Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .7. It’s considering building a new $70 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $7.3 million in perpetuity. The company raises all equity from outside financing. There are three financing options: 1. A new issue of common stock: The flotation costs of the new common stock would be 6.9 percent of the amount raised. The required return on the company’s new equity is 13 percent. 2. A new issue of 20-year bonds: The flotation costs of the new bonds would be 2.4 percent of the proceeds. If the company issues these new bonds at an annual coupon rate of 4 percent, they will sell at par. 3. Increased use of accounts payable financing: Because this financing is part of the company’s ongoing daily business, it has no flotation costs, and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .10. (Assume there is no difference between the pretax and aftertax accounts payable cost.) What is the NPV of the new plant? Assume that PC has a 23 percent tax rate. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
In: Finance
Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .7. It’s considering building a new $70 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $7.3 million in perpetuity. The company raises all equity from outside financing. There are three financing options:
1. A new issue of common stock: The flotation costs of the new common stock would be 6.9 percent of the amount raised. The required return on the company’s new equity is 13 percent.
2. A new issue of 20-year bonds: The flotation costs of the new bonds would be 2.4 percent of the proceeds. If the company issues these new bonds at an annual coupon rate of 4 percent, they will sell at par.
3. Increased use of accounts payable financing: Because this financing is part of the company’s ongoing daily business, it has no flotation costs, and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .10. (Assume there is no difference between the pretax and aftertax accounts payable cost.)
What is the NPV of the new plant? Assume that PC has a 23 percent tax rate. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
In: Finance
Step 1
Picture yourself as a Senior Product Manager in your favorite industry.
Step 2
Create a post describing your new product idea.
In: Operations Management
Step 1
Picture yourself as a Senior Product Manager in your favorite industry.This could be high-tech, financial services, consumer products, electronics, automobiles, restaurants, food services, etc.Choose an industry with which you are familiar.Sit quietly and brainstorm with yourself about a possible new product idea.This does not have to be completely original. It could be as simple as a new flavor of ice cream, a new feature on a hair dryer or a new color iPod/iPad.
Step 2
Create a post describing your new product idea.Be as specific as possible and provide as much detail as you can so that other's reading your post can understand your idea in sufficient detail so as to comment on it. Be sure to state who the product idea is targeted to, that is, who you expect to buy it.How will the new product compare and compete with similar, currently available products? How can labeling and package design help?Consider the labeling for the new product idea. What restrictions and legal requirements have to be fulfilled?Consider the packaging for the new product ideas. If applicable, what sizes will be available? How will the packaging help the product to stand out? How will the packaging help prevent or deter theft?Feel free to attach images to your post, or include links to similar products that might have similar characteristics to the new one you are developing.
In: Operations Management
Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .7. It’s considering building a new $75 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $8.3 million in perpetuity. The company raises all equity from outside financing. There are three financing options: 1. A new issue of common stock: The flotation costs of the new common stock would be 6.4 percent of the amount raised. The required return on the company’s new equity is 13 percent. 2. A new issue of 20-year bonds: The flotation costs of the new bonds would be 2.9 percent of the proceeds. If the company issues these new bonds at an annual coupon rate of 6 percent, they will sell at par. 3. Increased use of accounts payable financing: Because this financing is part of the company’s ongoing daily business, it has no flotation costs, and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .20. (Assume there is no difference between the pretax and aftertax accounts payable cost.) What is the NPV of the new plant? Assume that PC has a 23 percent tax rate. (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole dollar amount, e.g., 1,234,567.)
