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finance
Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project S has an expected life of 2 years withafter-tax cash inflows of $6,000 and $8,000 at the end of Years 1 and 2, respectively. Project L has an expected life of 4 years with after-tax cash inflows of $4,373at the end of each of the next 4 years. Each project has a WACC of 10.75%, and Project S can be...
finance
Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominalyield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's nominal yield to call
finance
Carlyle Inc. is considering two mutually exclusive projects. Both require an initial investment of $15,000 at t = 0. Project S has an expected life of 2 years withafter-tax cash inflows of $7,000 and $12,000 at the end of Years 1 and 2, respectively. Project L has an expected life of 4 years with after-tax cash inflows of $5,200at the end of each of the next 4 years. Each project has a WACC of 10.75%, and neither can be repeated....
Finance
Last year Joan purchased a $1,000 face value corporate bond with an 11% annual coupon rate and a 10-year maturity. At the time of purchase, it had an expected yield tomaturity if 9.79%. If Joan sold the bond today for $1,060.90, what rate of return would she have earned for the past year?
finance
Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation ratesfor such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expectedlife. What is the Year 1 cash flow?Equipment cost (depreciable basis) $48,000Sales revenues, each year $60,000Operating costs (excl. depr.) $25,000Tax rate 35.0%
Finance
Maddox Resources has credit sales of $197,000 yearly with credit terms of net 30 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its customers take the full 30 days to pay. (Use 365 days in a year.) a-1. What is the average receivables balance? (Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Accounts receivable balance $ a-2. What is the receivables turnover? (Round the final answer to 2 decimal places.) Receivables turnover ...
Finance
Your banker has analyzed your company account and has suggested that her bank has a cash management package for you. She suggests that with a concentration banking system, your float can be reduced by three days on average. You, of course, are delighted (you’re not sure why), but you do know your average daily collections amount to $320,000. Your opportunity cost of funds is 9 percent. The bank provides this service for $54,000 plus a compensating balance in your current...
Finance
linda store has estimated monthly financing requirements for the next six months as follows: January$9,400 April$9,400 February3,400 May10,400 March4,400 June5,400 Short-term financing will be utilized for the next six months. Projected annual interest rates are: January8.0% April15.0% February9.0% May12.0% March12.0% June12.0% a. Compute total dollar interest payments for the six months. To convert an annual rate to a monthly rate, divide by 12. (Round intermediate calculations and final answers to 2 decimal places.) Total dollar interest payments $ b-1. Compute the total dollar interest payments if long-term financing at 12 percent had...
finance
The table below shows the activity on the credit card statement of Miss Pepper Mills for the month of April. She started the month with a balance of $342.57. Date Activity Location Amount 04/05 Payment Payment $200.00 04/15 Charge Gas $26.37 04/22 Charge Macy’s $105.42 04/25 Charge Starbuck’s $4.24 a. [4 pts] Find the average daily balance
finance
Suppose you are able to negotiate a selling price of 95% of the MSRP. Write the selling price into the Selling Price line of the contract. You may carry this value down to the Price After Equipment Change line. 4. Assume you have no trade-in. Write your selling price in the Taxable Total line of the contract. 5. [0.5 pt] Calculate the sales tax and write this amount in the Sales Tax line of the contract. In the state of...
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