2. Past Perfect Inc. is a small firm that sells antique furnishings. In the most recent year, the firm generated $ 4 million in after-tax operating income on revenues of $ 40 million; the firm reported book value of equity of $ 8 million and book value of debt of $ 4 million at the beginning of the year. During the year, the firm invested $2 million in a new warehouse for furniture (its only cap ex) and reported depreciation of $1 million in its income statement. The firm’s only working capital item is its inventory, which increased by $ 200,000 during the course of the year. The cost of capital for the firm is expected to be 12% for the next 3 years and 10% thereafter. You have been asked to appraise the value of the company. Assuming that the firm maintains its existing return on capital and reinvestment rate for the next 3 years, estimate the expected free cash flow to the firm each year for the next 3 years. b. Estimate the value of the firm at the end of year 3, assuming that the return on capital stays at the current level but the growth rate drops to 3%. c. Assuming that Past Perfect Inc. has 5 million shares outstanding, estimate the value of equity per share. (You can assume that the book value of debt = market value of debt, and that the debt remained unchanged over the most recent year). You can also assume no cash holdings.

In a potentiometric pH titration of a weak acid, why does the pH change rapidly with the addition of NaOH near the endpoint but changes very slowly for pH values near the pKa of the acid?

1. Toby is considering two hotel projects. Project A will be in Jamaica with an initial investment of $865,000 and Project B will be in Canada with an initial investment of $750,000.

The cost of capital for Project A is 13% and the cost of capital for project B is 15%.
Calculate the following;

1. Calculate the discounted payback period of Project A.                                    
   
2. Calculate the discounted payback period of Project B.                                       
   
3. Calculate the net present value for Project A.                                                   
   
   
4. Calculate the net present value for Project B.   

Managemet can only accept one project. Which project should management accept? Explain your answer.                        

1. Compare the advantages and disadvantages of each pH method (i.e. cost, ease of use- time it takes to set up and take a pH measurement) including accuracy and precision of each method.

2. draw a diagram labeling the two silver/ silver chloride reference electrodes, glass membrane, and porous frit.

3. show how a charge is built up and produces a voltage that is measured.

Which of the following is a PUBLIC good?

A. hotel

B. congested non-toll road

C. herd immunity

D. shared popcorn

As an executive housekeeper of a three (3) star hotel, explain in details with 'examples'  five (5)
constraints on accommodation management in the housekeeping department.