You have been appointed as the Finance Manager of Shangpuri Hotel Bhd. As a finance manager, you are evaluating Project PJ10B, an investment project, and TWO (2) other additional projects namely Project Bee and Project Cee. You are required to deliver a comprehensive report explaining the application of numerous financial practices for valuing investment projects for the board of directors’ strategic decision. Your finance department has forecasted cash flows to assess the viability of Project PJ10B, Project Bee, and Project Cee incorporating risk into the calculations.

Additional information:

1. Current dividend for Shangpuri Hotel Bhd’s ordinary stock is RM2.50 and dividend growth rate is 6%.

2. Shangpuri Hotel Bhd is planning to issue new ordinary stock at RM50 with a flotation cost of 9%.

3. The company’s bond is paying a 6% coupon payment. Corporate tax stood at 30%.

4. Shangri Hotel Bhd’s capital structure comprising of 40% debt and 60% common stock.

Information related to Project PJ10B

The cost of this investment is RM1,200,000.

The investment is estimated to effectively contribute for 3 years. Ignore the residual value.

Depreciation for the Project PJ10B is subject to a straight-line method.

Further, yearly cash inflow is estimated at $900,000 and cash outflow RM400,000 per year. Cash inflow and outflow in entitle for tax benefit.

Finance department estimates discount factor at 7.0%.

Information related to Project Bee

1. Cost of this investment is RM120,000

2. Finance department estimates discount factor at 8.0%.

3. Ignore tax and depreciation.

Information related to Project Cee

1. Cost of this investment is RM120,000

2. Finance department estimates discount factor at 8.0%.

3. Ignore tax and depreciation.

Required:

QUESTION 1

a. Calculate the cost of new ordinary stock for Shangpuri Hotel Bhd. The current dividend for the ordinary stock is $2.50 and the dividend is expected to grow at 6%.

b. Explain THREE (3) advantages and THREE (3) disadvantages of equity financing.

c. Calculate cost of debt for Shangpuri Hotel Bhd

d. Explain THREE (3) advantage and THREE (3) disadvantages of debt financing.

e. Calculate the weighted average cost of capital for the company

f. Explain FIVE (5) uses of WACC.

QUESTION 2

a. Calculate NPV for Project PJ10B based on discount factor of Shangpuri Hotel Bhd.

b. Calculate NPV for Project PJ10B based on WACC of Shangpuri Hotel Bhd.

c. Calculate IRR for Project PJ10B

d. Explain FIVE (5) conflicts between NPV and IRR

QUESTION 3

a. Calculate expected Annual Cash flow from Project Bee

b. Calculate expected Annual Cash flow from Project Cee

c. Calculate NPV and IRR from Project Bee assuming discount factor stood at 8% & Project Bee’s life span is 6 years.

d. Calculate NPV and IRR from Project Cee assuming discount factor stood at 8% & Project Cee’s life span is 6 years.

QUESTION 4

a. Provide overall recommendation to Shangpuri Hotel Bhd Board of Directors on the viability of

             i. Project PJ10B.

ii. Project Bee.

iii. Project Cee.

(15 marks

b. Prepare an executive summary

Use the code below as the basis for a hotel reservation system (HRS). The customer calls the hotel front desk to book a room. The front desk is running your software on one of its computers. The basic operations available are:

1. book one room,
2. book two adjoining rooms,
3. list all unoccupied rooms,
4. list all occupied rooms,
5. help lists information about available methods,
6. report percent of hotel rooms that are unoccupied,
7. quit the system (shut the system down).

The people at the front desk choose a particular operation, typically in response to a phone call.

Start by modularizing the existing program code below as follows. Create a method from the welcome message (and call this new method from main). Next, create a method from the end message (and also call it from main). Finally, create a method from the help information (and call from main too).

Now we'll implement the methods of the HRS. A new method, bookOneRoom, should randomly book one room when 'b' or 'B' is pressed. Once a room is chosen, it should call bookARoom to indicate that the room is now booked. A new method, bookTwoRooms, should randomly book two rooms when '2' is pressed. It should call bookARoom (twice). Also, write a method that lists (prints out) the room numbers of all of the unoccupied rooms (when the user presses 'l' - lowercase L). Similarly, write a method that lists (prints out) the room nummbers of all of the occupied rooms (when 'L' is entered). Finally, write a method that reports the percentage of the hotel rooms that are unoccupied. This method should use the existing occupiedCount method.

Note: Every method should be preceeded by a comment that explains what the method does.

Summary of what to submit:

A properly commented, indented, and working program.

