A project is expected to create operating cash flows of $37,600 a year for 3 years. The initial cost of the fixed assets is $98,000. These assets will be worthless at the end of the project. Also, $3,200 of net working capital will be required throughout the life of the project. What is the project's net present value if the required rate of retum is 14 percent?

Consider a project with free cash flows in one year of ​$143,429 or ​$190,456​, with each outcome being equally likely. The initial investment required for the project is ​$106,859​, and the​ project's cost of capital is 23 %. The​ risk-free interest rate is 6 %.

a. What is the NPV of this​ project?

b. Suppose that to raise the funds for the initial​ investment, the project is sold to investors as an​ all-equity firm. The equity holders will receive the cash flows of the project in one year. How much money can be raised in this way - that ​is, what is the initial market value of the unlevered​ equity?  

c. Suppose the initial ​$106,859 is instead raised by borrowing at the​ risk-free interest rate. What are the cash flows of the levered​ equity, what is its initial value and what is the initial equity according to​ MM?

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Machine A was purchased last year for $10,000 and had an estimated market value of $1,100 at the end of its 6-year life. Annual operating costs are $1,050. The machine will perform satisfactorily for the next five years. A salesman for another company is offering Machine B for $51,000 with an market value of $5,100 after 5 years. Annual operating costs will be $650. Machine A could be sold now for $8,000, and MARR is 13% per year. Using the outsider viewpoint, what is the difference in the equivalent uniform annual cost (EUAC) of buying Machine B compared to continuing to use Machine A; i.e., EUAC(Machine B) – EUAC(Machine A)

Below is a list of domestic output and national income figures for a certain year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditures and the income approaches. The results you obtain with the different methods should be the same.

a. Using the above data, determine GDP by both the expenditures and the income approaches. Then determine NDP.

b. Now determine NI in two ways: first, by making the required additions or subtractions from NDP (method 1); and second, by adding up the types of income and taxes that make up NI (method 2).

1) Prepare entries to record the following events and transactions for Tulia Township for the year 2016.

                  a.   The Township adopted a budget calling for appropriations of $360,000. The estimated revenues (all property taxes) were $340,000.

                  b.   The Township sent property tax bills amounting to $340,000 to property owners.

                  c.   Property owners paid $335,000 of property taxes to the Township.

                  d.   A purchase order of $25,000 was sent to a vendor of supplies.

                  e.   The supplies ordered in transaction d. were received in good order and the accompanying invoice of $24,000 was approved.

2) Following is the adjusted trial balance for the General Fund of the Township of Florida on June 30, 2016, the end of the fiscal year.

Based on this information, prepare:

            1.   closing entries

            2.   the statement of revenues, expenditures, and changes in fund balance for the year

            2.   the balance sheet at June 30, 2016. (Classify the fund balance as Unassigned.)

Based on the financial statements provided, prepare a statement of cash flows for the year ended February 28, 2018.

Assume that Ernesto purchased a laptop computer on July 10 of year 1 for $3,000. In year 1, 80 percent of his computer usage was for his business and 20 percent was for computer gaming with his friends. This was the only asset he placed in service during year 1. Ignoring any potential §179 expense and bonus depreciation, answer the questions for each of the following alternative scenarios: (Use MACRS Table 1, Table 2.) (Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)

a. What is Ernesto's depreciation deduction for the computer in year 1?

b. What would be Ernesto's depreciation deduction for the computer in year 2 if his year 2 usage was 75 percent business and 25 percent for computer gaming?

c. What would be Ernesto's depreciation deduction for the computer in year 2 if his year 2 usage was 45 percent business and 55 percent for computer gaming?

d. What would be Ernesto’s depreciation deduction for the computer in year 2 if his year 2 usage was 30 percent business and 70 percent for computer gaming?

A survey of several 9 to 11 year olds recorded the following amounts spent on a trip to the mall: $20.70, $20.82, $12.32, $19.53, $24.43

Construct the 98% confidence interval for the average amount spent by 9 to 11 year olds on a trip to the mall. Assume the population is approximately normal.

Step 1 of 4: Calculate the sample mean for the given sample data. Round your answer to two decimal places.

Step 2 of 4: Calculate the sample standard deviation for the given sample data. Round your answer to two decimal places.

Step 3 of 4: Find the critical value that should be used in constructing the confidence interval. Round your answer to three decimal places.

Step 4 of 4: Construct the 98% confidence interval. Round your answer to two decimal places.

On January 1^st of this year, the stockholder's equity section in the Slate Gravel Co.  consisted of the following items:

            Common Stock, $1 par value, 1 million shares

            Authorized, 300,000 shares issued & outstanding                   $300,000

            Paid in Capital in Excess of Par (APIC)                                     100,000

            Retained earnings                                                                      500,000

                   Total Stockholder's equity..........                                         $900,000

Based on the information above, prepare journal entries in the spaces below to record the following transactions.  Use good General Journal form, but you may omit explanations:  

April 4            Issued 10,000 shares of stock at $15.00 per share.

June 20       The board of directors declared a $1.00 per share cash dividend payable July 15 to the July 10 stockholder's of record.

July 15           Paid the cash dividend previously declared.

July 22           Issued 5,000 shares of stock for $10.00 per share.

Dec. 18     The board of directors declared a $0.10 per share cash dividend payable January 5th, of next year to the January 1st,stockholder's of record.