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The Queensland Land and Cattle Company (QL&CC) is one of the largest cattle-buyers in the country. It has buyers at all the major cattle auctions throughout eastern Australia who buy on the company’s behalf and then have cattle shipped to Longreach, Queensland, where they are shorted by weight and type before being shipped off to feed lots in Queensland. The company has been considering the replacement of its trucks with a newer, more fuel-efficient fleet for some time, and a local Peterbilt dealer has approached the company with a proposal. The proposal would call for the purchase of 10 new trucks at a cost of $100,000 each. Each new vehicle would be depreciated toward a salvage value of $40,000 over a period of five years. If QL&CC purchases the trucks, it will sell its existing fleet of 10 trucks to the Peterbilt dealer for their current book value of $25,000 per unit. The existing fleet will be fully depreciated in one more year but is expected to be serviceable for five more years, at which time the vehicles would be worth only $5,000 per unit as scrap.
Dinklage Corp. has 10 million shares of common stock outstanding. The current share price is $82, and the book value per share is $5. The company also has two bond issues outstanding. Suppose the most recent dividend was $5.40 and the dividend growth..
Fort Mill Inc. has issued eight-year bonds with a coupon of 6.375 percent and semiannual coupon payments. The required rate of return on such bonds is 7.65 percent. What is the market price of these bonds?
The market price of the firm’s preferred stock is $116.00. The preferred pays a 12.1% annual dividend on its $100 par value. Floatation costs are $4 per share. What is the cost of preferred equity if floatation costs are ignored?
An oil company has installed an offshore production facility for $10 million. The annual maintenance cost of the facility is $60,000 per year for the first year, increasing by $10,000 per year for the next 9 years. In the 11th year, a major overhaul ..
What is the analogous for-profit statement called? What are the main sections of the statement of operations? What are revenues, gains, and other support?
A mining company will spend $28 million in order to exploit a low-grade placer deposit of gold ore. They estimate the deposit will produce profits of $6 million per year for six years. They calculate the net present value (NPV) using an estimated cos..
A project has an initial cost of $43,025, expected net cash inflows of $14,000 per year for 9 years, and a cost of capital of 9%. What is the project's NPV? Do not round your intermediate calculations. Round your answer to the nearest cent. A project..
After a 2-for-1 stock split, Strasburg Company paid a dividend of $1.9 per new share, which represents a 9% increase over last year's pre-split dividend. What was last year's dividend per share?
Calculate a table of interest rates based on the information - Liquidity premium
You enter into an automatic savings plan with RBC where $1250 is deducted from your paycheck at the end of each quarter starting on March 31, 2014 (first payment) to December 31, 2019 (last payment). If the account pays 8% (APR, monthly compounded), ..
For each of the following coverages briefly describe the type of coverage provided and give an example of a loss that would be covered.
Amarillo Parts is considering purchasing a small firm in the same line of business. The purchase would be financed by either the sale of common stock or by a bond issue. The financial manager wants to evaluate how the two alternative financing plans ..
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