ALC wants to finance its expansion into new markets and has decided to sell 124,650 new shares of equity. The offer price will be $21 per share, the accounting and legal fees are expected to be $537,911, and the company's underwriters will charge a spread of 7.6 percent. How much will ALC received in net proceeds?

High Mountain Gear issued 200,000 shares of stock last week. The underwriters charged a spread of 3.7 percent in exchange for agreeing to a firm commitment. The legal and accounting fees were $233,941. The company incurred $30,543 in indirect costs. The offer price was $16 a share. Within the day of of trading, the stock was selling for $20 a share. What was the flotation cost?

New schemes announced by the budget statement include ten new hawker centers by 2027, a third desalination plant, SkillsFuture initiative to support lifelong learning for adults, and a second edition of Construction Productivity Roadmap to boost the industry’s capabilities.

Source: The Straits Times, March 13, 2015

1- Explain the supply-side effects of building ten new hawker centers and a third desalination plant. ?

2- a ) Explain the potential supply-side and demand-side effects of Skills Future initiative.?

b ) Explain the potential supply-side and demand-side effects of adopting new technologies to boost productivity in the construction industry.?

c )Draw a graph to illustrate the combined demand-side and supply-side effect of the fiscal policy measures in part (a).?

Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $9 million, and production and sales will require an initial $4 million investment in net operating working capital. The company's tax rate is 40%.

1. What is the initial investment outlay? Enter your answer as a positive value. Enter your answer in dollars. For example, an answer of $1.2 million should be entered as $1,200,000. Round your answer to the nearest dollar.

   $  

2. The company spent and expensed $150,000 on research related to the new project last year. Would this change your answer?

   -Select-YesNoItem 2 , last year's $150,000 expenditure -Select-isis notItem 3 considered a sunk cost and -Select-doesdoes notItem 4 represent an incremental cash flow.

3. Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.5 million after taxes and real estate commissions. How would this affect your answer?

   The project's cost will -Select-increasedecreasenot changeItem 5 .

Britton Carter is interested in building a new hotel in Queenstown, New Zealand. His company estimates that the hotel would require an initial investment of $20 million, would produce a positive cash flow of $6.5 million a year and at the end of each of the next 15 years can be salvaged (after tax) $10 million at t=15. The company recognizes that the cash flow could in fact be much higher or lower depending on whether that area becomes a popular tourist area. It is believed that at the end of two years, a 15% chance exists in the tourism will not be spreading in that direction and yearly cash flow will be only $2.5 million for 15 years within after-tax salvage value of $7 million and 85% chance exists that tourism will be heading that way in the yearly cash flow will be $8.5 million for 15 years with an after-tax salvage value of $18 million. If the firm waits two years, the initial investment will be $25 million. The project's cost of capital is 12%. Should the firm proceed with the project today or should it wait two years before deciding? (Round NPVS to the nearest dollar) choose the closest answer

A. wait two years, the NPV of building today is $2,745,595 worst in the NPV for waiting two years.

B. Build it now since the NPV of building today is $2,38,340 better than the NPV for waiting two years

C. Wait two years the NPV of building today is $3,652,072 worst in the NPV for waiting two years

D. Build it now since the NPV of building today is $4122163 better than the NPV of waiting two years

E. Build it now since the NPV a building today is $1,580,882 better than the MPV for waiting two years

Hurricane Sandy.  Both New Jersey and New York continue to identify and prosecute contractors that have taken advantage of victims of this storm.  What types of services did victims of Sandy buy?  Who can be a contractor?  Who regulates these contractors?  Why is it so easy for someone to become a victim?  What protections are there for these victims?

Please describe the frauds that have occured.  How were they perpetuated and why is it so easy to commit these frauds.

a marketing survey Involves product recognition in New York and California. of 686 New Yorkers surveyed, 151 knew the product while 815 out of 109 Californians knew the product. At the 14% significance level, use the critical value method to test the claim that the recognition rates are the same in both states.

1.) Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $17 million, and production and sales will require an initial $2 million investment in net operating working capital. The company's tax rate is 25%. Enter your answers as a positive values. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Round your answers to two decimal places.

What is the initial investment outlay? $ million

The company spent and expensed $150,000 on research related to the new project last year. What is the initial investment outlay? $ million

Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.1 million after taxes and real estate commissions. What is the initial investment outlay? $   million

2. Although the Chen Company's milling machine is old, it is still in relatively good working order and would last for another 10 years. It is inefficient compared to modern standards, though, and so the company is considering replacing it. The new milling machine, at a cost of $108,000 delivered and installed, would also last for 10 years and would produce after-tax cash flows (labor savings and depreciation tax savings) of $19,500 per year. It would have zero salvage value at the end of its life. The project cost of capital is 10%, and its marginal tax rate is 25%. Should Chen buy the new machine? Do not round intermediate calculations. Round your answer to the nearest cent. Negative value, if any, should be indicated by a minus sign.

NPV: $  

Chen -Select-should or shouldn't purchase the new machine.

Zeynab Inc. is considering a new 5-year expansion project that consists of setting up a new manufacturing plant. The company bought a land 3 years ago for $1.1 million but did not use it. The company wants to build its new manufacturing plant on this land; the plant will cost $1.9 million to build. If the land was sold today, the company would net $1.2 million.

Assume a straight-line depreciation (of the initial investment in fixed assets). This project is estimated to generate additional annual sale quantities of 800,000 for $4.5 per unit. Annual variable costs are expected to be $2,260,000 and fixed costs would be $150,000 per year.  An upfront investment in inventory of $25,000 will be reclaimed at the end of the project and there is no salvage value. Suppose that the required return on the project is 12 % and the tax rate is 35%.

1. What is the proper cash-flow amount to use as the initial investment in fixed assets when evaluating this project? Justify your answer by specifying which costs are incremental and which costs are not incremental. (Hint: You will find that the investment in fixed assets is equal to $3.1 million).

2. The tax rate being 35%, compute the OCF for each year of this project using the four different approaches and verify that the answer is the same in each case.

3. Assume the company will accept the project if it gets back its initial investment in fixed assets within 3 years. Would it accept or reject the project according to this payback period criterion? Justify your answer.

4. Would the company accept or reject the project according to the discounted payback period criterion? Justify your answer by providing the detailed computations.

5. What’s the NPV for this 5-year project? All computations must be provided.

6. According to NPV, should the corporation accept or reject the project?

7. Is there any conflict between NPV and the payback period criterion? If yes, which one should be used?

Please answer all the parts. It is one question with different parts.

Please give it your best attempt. I do not have more information on it.

6) A marketing survey involves product recognition in New York and California. Of 560 New Yorkers surveyed, 195 knew the product while 195 out of 600 Californians knew the product. a. Construct a 90% confidence interval. b. At the 0.05 significance level, test the claim that the recognition rates are the same in both states.

Sam’s Shingle Corporation is considering the purchase of a new automated shingle-cutting machine. The new machine will reduce variable labor costs but will increase depreciation expense. Contribution margin is expected to increase from $303,660 to $342,220. Net income is expected to be the same at $48,200.

Compute the degree of operating leverage before and after the purchase of the new equipment. (Round answers to 1 decimal place, e.g. 1.5.)

Degree of operating leverage (old) =

Degree of operating leverage (new)=