Lewis Health System Inc. has decided to acquire a new electronic health record system for its Richmond hospital. The system receives clinical data and other patient information from nursing units and other patient care areas, then either displays the information on a screen or stores it for later retrieval by physicians. The system also permits patients to call up their health record on Lewis's website.
The equipment costs $1,000,000, and, if it were purchased, Lewis could obtain a term loan for the full purchase price at a 10 percent interest rate. Although the equipment has a six-year useful life, it is classified as a special-purpose computer, so it falls into the MACRS three-year class. If the system were purchased, a four-year maintenance contract could be obtained at a cost of $20,000 per year, payable at the beginning of each year. The equipment would be sold after four years, and the best estimate of its residual value at that time is $200,000. However, since real-time display system technology is changing rapidly, the actual residual value is uncertain.
As an alternative to the borrow-and-buy plan, the equipment manufacturer informed Lewis that Consolidated Leasing would be willing to write a four-year guideline lease on the equipment, including maintenance, for payments of $260,000 at the beginning of each year. Lewis's marginal federal-plus-state tax rate is 40 percent. You have been asked to analyze the lease-versus-purchase decision, and in the process to answer the following questions:
a. What is the present value cost of owning the equipment?
b. What is the present value cost of leasing the equipment?
c. What is the net advantage to leasing (NAL)?
d. Answer these questions one at a time to see the effect of the change on NAL. That is, starting with the original numbers you used for questions a. and b., what is the NAL if:
- interest rate increases to 12 percent
- the tax rate falls to 34 percent
- maintenance cost increases to $25,000 per year
- residual value falls to $150,000
- the system price increases to $1,050,000
e. Do the changes in d. make leasing more or less attractive? Explain.
**Please show all calculations and formulas used to derive the answers**
In: Finance
In: Psychology
Your division is considering two projects with the following cash flows (in millions):
0 | 1 | 2 | 3 |
Project A | -$25 | $5 | $10 | $17 |
Project B | -$20 | $10 | $9 | $6 |
What are the projects' NPVs assuming the WACC is 5%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.
Project A: $ million
Project B: $ million
What are the projects' NPVs assuming the WACC is 10%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.
Project A: $ million
Project B: $ million
What are the projects' NPVs assuming the WACC is 15%? Enter your answer in millions. For example, an answer of $10,550,000 should be entered as 10.55. Negative values, if any, should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to two decimal places.
Project A: $ million
Project B: $ million
What are the projects' IRRs assuming the WACC is 5%? Do not round intermediate calculations. Round your answer to two decimal places.
Project A: %
Project B: %
What are the projects' IRRs assuming the WACC is 10%? Do not round intermediate calculations. Round your answer to two decimal places.
Project A: %
Project B: %
What are the projects' IRRs assuming the WACC is 15%? Do not round intermediate calculations. Round your answer to two decimal places.
Project A: %
Project B: %
If the WACC was 5% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)
-Select-Project AProject BNeither A nor BItem 13
If the WACC was 10% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)
-Select-Project A Project B Neither A nor B Item 14
If the WACC was 15% and A and B were mutually exclusive, which project would you choose? (Hint: The crossover rate is 7.81%.)
In: Finance
The C statistic is also known as the response criterion. This is the amount of evidence an individual requires to make a target-present response. What does a negative C statistic mean? What does a positive C statistic mean? What factors can influence someone’s response criterion?
single detection lab Results
The table below lists several detection statistics for different numbers of noise dots. The most important statistic is d'. It gives a measure of your ability to discriminate displays in which the target was present from displays in which the target was absent. You should find that d' decreases as the number of noise dots increases. It also reports C, a measure of bias (negative = liberal; positive = conservative).
Number of Dots | d' | C | Hits | False alarms | Correct rejections | Misses |
---|---|---|---|---|---|---|
144 dots | 5.582 | -1.509 | 1.000 | 0.100 | 0.900 | 0.000 |
400 dots | 1.683 | 0.000 | 0.800 | 0.200 | 0.800 | 0.200 |
1000 dots | 1.049 | 0.000 | 0.700 | 0.300 | 0.700 | 0.300 |
In: Psychology
What is 3rd wave feminism according to Naomi Wolf and Rebecca Walker?
And how might either the Cyndi Lauper or Indigo Girls video connect to some of the ideas outlined by those scholars?
2 paragraphs
In: Psychology
Assume Highline Company has just paid an annual dividend of $ 0.91 Analysts are predicting an 11.7 % per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 5.1 % per year. If Highline's equity cost of capital is 7.9 % per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell?
In: Finance
If Wild Widgets, Inc., were an all-equity company, it would have a beta of 1.10. The company has a target debt-equity ratio of .45. The expected return on the market portfolio is 11 percent and Treasury bills currently yield 3.9 percent. The company has one bond issue outstanding that matures in 23 years, a par value of $2,000, and a coupon rate of 6.8 percent. The bond currently sells for $2,160. The corporate tax rate is 21 percent. |
a. |
What is the company’s cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
b. | What is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
c. | What is the company’s weighted average cost of capital? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
In: Finance
C++ mainDisplay.cpp
Write the function displayAt that receives the two STL lists; vList and pList. The function should display the elements in vList that are in positions specified by pList. For example, if pList has the elements (2, 5, 6, 8) then the elements in positions 2, 5, 6, and 8 in vList are displayed. Use only the public STL container operations.
In: Computer Science
Assignment
Extend the Game of Life assignment to load its configuration from a file.
