What is the difference between the virial equation of state and the SRK equation of state? When would you use one versus the other?
In: Chemistry
In: Biology
In: Accounting
(use a current ompany and data)
Week Five Financial Exercises
Your task is to determine the WACC for a given firm using what you know about WACC, as well as data you can find through research. Your deliverable is a brief report in which you state your determination of WACC, describe and justify how you determined the number, and provide relevant information as to the sources of your data.
Select a publicly traded company that has debt or bonds and common stock to calculate the current WACC. One good source for financial data for companies, as well as data about their equity, is Yahoo! Finance. By looking around this site, you should be able to find the market capitalization (E) as well as the β for any publicly traded company.
There are not many places left where data about corporate bonds is still available. One of them is the Finra Bonds website. To find data for a particular company’s publicly traded bonds use the Quick Search feature, then be sure to specify corporate bonds and type in the name of the issuing company. This should give you a list of all of the company’s outstanding bond issues. Clicking on the symbol for a given bond issue will lead you to the current amount outstanding and the yield to maturity. You are interested in both. The total of all bonds outstanding is D in the above formula.
If you like, you can use the YTM on a bond issue that is not callable as the pre-tax cost of debt for the company.
Assumptions:
As you recall, the formula for WACC is:
rWACC = (E/E+D) rE + D/(E+D) rD (1-TC)
The formula for the required return on a given equity investment is:
ri= rf + βi * (RMkt-rf)
RMkt-rf is the Market Risk Premium. For this project, you may assume the Market Risk Premium is 5% unless you can develop a better number.
rf is the risk-free rate. The risk-free rate is normally the yield on US Treasury securities such as a 10-year treasury. For this assignment, please use 3.5%.
You may assume a corporate tax rate of 40%.
Submit the following:
Write a 350- to 700-word report that contains the following elements:
Your calculated WACC
How data was used to calculate WACC (provide the formula and the formula with your values substituted)
Sources for your data
A discussion of how much confidence you have in your answer, including what the limiting assumptions you made were, if any
Include a Microsoft®Excel® file showing your WACC calculations discussed above.
In: Finance
Your client would like to subdivide his property into 60-acre parcels. He owns the NE ¼ of section 12, and the S ½ of the NW ¼ of section 12. Diagram a solution for the subdivisions?
In: Civil Engineering
Assignment Eight 1. Assume I won 5 million dollars in a lottery that pays installments of 1 million dollars a year for five years or a lump sum of less than 5 million dollars. If I take the installments, my first installment would come the day I claimed my winnings at the state lottery office. If I take the lump sum, I would receive that payment the day I claimed my winnings at the state lottery office. Assume that the interest rate is 4% per year. Calculate what the lump sum should be so that it would exactly equal the stream of future installments. You must show and explain your work to be given credit for this assignment. Assume there are no taxes on my winnings. 2. What would your answer change be if the first installment in the question above did not come until one year after I claimed my winnings. You must show and explain your work to be given credit for this assignment. I do not need pages of explanation. Just three or four sentences for each question. However, I do need to see your work.
In: Economics
1. Assume I won 5 million dollars in a lottery that pays installments of 1 million dollars a year for five years or a lump sum of less than 5 million dollars. If I take the installments, my first installment would come the day I claimed my winnings at the state lottery office. If I take the lump sum, I would receive that payment the day I claimed my winnings at the state lottery office. Assume that the interest rate is 6% per year. Calculate what the lump sum should be so that it would exactly equal the present value of the stream of future payments. You must show and explain your work to be given credit for this assignment. Assume there are no taxes on my winnings.
2. What would your answer change be if the first installment in the question above did not come until one year after I claimed my winnings. You must show and explain your work to be given credit for this assignment.
I do not need pages of explanation. Just three or four sentences for each question. However, I do need to see your work.
In: Economics
ENMA 480-ETHICS QUESTIONS
1. What is your definition of “ethics”? Are there
differences in engineering ethics versus other kinds of ethics,
such as business ethics or medical ethics?
2. What recent or historical engineering case studies
do you find most interesting?
3. Describe a moral or ethical issue that is most
conflicting to you and explain your indecisiveness about it.
4. Do humans have free will or is our fate
predetermined? Explain. You may choose to provide your definition
of free will in your response.
In: Civil Engineering
Accounts receivables can constitute more than 50% of a healthcare organization's current assets. Managing accounts receivables is critical to the cash flow of the organization. If you were a billing manager what should you consider when implementing credit and collection policies? (Hint: Provide an example of a financial report then explain in detail the steps in the financial analysis process).
In: Finance
Considering a macro project that aims to break down oxygen and water from the moon crest and bring the same to the earth surface along with focusing on creating a livable space station in moon for refueling the spaceships travelling from earth to moon & back to earth. Explain in detail what could be some of the best marketing plan and public relations strategies for this project.?
In: Economics