Trump De Drum Ltd (TDT) is a company in aquacultural industry specialised in farming of aquatic organisms. DT is considering opening a new farm in Sandy Bay. This project would involve the purchase of 13 hectares land at a price of $1,000,000 (Note that: The land is not subject to depreciation for accounting and tax purposes). In addition to that, the company will need to purchase eight special equiments which cost $125,000 each. The equipments are expected to be in use for 5 years and after that, they will be scrapped without any residual value. Each year, each of these equipments will incur $5,000 maintenance cost. It is assumed that the farm will first be used at the beginning of the next financial year: 1 July 2021.

Before starting this new operation, TDT will need to redevelop and renovate the warehouse at the farm. This is expected to cost $200,000. Assume that TDT is not able to claim any annual tax deduction for the capital expenditure to the renovation of the building until the business is sold.

Revenue projections from the farm for the next five years are as follows:

Operating variable costs associated with the new business including material costs and labour costs. Estimated material costs per tons in year 1 is $2,000 and this cost will increase by 3.5% every year. The farm will require about 6 workers working for 8 hours a day, 200 days per year. The pay rate is flat at $20/ hour including superannuation. Annual operating fixed costs associated with production (excluding depreciation) are $100,000. Existing administrative costs are $550,000 per annum. As a result of the new operation, these administrative costs will increase by 30%. The company is subject to a tax rate of 30% on its profits.

Meanwhile, TDT Ltd is currently financed by 60% of equity and 40% of debt. Company’s bond is traded at a price of $980. The bond has 10 year term, 8% coupon rate paid semi-annually and face value of $1,000. In addition, company’s equity has a beta of 1.2 while the risk-free rate in the market is 3% and market portfolio return is estimated to be 12%.

P. De Potato, the company CFO would like you to help him examine the viability of the project for the next five years, taking into account the projections of sales and operations costs prepared by company’s accountants.

Your tasks:

Based on the information in the case study, P. De Potato has asked you to write a report to TDT’s management advising them as to the best course of action regarding this project. Your report should address the following specific questions asked by management:

1. Discuss which costs are relevant for the evaluation of this project and which costs are not. Your discussion should be justified by a valid argument and supported by references to appropriate sources

Given what you know about the expected geometry around a carbon atom, which of these cyclic compounds do you think is the most stable? Which is the least stable? To answer these questions first draw the Lewis structures, then build the models. Note the relative difficulty in building each one, carefully look at the carbon-carbon bond angles, and then explain your choices.

a)C3H6 (cyclopropane) b)C4H8 (cyclobutane) c)C6H12 (cyclohexane)

The Industrial Revolution was not a single event, but rather three sequential revolutions: the First, Second, and Third Industrial Revolutions. How would you compare each to the other; how did goals, inventions, scope and spread change? Which revolutionary period do you think caused the most change from the previous condition? Why do you choose that one; what were those changes? What was its effect in emigration's to the new world?

Write a function in python that accepts a sentence as the argument and converts each word to “Pig Latin.” In one version, to convert a word to Pig Latin, you remove the first letter and place that letter at the end of the word. Then you append the string “ay” to the word. Here is an example: English: I SLEPT MOST OF THE NIGHTPIG LATIN: IAY LEPTSAY OSTMAY FOAY HETAY IGHTNAY. Please, I want the coding indented and then the results screen shot.

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

Mullins Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the most recent month are listed below:

The cost of a completed unit transferred out of the department is closest to: (Round equivalent units to the nearest whole number and round all other intermediate calculations to 2 decimal places.)

Multiple Choice

• A. $58.92

• B. $72.52

• C. $62.35

• D. 54.48

Frodo, a 32-year-old mineworker, has developed a persistent cough over the last two weeks accompanied with fever and night sweats. Her doctor is suspecting a tuberculosis (TB) infection.

a. List the detection methods that can be used to confirm TB diagnosis.

b. Name two drugs to be included in the first-line treatment regimen and discuss their mechanism of action in treating TB.

c. What is the purpose of the intensive and continuous phases of TB treatment?

d. While on first-line therapy, Frodo discovers that his contact lenses are starting to turn orange. Which drug is most likely responsible for this effect and why?

Due to his busy schedule, he has neglected to take his medication properly and has now developed a multidrug-resistant TB. The doctor has decided to add streptomycin to his treatment regimen.

e. Since starting his new treatment regimen, Frodo has been experiencing frequent bouts of vertigo. Discuss the most likely reason for this.

f. A few weeks later, Frodo develops an anaerobic bacterial infection in his GIT. He thinks that because he is already taking streptomycin, it should eradicate the infection. Discuss why this assumption is incorrect.

An investor has three possible scenarios for a project as follows: Pessimistic – NOI will be $220,000 for the first year, and then decrease by 3 percent per year over a five-year holding period. The property will sell for $1.7 million after five years. Most likely – NOI will be level at $220,000 per year for the next five years and the property will sell for $2.5 million Optimistic – NOI will be $220,000 the first year and increase 3 percent per year over a five-year holding period. The property will sell for $2.8 million. The asking price of the property is $2.2 million. The investor believes that there is a 30% probability of the pessimistic scenario, a 50% probability for the most likely scenario, and a 20% probability for the optimistic scenario. (a) Compute the IRR for each scenario and the expected IRR for the project. (b) Compute the variance and standard deviation of the IRRs. (c) Would this project be better than one with a 12 percent expected return and a standard deviation of 3 percent? (d) If a loan of $1.2 million is used to purchase the property at an 8 percent interest rate with a 15 year term, calculate the expected IRR and the standard deviation of the return on equity (ignore taxes). Contrast your findings with those obtained in (a) and (b) above.