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You have just been hired as a financial analyst for Basel Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the ban at the end of the prior year and its working capital accounts except cash remained constant during the year. It earned $5 million in net income during the year but paid $750,000 in dividends to common shareholders. Throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. You have just spoken to the firm's accountants and annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant and equipment before depreciation. Finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. What was the firm's end-of-year cash balance?
You want to buy a new sports coupe for $74,500, and the finance office at the dealership has quoted you an APR of 5.6 percent for a 48 month loan to buy the car. What will your monthly payments be? What is the effective annual rate on this loan?
Oberon, Inc., has a $30 million (face value) 12-year bond issue selling for 99 percent of par that pays an annual coupon of 8.00 percent. What would be Oberon’s before-tax component cost of debt?
Calculate the expected return over the 4-year period for each of the three alternatives. Calculate the standard deviation of returns over the 4-year period for each of the three alternatives. Use your findings in parts a and b to calculate the coeffi..
You want to borrow $99,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $2,150, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 54-month APR loan?
Your company is considering an investment in a new product. The new product has been developed with a total cumulative investment of 2.5 million. To initiate the product from this point in time, a 1.5 million investment will be required. Construct a ..
Metro City exercises its power of eminent domain to acquire land for a public project, including part of a public transit rail system and a traffic bypass. Metro City relocates more than 10,000 residents from the land and destroys their homes to begi..
The mutual fund industry is beginning to use the Internet to disseminate fund information and effect fund transactions. The Internet also makes it much easier for savers to obtain information about individual securities and much cheaper to trade thes..
Please show me step-by-step instruction using the Future Value of Annuity formula to solve the following: My grandchild will be attending Rutgers University Medical School in New Jersey; four-year college, in year 2036. The college tuition and fees f..
All other variables remaining constant, who would have a higher break-even point: a capital intensive or a labor intensive industry type?
One year ago, your company purchased a machine used in manufacturing for $110,000. You have learned that a new machine is available that offers many advantages; you can purchase it for $150,000 today. It will be depreciated on a straight-line basis o..
Yield to maturity and future price- A bond has a $1,000 par value, 7 years to maturity, and a 9% annual coupon and sells for $1,095. What is its yield to maturity (YTM)? Round your answer to two decimal places.
Everest Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 28% for the next 2 years, 18.00% in year 3 and 4 and after which competitio..
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