Fundamentals of Corporate Finance Phần 5 ppt
Fundamentals of Corporate Finance Phần 5 ppt
... 3 .5 Value of Blue Skies Horizon, Years PV (Dividends) + PV (Terminal Price) = Value per Share 1 $ 2.68 $72.32 $ 75. 00 2 5. 26 69.74 75. 00 3 7. 75 67. 25 75. 00 10 22.87 52 .13 75. 00 20 38.76 36.24 75. 00 30 ... 40 dd 31 dd 45 2098 352 681 54 88 11097 394 297 359 98 456 8 76 3 050 1637 58 146 4 250 219 99 92866 320 3 256 6 4968 129 12 1 /2 36 9 /16 26 15 /16 29 1 /4...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 1 potx
... and Leases 55 2 The Cash Flows from Leasing 55 3 The Incremental Cash Flows 55 3 A Note on Taxes 55 4 Lease or Buy? 55 5 A Preliminary Analysis 55 5 Three Potential Pitfalls 55 5 NPV Analysis 55 6 A Misconception ... Expected Returns 452 What Happens When the Corporate Tax Rate Is Not Zero 453 Flotation Costs and the Cost of Capital 454 Summary 454 Related Web Links 455 Key...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 2 ppsx
... 3. 153 3.184 3.2 15 3.246 3.278 3.310 4 4.310 4.3 75 4.440 4 .50 6 4 .57 3 4.641 5 5 .52 6 5. 637 5. 751 5. 867 5. 9 85 6.1 05 10 12 .57 8 13.181 13.816 14.487 15. 193 15. 937 20 33.066 36.786 40.9 95 45. 762 51 .160 ... 1.0609 6.0900 Quarterly 4 1 .5 1.0 15 4 = 1.061364 6.1364 Monthly 12 .5 1.0 05 12 = 1.061678 6.1678 Weekly 52 .1 153 8 1.001 153 8 52 = 1.061800 6.1800 Dai...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 3 pot
... Joint Returns Tax Rate, % 0– 25, 750 0–43, 050 15 25, 750 –62, 450 43, 050 –104, 050 28 62, 450 –130, 250 104, 050 – 158 ,55 0 31 130, 250 –283, 150 158 ,55 0–283, 150 36 Over 283, 150 Over 283, 150 39.6 MARGINAL TAX RATE Additional ... 19 95 Net sales 3, 351 3,314 2,8 45 2,796 2,493 2,160 EBIT –9 312 256 243 212 156 Interest 37 63 65 58 48 46 Taxes 3 60 46 43 39 34 Net profit –49 189 1...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 4 docx
... Order $. 05 per Brick Carrying Costs Bricks per Order 2 1,000,000 1 50 0,000 $ 90 $ 25, 000 $ 25, 090 50 0,000 2 250 ,000 180 12 ,50 0 12,680 200,000 5 100,000 450 5, 000 5, 450 100,000 10 50 ,000 900 2 ,50 0 ... 3,400 60,000 16.7 30,000 1 ,50 0 1 ,50 0 3,000 50 ,000 20 25, 000 1,800 1, 250 3, 050 20,000 50 10,000 4 ,50 0 50 0 5, 000 10,000 100 5, 000 9,000 250 9, 250 222 SECT...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 6 doc
... percent Ϫ 25 Ϫ30 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 Ϫ20 Ϫ 15 Ϫ10 5 0 5 10 15 20 25 30 Ϫ 25 Ϫ30 1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46 49 52 55 58 Ϫ20 Ϫ 15 Ϫ10 5 0 5 10 15 20 25 30 Ϫ 25 Ϫ30 1 ... years 0Ϫ10 10 20 30 40 5. 7 9.2 Treasury bonds 0 1 2 3 50 45 40 35 30 25 20 15 10 5 0 4 5 6 7 9 8 0 5 30 25 20 15 10 35...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 7 pot
... Ϫ4 Ϫ 25 Ϫ20 Ϫ 15 Ϫ10 5 0 5 10 15 20 Beta ؍ .61 Standard deviation ؍ 16% 25 (a) Market return, percent Polaroid return, percent ؊26240810؊6؊8؊10 ؊4 ؊ 25 ؊20 ؊ 15 ؊10 5 0 5 10 15 20 25 Beta ؍ .53 Standard ... 2, 456 .70 5. Operating cash flow (3 – 4) 900.00 816.00 728.64 637.79 54 3.30 6. Depreciation 250 .00 250 .00 250 .00 250 .00 250 .00 7. Income (5 – 6) 650 .00 56...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 8 doc
... be 2.00 + . 45 = $2. 45 million. Since the store produces profits of $ .55 mil- lion at a normal level of sales, DOL should be DOL = 1 + fixed costs = 1 + 2.00 + . 45 = 5. 45 profits .55 This value ... costs 8 .5 × planes sold 3. Fixed costs 1 75 4. Depreciation 900/6 = 150 5. Pretax profit (1 – 2 – 3 – 4) (7 × planes sold) – 3 25 6. Taxes (at 50 %) (3 .5 × planes sold) – 162...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 9 doc
... rate of 7 .57 5 75 percent. Should Tasha sign the lease or should it go with the bank? Because Tasha is in a 34 percent tax bracket, the aftertax interest rate would be 7 .57 5 75 ϭ (1 Ϫ .34) = 5 percent. ... value. This is another cost of leasing instead of buying. Lease versus Buy Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Aftertax Ϫ$1, 650 Ϫ$1, 650 Ϫ$1, 650 Ϫ$1, 650 Ϫ$1, 650 le...
Ngày tải lên: 05/08/2014, 13:20
Fundamentals of Corporate Finance Phần 10 potx
... 4.023 4. 259 4 .50 8 4.768 5. 042 5. 329 5. 629 5. 9 45 6.2 75 8 3.278 3 .51 1 3. 759 4.021 4.300 4 .59 5 4.908 5. 239 5. 590 5. 960 6. 353 6.768 7.206 7.669 8. 157 9 3.803 4.108 4.4 35 4.7 85 5.160 5. 560 5. 987 6.444 ... 2. 250 2.260 2.270 2.280 2.290 2.300 3 3 .50 6 3 .53 9 3 .57 2 3.606 3.640 3.674 3.708 3.743 3.778 3.813 3.848 3.883 3.918 3. 954 3.990 4 5. 066 5. 141 5....
Ngày tải lên: 05/08/2014, 13:20