You are evaluating a 1-year project that is in line with the firm’s existing business. Specifically, this new project requires an investment of $1,200 in free cash flow today, but will generate $1,600 one year from today. The project will be partially financed with a 1-year maturity debt whose face value is $200 and interest rate is 10%.

Suppose that you estimated the cost of equity as 20%, based on the firm’s stock data. However, you were not able to estimate the cost of debt because your firm’s total debt consists of long-term debt, short-term debt, investment grade debt, and debt with different levels of collateral. Assume that the corporate tax rate is 30%.

a) Under the FTE approach, the NPV of the project is obtained by discounting future FCFE using the _______.

b) What is the NPV of this project?

Perl Corp is expected to have an EBIT of $2,300,000 next year. Depreciation, the increase in net working capital, and capital spending are expected to be $160,000, $100,000, and $140,000, respectively. All are expected to grow at 19 percent per year for four years. The company currently has $12,000,000 in debt and 1,000,000 shares outstanding. After yea 5, the adjusted cash flow from assets is expected to grow at 3 percent indefinitely. The company's WACC is 8.8 percent and tax rate is 25 percent.

What is the price per share of the company's stock?

Echo Company purchased a machine some years ago. At the end of the current year, the company revalued the machine to its fair value. The machine has the following characteristics as at the end of the current year:

Required:

1. Calculate the depreciation expense for the years prior to the revaluation.
2. Calculate the depreciation expense for the years following the revaluation.
3. Record the journal entry for the revaluation adjustment using the elimination method.
4. Record the journal entry for the revaluation adjustment using the proportional method.

Rachel and Bill carry on a partnership together with gross receipts for the current income year of $ 80,000.
During the year the following payments were made:-
$ Purchase of trading stock 18,000
Wages to employees 10,000
Advances to Rachel 35,000
Lease payments on two cars 4,000

Rachel and Bill share the profits in the ration of 3:1.
Stock on hand at the beginning of the year was $ 3,000 and at the end of the year was $ 3,400. Both cars were used for business purposes, but Bill uses his 40% for private purpose as well. Bill also works part-time as a trainer and generated a gross income of 12,000. He subscribes magazines that update his knowledge on the industry and trainings to be provided to his own clients and it costs him $ 800 in annual subscription fees. He also received fully franked dividends from ABC Company of $1,125 in the current income year.

Requirements: a) Calculate the net income of the partnership and the assessable income of the partners. b) Calculate the final tax liability of Bill.  

Periodic Inventory by Three Methods

The units of an item available for sale during the year were as follows:

There are 1,215 units of the item in the physical inventory at December 31. The periodic inventory system is used. Do not round intermediate calculation and round final answer to nearest whole value.

a. Determine the inventory cost by the first-in, first-out method.
$

b. Determine the inventory cost by the last-in, first-out method.
$

c. Determine the inventory cost by the weighted average cost method.
$

What is the monthly payment for a 30-year mortgage with a 3.00% APY? How much of the first payment goes toward reducing the principal amount owed?

Obtain the annual report for the year 2019 for the Goldman Sachs Bank. Using mainly the annual report and other sources if needed answer the following questions : 1.Name the External Audit firm auditing the Bank, What is the responsibility of the audit firm? What are the forms of audit opinions? What is the opinion of the auditors auditing your Bank? 2.What is equity capital?Compare equity capital of your BANK with peer group. How do you see the level of your BANK capitalization?

PLEASE ANSWER AS SOON AS POSSIBLE !!! ILL GIVE YOU IMMEDIATE RATING !!!

Inventory by Three Methods

The units of an item available for sale during the year were as follows:

There are 45 units of the item in the physical inventory at December 31.

Determine the cost of ending inventory using (a) the first-in, first-out method, (b) the last-in, first-out method, and (c) the average cost method.