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In three years time, a considerable number of the plant and machinery in your company’s factory will need replacement. As the finance director of your company, you have estimated the amount of money that will be required for purchasing the replacements to be Ghc 280,000. Your company has decided to invest Ghc 10,000 at the end of every quarter at the 20% per annum compounded quarterly.
i. How much would this quarterly investments amount to at the end of the third year?
ii. What additional sum needs to be set aside now in order to provide the Ghc 280,000 at the end of the three years?
iii. Find the effective annual rate of interest.
On September 6, 2016 the U.S. Treasury auctioned $36 billion face value 26-week (182-day) Treasury bills. The U.S. Treasury received non-competitive bids totaling $530 million. What is the corresponding price (as a percent of face value – round to 6 ..
Sunny Corp is an oil drilling company and has some free cash flow that is not expected to be used for growth or investment projects. The company plans to distribute to its sharholders but is still deciding whether they should conduct a stock repurcha..
Operating and financial leverage may exist for firms. Which of the following statements is accurate concerning leverage?
Vosberg, Inc wants to calculate the component costs in its capital structure. Common stock currently sells for $33, and is expected to pay a dividend of $.40. Vosberg's dividend growth rate is 8%, and flotation cost is $1.25. Calculate cost of debt, ..
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Billy D's Basketball Camp is considering a project that will result in initial aftertax cash savings of $3.9 million at the end of the first year, and these savings will grow at a rate of 5 percent per year indefinitely. What is the discount rate tha..
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Prepare journal entries for each transaction. - Prepare the equity section of the balance sheet at each year-end, December 31.
Quint Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.58 million. The fixed asset is classified for taxes under the 3-year MACRS schedule. If the tax rate is 34 percent, what is the ..
Bartlett Company's target capital structure is 40% debt, 15% preferred, and 45% common equity. The after tax cost of debt is 6%, the cost of preferred is 7.50%, and the cost of common using reinvesting earnings will be $800,000. You were hired as a c..
scenario afree-cash-flow valuation of equitymake entries in blue-colored
Firms HL and LL are identical except for their leverage ratios and the interest rates they pay on debt. Each has $16 million in invested capital, has $2.4 million of EBIT, and is in the 40% federal-plus-state tax bracket. Calculate the return on inve..
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