Consider a project with free cash flows in one year of ​$ 146,335 or ​$ 179,830 with each outcome being equally likely. The initial investment required for the project is ​$92,400​, and the​ project's cost of capital is 20%. The​ risk-free interest rate is 7%.

a. What is the NPV of this​ project?

b. Suppose that to raise the funds for the initial​ investment, the project is sold to investors as an​ all-equity firm. The equity holders will receive the cash flows of the project in one year. How much money can be raised in this way long dash —that ​is, what is the initial market value of the unlevered​ equity?  

c. Suppose the initial ​$92,400 is instead raised by borrowing at the​ risk-free interest rate. What are the cash flows of the levered​ equity, what is its initial value and what is the initial equity according to​ MM?

ABC paid a dividend of $3.00 this past year. The dividends are expected to grow at a rate of 20% for the next three years, and at a constant 3% rate thereafter. The required rate of return for investors in this stock is 10%. Calculate the value of this stock today.

A project will produce an operating cash flow of $7,300 a year for three years. The initial investment for fixed assets will be $11,600, which will be depreciated straight-line to zero over the asset's 4-year life. Ignore bonus depreciation. The project will require an initial $500 in net working capital plus an additional $500 every year with all net working capital levels restored to their original levels when the project ends. The fixed assets can be sold for an estimated $2,500 at the end of the project, the combined tax rate is 23 percent, and the required rate of return is 12 percent. What is the net present value of the project?

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At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.

By the end of the first year, each machine had been operating 6,500 hours.

2. Prepare the entry to record depreciation expense at the end of Year 1, assuming the following. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The following payments are made under an annuity: 12 at the end of the 44th year, 11 at the end of the 55th year, decreasing by 11 each year until nothing is paid. Find the present value if the annual effective rate of interest is 3%.

Consider a 2-year bond with a principal of $100 that provides coupons at the rate of 3.8% per annum semiannually. Suppose the yield on this bond is 6.1% per annum with continuous compounding.

(a) What is the duration of this bond?

(b) Suppose the yield on this bond increases by 0.1%.

i. Calculate the new bond price exactly.

ii. Estimate the new bond price approximately using duration.

What is it like to live in this year.
is a journal question.
two pages please?

In c++ language, write a void function GetYear that prompts for and inputs the year the operator was born (type int) from standard input. The function returns the user’s birth year through the parameter list (use pass by reference) unless the user enters an invalid year, in which case a BadYear exception is thrown. To test for a bad year, think about the range of acceptable years. It must be 4 digits (i.e. 1982) and it cannot be greater than the current year (the user obviously cannot be born in a calendar year that has yet to happen!).

Then write a try-catch statement that calls the GetYear function defined above. If a BadYear exception is thrown, print an error message and rethrow the exception to a caller; otherwise, execution should just continue as normal.

Consider the Fraction class that we just wrote. Implement an exception handling design in the parameterized constructor to catch zeros in the denominator. Show the new exception class you will need to put in the header (specification) file. Show the definition for your parameterized constructor that throws the exception if the denominator is zero. Finally, show how to use the try-catch statement in the driver program when instantiating a new parameterized Fraction object. (For this part you do not need to show entire programs, only the requested lines of source code.)

Strong Metals Inc. purchased a new stamping machine at the beginning of the year at a cost of $1,330,000. The estimated residual value was $70,000. Assume that the estimated useful life was five years and the estimated productive life of the machine was 300,000 units. Actual annual production was as follows:

Required:

1. Complete a separate depreciation schedule for each of the alternative methods.

a. Straight-line.

b. Units-of-production.

c. Double-declining-balance.