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The POP Corporation had sales of $80 million in 2015. Costs other than depreciation and amortization were 60 percent of sales, and depreciation and amortization expenses were $19.6 million. It had $140 million debt with 3.5 % annual interest. All sales revenues were collected in cash, and costs other than depreciation and amortization must be paid for during the year. The corporate tax rate is 35 percent.
a. Set up an income statement for the above information.
b. Compute the net cash flow in 2015, and explain the meaning of the final number you found from the computation.
Red Buckle Inns plans to issue $85,000,000 of 20-year semi-annual bonds in January to help finance an expansion including 120 new hotels. It is now September, and the current cost of debt to the company is 9 percent. What is the implied annual intere..
At the beginning of last year Thomas purchased 100 shares of the Web.com Fund at an NAV of ?$ 15.07 and automatically reinvested all distributions. As a result of? reinvesting, Thomas ended the year with 116 shares of the fund with an NAV of $17.79. ..
Assume General Electric (GE) has about 10.3 billion shares outstanding and the stock price is $37.10. Also, assume the P/E ratio is about 18.3. Calculate the approximate market capitalization for GE.
Uriah Heap celebrated his 18th birthday by opening a savings account at the Thames River Bank and depositing $2, 500. He continued to deposit the same amount on every subsequent birthday until he was 31 years old. What was the amount of Uriah's withd..
Consider a mutual fund with $201 million in assets at the start of the year and with 12 million shares outstanding. The fund invests in a portfolio of stocks that provides dividend income at the end of the year of $3 million. What is net asset value ..
What can a bank do to increase its core deposits? What are the costs and benefits of such efforts? Generally, how might management estimate the relative interest elasticity of various deposit liabilities of a bank?
The Karns Company is deciding whether to drill for oil on a tract of land the company owns. The company estimates the project would cost $8 million today. If the company chooses to drill today, what is the project’s net present value? b. Using decisi..
Determine free cash flows for Dell in each of the three years reported. Compare that amount with net income each year. What pattern do you detect?
You have just purchased a new warehouse. To finance the purchase, you've arranged for a 25-year mortgage for 80 percent of the $1,800,000 purchase price. The monthly payment on this loan will be $10,800. What is the APR?
Suppose you bought a 20-year, $1,000 face-value bond for par 5 years ago. The annual coupon rate on this bond is 8.5% and interest payments are paid annually. The annual coupon rate on this bond is 8.5% and interest payments are paid annually. If ret..
Choose an advertisement from a newspaper or magazine for a product or service about which you have some interest. The ad probably does not have sufficient space to provide all information you need to make an intelligent purchase decision. Write to th..
Yield to maturity and future price. Assume that the yield to maturity remains constant for the next 3 years. What will the price be 3 years from today?
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