Functional Requirements
CODE I HAVE:
#include <stdio.h>
#include <stdlib.h>
#include <unistd.h>
#include "life.h"
int main(int argc, char *argv[]) {
int board[XSIZE][YSIZE];
int rounds = DEFAULTROUNDS;
initBoard(board);
board[5][5] = ALIVE;
board[5][6] = ALIVE;
board[5][7] = ALIVE;
board[6][6] = ALIVE;
printf("Playing %d rounds.\n\n", rounds);
for (int i = 0; i < 15; i++) {
printf("Round: %d\n", i + 1);
printBoard(board);
playRound(board);
sleep(1);
}
return 0;
}
void initBoard(int vBoard[][YSIZE]) {
/* write this functions */
for (int i = 0; i < XSIZE; i++)
for (int j = 0; j < YSIZE; j++)
//Sets it to dead values on the board
vBoard[i][j] = DEAD;
}
void playRound(int vBoard[][YSIZE]) {
int tmpBoard[XSIZE][YSIZE];
initBoard(tmpBoard);
// perform the algorithm on vBoard, but update tmpBoard
// with the new state
for (int x = 0; x < XSIZE; x++) {
for (int y = 0; y < YSIZE; y++) {
int numNeighbors = neighbors(vBoard, x, y);
// If a cell is alive
if (vBoard[x][y] == ALIVE) {
//If it has less than two living neighbors, it dies.
if (numNeighbors < 2)
//SETS TO DEAD
tmpBoard[x][y] = DEAD;
//Else if it has two or three living neighbors, it lives and continues to the next generation
else if (numNeighbors <= 3)
//SETS TO ALIVE
tmpBoard[x][y] = ALIVE;
//Else if it has more than three living neighbors, it dies becuase of overpopulation
else
//SETS TO DEAD
tmpBoard[x][y] = DEAD;
}
//Else if a cell is dead
else {
// if it has exactly three living neighbors, it becomes alive due to reproduction.
if (numNeighbors == 3)
//Sets to ALIVE
tmpBoard[x][y] = ALIVE;
}
}
}
// copy tmpBoard over vBoard
for (int x = 0; x < XSIZE; x++) {
for (int y = 0; y < YSIZE; y++) {
vBoard[x][y] = tmpBoard[x][y];
}
}
}
int onBoard(int x, int y) {
if (x < 0 || x >= XSIZE)
return 0;
else if (y < 0 || y >= YSIZE)
return 0;
else
return 1;
}
int neighbors(int vBoard[][YSIZE], int x, int y) {
int n = 0;
int xp1 = x + 1;
int xm1 = x - 1;
int yp1 = y + 1;
int ym1 = y - 1;
if (onBoard(xm1, y) && vBoard[xm1][y] == ALIVE)
n++;
if (onBoard(xm1, yp1) && vBoard[xm1][yp1] == ALIVE)
n++;
if (onBoard(x, yp1) && vBoard[x][yp1] == ALIVE)
n++;
if (onBoard(xp1, yp1) && vBoard[xp1][yp1] == ALIVE)
n++;
if (onBoard(xp1, y) && vBoard[xp1][y] == ALIVE)
n++;
if (onBoard(xp1, ym1) && vBoard[xp1][ym1] == ALIVE)
n++;
if (onBoard(x, ym1) && vBoard[x][ym1] == ALIVE)
n++;
if (onBoard(xm1, ym1) && vBoard[xm1][ym1] == ALIVE)
n++;
return n;
}
void printBoard(int vBoard[XSIZE][YSIZE]) {
for (int i = 0; i < XSIZE; i++) {
for (int j = 0; j < YSIZE; j++) {
//prints dead characters as - and alive chracters as O
printf("%c ", vBoard[i][j] ? 'O' : '-');
}
//prints space to keep rounds seperate
printf("\n");
}
}
In: Computer Science
Valeri invested $5000 at 9.25% compounded quarterly. After 18 months, the rate changed to 9.75% compounded semi-annually. What amount will Valeri have 3 years after the initial investment?
In: Finance
In a pro forma income statement, do you think a finance manager make changes in the prior year's percentages for different line items? Give an example of a line item that you would expect to vary in percentage every year as sales forecasts grow or changes for Facebook. Be sure to cite and reference your sources if possible.
In: Finance
What is meant by a poison pill, in corporate management? Give an example of how the concept is applied.
In: Finance
The Treasury bill rate is 5% and the market risk premium is 8%. |
Project | Beta | Internal Rate of Return, % |
P | 1.00 | 16 |
Q | 0 | 8 |
R | 2.00 | 22 |
S | 0.40 | 9 |
T | 1.90 | 20 |
a. |
What are the project costs of capital for new ventures with betas of .75 and 1.55? (Do not round intermediate calculations. Round your answers to 2 decimal places.) |
Beta | Cost of Capital |
0.75 | % |
1.55 | % |
b. |
Which of the following capital investments have positive NPVs? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) |
|
In: Finance
Interview a person who is employed in a sex-atypical occupation (e.g., a male dental hygienist or female professor of business in a tenure-track position). What factors affected his or her career decision? What background experiences and/or educational requirements were needed to qualify for this particular job? What were the reactions of families, friends, and coworkers? What diversity-related experiences have stood out for this person at work?
In: Operations Management
C++
Using your completed LinkedList template class, developed in homework and lab, write a program that implements and properly tests the following functions (these functions are not member functions of the class, you will write these function in mainTest.cpp )
1. Function compare that receives two LinkedList objects and compares the data in the nodes of the two lists to check if they are the same. The lists are equal only if they have the same number of nodes and corresponding nodes contain the same data. The function returns true or false to main.
2. Function mergeLists that receives two LinkedList objects. The function merges the sorted lists into a new list then returns the new list object back to main. Display the returned list.
Linkedlist.h link: https://pastebin.com/L4UUT3V8
In: Computer Science