/*
file:      HRS.java
author:    < your-name-here >
desc.:     Hotel Reservation System (HRS)
*/
import  java.util.Scanner;

class HRS {

    final static int      N = 101;
    final static boolean  Occupied = true;
    //------------------------------------------------------------
    //program initialization
    static void initialize ( boolean[] rooms ) {
        for (int i=0; i<rooms.length; i++)
            rooms[i] = !Occupied;
    }
    //------------------------------------------------------------
    //book a particular room
    static void bookARoom ( int rm, boolean[] rooms ) {
        assert( rooms[rm] == !Occupied );  //cause boom if bad
        rooms[ rm ] = Occupied;
    }
    //------------------------------------------------------------
    //determine how many rooms are occupied in our hotel
    static int occupiedCount ( boolean[] rooms ) {
        int  count = 0;
        for (int i=1; i<rooms.length; i++) {
            if (rooms[i])    ++count;
        }
        return count;
    }
    //------------------------------------------------------------
    //it all starts here
    public static void main ( String[] args ) {
        //say hello
        System.out.println();
        System.out.println( "Welcome to HRS (Hotel Reservation System)." );
        System.out.println();

        boolean[]  hotel = new boolean[ N ];
        initialize( hotel );
        Scanner  kbd = new Scanner( System.in );
        boolean  timeToQuit = false;
        while (!timeToQuit) {
            //prompt for and read a command
            System.out.print( "HRS --> " );
            String  command = kbd.nextLine();

            //process the command
            if (command.equalsIgnoreCase("q")) {
                timeToQuit = true;
            } else if (command.equals("?")) {
                System.out.println();
                System.out.println( "Enter..." );
                System.out.println( "    2     to book two adjoining rooms" );
                System.out.println( "    b/B   to book a single room" );
                System.out.println( "    l     to list all unoccupied rooms" );
                System.out.println( "    L     to list all occupied rooms" );
                System.out.println( "    h/H/? for help" );
                System.out.println( "    p/P   for percent unoccupied" );
                System.out.println( "    q/Q   to quit" );
                System.out.println();
            } else {
                System.out.println( "    Please enter a valid command." );
            }
        }

        //say goodbye
        System.out.println();
        System.out.println( "Thanks for using HRS!" );
        System.out.println();
    }
}

you currently drive 300 miles per week in a car that gets 20 miles per gallon of gas. you are considering buying a new fuel-efficient car for $12,000 ( after trade-in on your current car) that gets 50 miles per gallon. Insurance premiums for the new and old car are $900 and $500 per year, respectively. you anticipate spending $1300 per year on repairs for the old car and having no repairs on the new car. assume gas costs $3.50 per gallon. over a five-year period, is it less expensive to keep your old car or buy the new car? by how much?

the old car is $690 less expensive

the new car is $940 less expensive

the old car is $940 less expensive

the new car is $690 less expensice

Miles per Gallon. The following stem-leaf plot is representing the number of miles per gallon achieved on the highway for 2013 small car models. Construct an Ogive of data by first construction a cumulative frequency table with class width of five. Include: Limits, frequency, and cumulative frequency.

Russell Preston delivers parts for several local auto parts stores. He charges clients $1.45 per mile driven. Russell has determined that if he drives 2,700 miles in a month, his average operating cost is $0.90 per mile. If he drives 3,700 miles in a month, his average operating cost is $0.80 per mile. Russell has used the high-low method to determine that his monthly cost equation is total cost = $1,380 + $0.53 per mile.

Required:
1. Determine how many miles Russell needs to drive to break even.

2. Assume Russell drove 2,000 miles last month. Without making any additional calculations, determine whether he earned a profit or a loss last month.

3. Determine how many miles Russell must drive to earn $1,840 in profit.

4-a. Prepare a contribution margin income statement assuming Russell drove 2,000 miles last month.

4-b. Use the information provided in Req 4a to calculate Russell’s degree of operating leverage.

JAVA ONLY.

