return of 8 percent. How much can you withdraw each month from your account assuming a 20-year withdrawal period?

A.120,943.05

B.9877.02

C.10,208.16

D.513,326.32

E.10,078.59