Wells Printing is considering the purchase of a new printing press. The total installed cost of the press is $ 2.15 million. This outlay would be partially offset by the sale of an existing press. The old press has zero book​ value, cost $ 1.01 million 10 years​ ago, and can be sold currently for $ 1.29 million before taxes. As a result of acquisition of the new​ press, sales in each of the next 5 years are expected to be $ 1.65 million higher than with the existing​ press, but product costs​ (excluding depreciation) will represent 54 % of sales. The new press will not affect the​ firm's net working capital requirements. The new press will be depreciated under MACRS- using a​ 5-year recovery period. The firm is subject to a 40 % tax rate. Wells​ Printing's cost of capital is 11.4 % ​(Note: Assume that the old and the new presses will each have a terminal value of $ 0at the end of year​ 6.)

Rounded Depreciation Percentages by Recovery Year Using MACRS for
First Four Property Classes              
   Percentage by recovery year*          
Recovery year    3 years    5 years    7 years    10 years
1    33%   20%   14%   10%
2    45%   32%   25%   18%
3    15%   19%   18%   14%
4    7%   12%   12%   12%
5        12%   9%   9%
6        5%   9%   8%
7            9%   7%
8            4%   6%
9                6%
10                6%
11                4%
Totals   100%   100%   100%   100%
               

a. Determine the initial investment required by the new press.

a. Determine the initial investment required by the new press.

Calculate the initial investment will​ be:  ​(Round to the nearest​ dollar.)

b. Determine the operating cash flows attributable to the new press.​ (Note: Be sure to consider the depreciation in year​ 6.)

c. Determine the payback period.

d. Determine the net present value​ (NPV) and the internal rate of return​ (IRR) related to the proposed new press.

e. Make a recommendation to accept or reject the new​ press, and justify your answer.

SHOW ALL WORK!!! Including formulas

1. In Zebrafish what novel insights are stable transgenic lines expressing fluorescent providing?

Why was the play adaptation of Uncle Tom's Cabin more accessible than the novel?

The CSI Corporation is looking to replace an existing printing press with one of two newer models that are more efficient. The current press is three years old, cost 32,000 and is being depreciated under MACRS using a 5-year recovery period. The first alternative under consideration, Printing Press A, cost $40,000 to purchase and $8,000 to install. It has a 5 year usable life and will be depreciated under MACRS using a 5-year recovery period. The second alternative, press B cost $54,000 to purchase and $6,000 to install. It also has a 5 year usable life and will be depreciated under MACRS using a 5 year recovery period. The purchase of press A would result in a $4,000 increase in net working capital, and the purchase of Press B would increase net working capital by $6,000. The projected Earnings before depreciation interest and taxes for each alternative is presented below.

The existing press can currently be sold for $18,000 before taxes. At the end of the 5 years the existing press can be sold for $1,000 before taxes. Press A can be sold to net $12,000 before taxes and press B can be sold to net $20,000 before taxes at the end of the 5 year period. The firm is subject to a 40% tax rate.

The company has $100M of debt outstanding with a yield-to-maturity of 8%, and has $150M of equity outstanding with a beta of 0.9. The expected market return is 13% and the risk-free rate is 5%.

please post the answer with the excel sheets included

A small factory is considering replacing its existing coining press with a newer, more efficient one. The existing press was purchased three years ago at a cost of $510,000, and it is being fully depreciated according to a 7-year MACRS depreciation schedule and you have taken 3 years of depreciation on the old machine. The CFO estimates that the existing press has 6 years of useful life remaining. The purchase price for the new press is $675,000. The installation of the new press would cost an additional $25,000, and this cost would be capitalized and added to the depreciable base (it needs to be depreciated on the same schedule as the new press). The new press, if purchased, would be fully depreciated to a value of 0 using the 7-year MACRS depreciation schedule found below. Interest expense associated with the purchase is estimated to be roughly $12,000 per year for the next 6 years.

The appeal of the new press is that it is estimated to produce a pre-tax operating cost savings of $120,000 per year for the next 6 years, and the new press also has a useful life of 6 years. If the new press is purchased, the old press can be sold for $80,000 today. The CFO believes that the new press would be sold for $50,000 at the end of its 6- year useful life (and 6 years of depreciation). Assume that NWC would not be affected. The company had an average tax rate of 30% and has a marginal tax rate of 25% going forward. The cost of capital (i.e., discount rate) for this project is 9%.

Develop the incremental cash flows for this replacement decision and use them to calculate NPV and IRR. Next, make a conclusion about whether or not the existing coining press should be replaced at this time. Make sure that it is easy to determine how you arrived at your incremental cash flows!

The idea is to find a new or novel advancement in medicine to do with Physiology only. That is I don't want advancements in other fields e.g. immunology, genetics, cancer, microbiology and so on.

So you discuss the problem or disease including initially normal physiology followed by a description of the disease. Then discuss the novel advancement and how it is helping patients to improve their lifestyles.  

The presentation should be between 5 - 6 minutes but not exceeding 6 minutes and 30 seconds.

The idea is to find a new or novel advancement in medicine to do with Physiology only. That is I don't want advancements in other fields e.g. immunology, genetics, cancer, microbiology and so on.

So you discuss the problem or disease including initially normal physiology followed by a description of the disease. Then discuss the novel advancement and how it is helping patients to improve their lifestyles.  

The presentation should be between 5 - 6 minutes but not exceeding 6 minutes and 30 seconds.

3. The classical dichotomy and the neutrality of money

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction.

Amy spends all of her money on paperback novels and mandarins. In 2015, she earned $18.00 per hour, the price of a paperback novel was $9.00, and the price of a mandarin was $1.00.

Which of the following give the nominal value of a variable? Check all that apply.

Amy's wage is 2 paperback novels per hour in 2015.

Amy's wage is $18.00 per hour in 2015.

The price of a mandarin is $1.00 in 2015.

Which of the following give the real value of a variable? Check all that apply.

Amy's wage is $18.00 per hour in 2015.

Amy's wage is 18 mandarins per hour in 2015.

The price of a paperback novel is 9 mandarins in 2015.

Suppose that the Fed sharply increases the money supply between 2015 and 2020. In 2020, Amy's wage has risen to $36.00 per hour. The price of a paperback novel is $18.00 and the price of a mandarin is $2.00.

In 2020, the relative price of a paperback novel is   .

Between 2015 and 2020, the nominal value of Amy's wage   , and the real value of her wage   .

Monetary neutrality is the proposition that a change in the money supply   nominal variables and   real

Project #1

Designing and implementing the Game of Life

The main task is to implement (in java) a 2-D (or 3-D) Graphic version of the Game of Life