In: Finance
|
Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .75. It’s considering building a new $47 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $5.9 million in perpetuity. The company raises all equity from outside financing. There are three financing options: |
| 1. |
A new issue of common stock: The flotation costs of the new common stock would be 7.7 percent of the amount raised. The required return on the company’s new equity is 15 percent. |
| 2. |
A new issue of 20-year bonds: The flotation costs of the new bonds would be 3.3 percent of the proceeds. If the company issues these new bonds at an annual coupon rate of 5.6 percent, they will sell at par. |
| 3. |
Increased use of accounts payable financing: Because this financing is part of the company’s ongoing daily business, it has no flotation costs and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .10. Assume there is no difference between the pretax and aftertax accounts payable costs. |
|
What is the NPV of the new plant? Assume that PC has a 23 percent tax rate. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) |
|
In: Finance
|
Photochronograph Corporation (PC) manufactures time series photographic equipment. It is currently at its target debt-equity ratio of .75. It’s considering building a new $47 million manufacturing facility. This new plant is expected to generate aftertax cash flows of $5.9 million in perpetuity. The company raises all equity from outside financing. There are three financing options: |
| 1. |
A new issue of common stock: The flotation costs of the new common stock would be 7.7 percent of the amount raised. The required return on the company’s new equity is 15 percent. |
| 2. |
A new issue of 20-year bonds: The flotation costs of the new bonds would be 3.3 percent of the proceeds. If the company issues these new bonds at an annual coupon rate of 5.6 percent, they will sell at par. |
| 3. |
Increased use of accounts payable financing: Because this financing is part of the company’s ongoing daily business, it has no flotation costs and the company assigns it a cost that is the same as the overall firm WACC. Management has a target ratio of accounts payable to long-term debt of .10. Assume there is no difference between the pretax and aftertax accounts payable costs. |
|
What is the NPV of the new plant? Assume that PC has a 23 percent tax rate. (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole dollar amount, e.g., 1,234,567.) |
***Note: Answer is NOT $5,567,662
In: Finance
Step 1 Picture yourself as a Senior Product Manager in your
favorite industry. This could be high-tech, financial services,
consumer products, electronics, automobiles, restaurants, food
services, etc. Choose an industry with which you are familiar. Sit
quietly and brainstorm with yourself about a possible new product
idea. This does not have to be completely original. It could be as
simple as a new flavor of ice cream, a new feature on a hair dryer
or a new color iPod/iPad.
Step 2 Create a post describing your new product idea. Be as specific as possible and provide as much detail as you can so that other's reading your post can understand your idea in sufficient detail so as to comment on it. Be sure to state who the product idea is targeted to, that is, who you expect to buy it. How will the new product compare and compete with similar, currently available products? How can labeling and package design help? Consider the labeling for the new product idea. What restrictions and legal requirements have to be fulfilled? Consider the packaging for the new product ideas. If applicable, what sizes will be available? How will the packaging help the product to stand out? How will the packaging help prevent or deter theft? Feel free to attach images to your post, or include links to similar products that might have similar characteristics to the new one you are developing.
In: Operations Management
Write a JavaFX application that presents a button and a circle. Every time the button is pushed, the circle should be moved to a new random location within the window.
This must only be one .java file. I cannot use
import javafx.geometry.Insets;
import javafx.scene.canvas.Canvas;
import javafx.scene.canvas.GraphicsContext;
import javafx.scene.layout.HBox;
This is what I have so far:
import javafx.application.Application;
import javafx.event.ActionEvent;
import javafx.event.EventHandler;
import javafx.geometry.Pos;
import javafx.scene.Group;
import javafx.scene.Scene;
import javafx.scene.control.Button;
import javafx.scene.shape.Circle;
import javafx.scene.paint.Color;
import javafx.stage.Stage;
public class CircleJumper extends Application
{
public double circlePositionX = 300;
public double circlePositionY = 300;
@Override
public void start(Stage primaryStage)
{
Circle circle = new Circle(circlePositionX, circlePositionY,
70);
circle.setFill(Color.BLUE);
//create button to create new circle
Button push = new Button("PRESS!");
push.setOnAction(this::processButtonPress);
Group root = new Group(circle, push);
Scene Scene = new Scene(root, 700, 500, Color.WHITE);
primaryStage.setTitle("Circle
Jumper"); // Set the stage title
primaryStage.setScene(Scene); //
Place the scene in the stage
primaryStage.show(); // Display the
stage
}
public void processButtonPress(ActionEvent event)
{
Circle circle = new Circle(Math.random(), Math.random(), 50);
circle.setFill(Color.BLUE);
Group root = new Group(circle);
Scene Scene = new Scene(root, 700, 500, Color.WHITE);
}
public static void main(String[] args)
{
launch(args);
}
In: Computer Science
Step 1
Picture yourself as a Senior Product Manager in your favorite industry.
Step 2
Create a post describing your new product idea.
In: Operations Management