4 3000 270839 298600 5 n 30 n 25 pmt 518 apr 5 rate

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4 3000 ($2,708.39) $2,986.00 5 n 30 n 25 pmt 518 APR 5 rate 0.1 Periods per year 12 Periods per year 12 $1,170,932.75 $6,845.16 7 Rate 0.12 Year Cash Flow A Cash Flow B 0 -15000 -17000 1 10500 8000 2 7000 7000 3 6000 2500 Total NPV for all 3 years $4,226.04 $500.00 Rate time Cash Flow 0 -75000 1 155000 2 -65000 48.17875% Different Interest Rates 0.11 0.07
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Time Cash Flow 0 1 -500 65 275000 2 -600 3 -700 4 -800 5 -900 6 -1000 ($3,044.99) $5,077.97 $247,475.02 $2,714.89
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Convert APR -> EAR APR 0.05 Periods in a Y 12 EAR 0.0511619 EAR^(m) 0.4167%
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Midterm 1.2380538662 294.8175438597 Tax Rate 0.4 Old New Sales 12000 Net Fixed Ass 10960 10670 <COGS> 7000 Current Asset 6285 7310 Gross Margin 5000 Current Liabil 2820 2570 <Depreciation> 1400 <SG&A> 0 EBIT 3600 <Interest Expense> 730 EBT 2870 <Taxes> 555 Net Income 2315 EBIT 3600 Add: Dep + Amort 1400 Less: Taxes 555 Cash Flow to EBIT + Depreciation - Taxes Operating Cash Flow 4445 CF(Assets) = CF(Stockholders) - CF(Bondh Cash Flows CF(Bondholders) = Debt Issues - Interest OCF 4445 CF(Stockholders) = CF(Assets) - CF(Bondh Change in Working Capital 1275 Net Capital Spending 1110 CF from Assets 2060 Debt Issues 225 Dividends Interest Expense 730 New Stock Issues CF to Bondholders 505 Treasury Stock Cash Flow to Stockholders CF from Assets 2060 <CF from Bondholders> 505 CF(Stockholders) 1555 Cash flow to stockholders = Dividend Payments – New stock issues + Treasury Stocks -190 Cash Flow(Assets) = CF(Bondholders) – CF(Shareholders) Cash Flow(Assets) = Operating CF – Capital Spending – Additions to NWC (increase NWC -> subtract)
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Receivables Credit Sales 355 3.36842105 Turnover A/R 3562.5 Days Sales in 365 108.359375 Receivables Receivables Turnover Growth Rate 0.12 Old New Old New Sales 100000000 112000000 Total Assets 350000000 392000000 Net Income 25000000 28000000 Accounts Pay 50000000 56000000 Dividend 10000000 11200000 Equity 70000000 N/P 230000000 70000000 Total Assets 392000000 Current Liabil 56000000 Total Liabilities 286000000 LT Liabilities 230000000 C/ST 55000000 Total Liabiliti 286000000 Projected Acc R/E 31800000 356000000 EFN 19200000 Equity 70000000 <Initial R/E> 15000000 55000000 C/ST 55000000 Profit Margin 0.25 Debt/Equity Total Liabilities + Debt / (To Projected R/E 16800000 #DIV/0! 0 Payout Ratio 0.4 Plowback Ratio 0.6 1 4.08571429 ROE 0.32258065 4.08571429 Sustainable Growth Rate 0.24 Tax Rate 0 Payout Dividends 0.38222222 Growth Rate 0.12 Ratio (d) NI Old New Old Sales 750000 750000 Assets 538000 <COGS> 650000 650000 Equity 307000 EBIT 100000 100000 C/ST + Paid in 130000 Interest Expense 10000 10000 A/P 65000 EBT 90000 90000 N/P 16000 Taxes 0 0
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NI 90000 90000 Total Assets 602560 Total Liabiliti 238800 Dividend Payment 34400 34400 C/ST 130000 Projected Acc 232600 Change in R/E 55600 EFN 1160 Debt/Equity Total Liabilities + Debt / (Total Equity+EFN-Debt) 0.7524429967 238800 363760 1 #VALUE!
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