2 The management of Ethan plc is trying to decide on a cost of capital to apply to the evaluation of investment projects. The company has an issued share 'capital of 500,000 ordinary $l shares, with a current market value cum-div of $l.17 per share. It has also issued $200,000 of 10 debentures, which are redeemable at par in five years' time and have a current market value of$105.30 cum-interest, and $lOO,OOO of $l irredeemable 6 preference shares, currently priced at $0.40 per share ex-div. The preference dividend has just been paid, and the ordinary dividend and debenture interest are due to be paid in the near future. Management considers the current capital structure of the company to be similar to their plans for its long-term capital structure. The ordinary share dividend will be $60,000 this year, and the Directors have published their view that earnings'and dividends will increase by 5 a year into the indefinite future. The company pays tax at 25 per year in the same year as profits. Required: a) Calculate the WACC. b) Discuss the importance of the cost of capital in project appraisal .and highlight the impact that a wrong discount rate would have on decision making.

1) Roberto​ Inc. operates a chain of luxury hotels in the​ Asia-Pacific region. It charges​ $540 for a one night stay. However when​ 90% of the rooms are​ occupied, Roberto charges a premium of​ 20% on room tariff for the remaining rooms. What pricing method has Roberto Inc. ​adopted? Explain your answer.

2) Due to a recent downturn in the economy, sales of luxury hotel rooms have been on a steady decline for the last 12 months. A market research study conducted revealed that Roberto Inc. can only sell one night stays for $440. Accordingly, Roberto Inc. has decided to revise its sales price per one night stay to $440. The annual target volume after the price revision is 240 one night stays. Roberto Inc. wants to earn 40% on its sales amount. Calculate the target cost per unit. Show your workings.

3) Roberto Inc.’s revised target price of $440 was based on market research. Explain other methods that could be used when estimating a target price.

A researcher wished to compare the average daily hotel room rates between San Francisco and Los Angeles. The researcher obtained an SRS of 15 hotels in downtown San Francisco and found the sample mean ? ̅1=$156, with a standard deviation ?_1= $15. The researcher also obtained an independent SRS of 10 hotels in downtown Los Angeles and found the sample mean ? ̅_2= $143, with a standard deviation ?_2= $10. Let 1 and 2 represent the mean cost of the populations of all hotels in these cities, respectively. Assume the two-sample t procedures are safe to use, i.e. Unequal Variances. a)Suppose the researcher had wished to test the hypotheses H0: µ1 = µ2 vs. Ha: µ1 ≠ µ2 at the 5% significance level (i.e., α = 0.05). The numerical value of the two-sample t statistic is? b)What is your P-value? c)What are your statistical conclusion and its interpretation? Use significance level, α = 0.05 (or 5%

. d)Based on your P-value and conclusion in (b) and (c), will you conclude that a 99% confidence interval for µ1 - µ2 includes the value 0? Explain.

1. To economists, which of the following is true of pollution?

A. It is an externality.

B. It is always produced by third parties.

C. It is never caused by the consumers of the good, only by the producers.

D. It is never caused by the producers of the good, only by the consumers.

2.The free-rider problem is most likely to occur in which of the following cases?

A. A lighthouse

B. Buying apples at a farmers’ market

C. Visits to a local theme park

D. Visits to the emergency room

3. The term exclusion refers to which of the following?

A. The likelihood that the government may exclude the private sector from the production of certain goods

B. The possibility that you may receive benefits without having paid for them

C. The condition where you can’t consume a good if you don’t pay for it

D. The condition where your consumption of a good removes that good from someone else

4. Which of the following is a basic difference between public goods and private goods?

A. A private good is an internal good.

B. A public good must have no cost.

C. Public goods have the property of exclusion.

D. Private goods have the property of exclusion.

2. The new mayor of a Midwestern city has developed a list of administration goals and objectives for the city: (a) establish effective government by incorporating improved information systems and management practices; (b) improve intergovernmental cooperation for more cost-effective service delivery; (c) build public support for administration priorities through two-way communication; (d) make timely investments in roads, utilities, sewers, parks, and alternative transportation systems to encourage responsible growth and sustain a healthy economy; (e) maintain and improve the city as a place where people can live and work without fear; (f) protect the community’s natural assets and enhance environmental quality; (g) work to improve the economic health of the city in an equitable manner for all citizens; (h) support and facilitate access to basic social services for all citizens; (i) establish a customer-driven city workplace; and (j) maintain and improve park services and facilities. Use this statement to structure both a program budget format and a new performance budget format for the city. For the latter, identify measurable performance indicators.

Mikesell, John. Fiscal Administration (Page 306). Wadsworth Publishing. Kindle Edition.

A long, thin solenoid has 600 turns per meter and radius 2.6 cm. The
current in the solenoid is increasing at a uniform rate dI/dt. The induced
electric eld at a point near the center of the solenoid and 3.80 cm from
its axis is 8.00 10 -5 V/m. Calculate dI/dt

2. Why is it useful to have mechanisms for direct cell to cell communication and for long distance communication with cells not near each other?

3. Why would bacterial cells need to communicate with each other? What is the advantage? Find an example bacteria that communicate and how do they communicate?

please answer both questions

White light falls in, near the normal direction, against a thin oil film lying on a glass plate. Two colors with wavelengths of 525nm and 650nm clearly dominate the reflected light. Assume that the refractive index of the oil is 1.25 and the refractive index of the glass is 1.5.

Determine the thickness of the film and the order of interference for the dominant colors.

One positive and one negative charges identical in magnitude are place near each other. At halfway between the two charges...

All else equal, firms with higher leverage (D/E ratio) tend to have higher betas. However, when firms are heavily levered (near the “zone of insolvency” or bankruptcy), their betas tend to drop significantly. Without mentioning anything about the equation for beta, briefly explain why this phenomenon might occur.