Program 3: Distance calc. This question is fairly straightforward. Design (pseudocode) and implement (source code) a program to compute the distance between 2 points. The program prompts the user to enter 2 points (X1, Y1) and (X2, Y2). The distance between 2 points formula is: Square_Root [(X2 – X1)^2 + (Y2 – Y1)^2] Document your code, properly label the input prompts, and organize the outputs as shown in the following sample runs. Note: for C++, #include and then call sqrt(). For Java, you’ll use Math.sqrt() and for C# it’s Math.Sqrt(). See the short appendix below for the general form. Sample run 1: Entered X1: 1.5 Entered Y1: -3.4 Entered X2: 4 Entered Y2: 5 Distance: 8.764131445842194 Sample run 2: Entered X1: -5.5 Entered Y1: -8.8 Entered X2: 25 Entered Y2: 4.5 Distance: 33.27371334852784 Sample run 3: Entered X1: 2 Entered Y1: 2 Entered X2: 10 Entered Y2: 10 Distance: 11.313708498984761

Program 4: Is there a Prius version? Did you know that the average Boeing 747 airplane uses approximately 1 gallon of fuel per second? Given the speed of the airplane, that means it gets 5 gallons to the mile. No, not 5 miles to the gallon, 5 gallons to the mile. You may be questioning why such a horribly inefficient machine is allowed to exist, but you’ll be happy to find out that, because this airplane hold 568 people, it averages about 0.01 gallons per person – (100 miles per gallon per person). Your job is to design (pseudocode) and implement (source code) a program that asks the user for a distance the plane has to fly (i.e. the length of the trip) and also asks the cost of jet fuel (¬¬which is currently $1.80 per gallon). The program should then calculate the total fuel charges to make the trip. Next, ask the user how many people will fly, as well as the average cost of a ticket. Finally, print the total profit made (or lost) and the average gas mileage per person. Document your code and properly label the input prompts and the outputs as shown below. Sample run 1: Enter the flight distance: 1000 Enter the current cost of jet fuel: $2 The flight will cost $10000.0 in fuel. Enter the number of passengers: 5 Enter the average cost of a ticket: 1000 You will make a profit of $-5000.0 You averaged 1.0 miles per person per gallon! Sample run 2: Enter the flight distance: 500 Enter the current cost of jet fuel: $3 The flight will cost $7500.0 in fuel. Enter the number of passengers: 500 Enter the average cost of a ticket: 300 You will make a profit of $142500.0 You averaged 100.0 miles per person per gallon! Sample run 3: Enter the flight distance: 4200 Enter the current cost of jet fuel: $1.80 The flight will cost $37800.0 in fuel. Enter the number of passengers: 550 Enter the average cost of a ticket: 600 You will make a profit of $292200.0 You averaged 110.0 miles per person per gallon!

The accompanying data represent the miles per gallon of a random sample of cars with a​ three-cylinder, 1.0 liter engine.

LOADING...

Click the icon to view the data

(a) Compute the​ z-score corresponding to the individual who obtained

36.336.3

miles per gallon. Interpret this result.The​ z-score corresponding to the individual is

nothing

and indicates that the data value is

nothing

standard​ deviation(s)

▼

the

▼

​(Type integers or decimals rounded to two decimal places as​ needed.)

​(b) Determine the quartiles.

Q1equals=nothing

mpg

​(Type an integer or a decimal. Do not​ round.)

Q2equals=nothing

mpg

​(Type an integer or a decimal. Do not​ round.)

Q3equals=nothing

mpg

​(Type an integer or a decimal. Do not​ round.)

​(c) Compute and interpret the interquartile​ range, IQR. Select the correct choice below and fill in the answer box to complete your choice.

​(Type an integer or a decimal. Do not​ round.)

A.

The interquartile range is

nothing

mpg. It is the range of the observations between either the lower or upper quartile and the middle​ quartile; it captures​ 25% of the observations.

B.

The interquartile range is

nothing

mpg. It is the range of the observations between the lower and upper fences.

C.

The interquartile range is

nothing

mpg. It is the range of the middle​ 50% of the observations in the data set.

D.

The interquartile range is

nothing

mpg. It is the range of all of the observations in the data set.

​(d) Determine the lower and upper fences. Are there any​ outliers?

The lower fence is

nothing.

​(Type an integer or a decimal. Do not​ round.)

The upper fence is

nothing.

​(Type an integer or a decimal. Do not​ round.)

Are there any​ outliers? Select the correct choice below​ and, if​ necessary, fill in the answer box to complete your choice.

A.

The​ outlier(s) is/are

nothing.

​(Type an integer or a decimal. Do not round. Use a comma to separate answers as​ needed.)

B.

There are no outliers.

Let G be the number of goals that the Mighty Ducks score in a particular game. Suppose the moment-generating function of G is ??(?) = 0.2 + (0.3 ⋅ ? ? ) + (0.3 ⋅ ? 2? ) + (0.2 ⋅ ? 3? )

a) What is the expected value of the number of goals made, ?[?]? (you can solve either way)

b) Calculate ???[?].