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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 bank 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 $700,000 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 $440,000; 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 5% interest rate. What was the firm's end-of-year cash balance? Recreate the firm's cash flow statement to arrive at your answer. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar, if necessary.
what is the financial conditionds of the casino industry and What financial opportunities do exist in the casino industry
What is the size of the annual coupon payments? What is the current yield on the bond?
The possibility of political risk may be excluded when an investor considers maximizing expected returns. Eurobond issues are denominated in the currency where the bond issue is sold. Disclosure requirements in the Eurobond market are much less strin..
A wireless network is providing connectivity to the local residents. To increase the bandwidth, they are considering the three bandwidth shown below (in $1000 unites). Assume a life of 20 years and a MARR of 8% per year to determine which alternative..
You are considering a project that requires an initial investment of 50000. It's expected cash flows are 10000 per year for the next 6 years. The cost of capital is 10%. What is this project's modified internal rate of return?
The firm's total capital is $115 million and it finances with only debt and common equity. What is its debt-to-capital ratio?
The forward is present premium (or discount) at what percent?
Citigroup issued bonds that pay a coupon interest rateof 6 percent. the bonds mature in 11 years. They are selling for $862. What would be your expected rate of return (yield to maturity) if you bought the bonds? What would the current yield be? What..
A particular security’s equilibrium rate of return is 9 percent. For all securities, the inflation risk premium is 3.25 percent and the real risk-free rate is 2.2 percent. The security’s liquidity risk premium is 0.95 percent and maturity risk premiu..
An office building and its equipment are insured to $7,100,000. The present annual insurance premium is $0.85 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $180,000. Find the rat..
You are considering the purchase of one of two machines used in your manufacturing plant. Machine A has a life of two years, costs $160 initially, and then $95 per year in maintenance costs. Either machine must be replaced at the end of its life with..
Suppose the interest rate is 7.1% APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for five years?
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