Answer:
$2,152.22
Explanation:
Given that,
FinCorp’s free cash flow (FCFF) = $205 million
Firm’s interest expense, i = $22 million
Tax rate, t = 35%
Growth rate, g = 3%
Cost of equity, e = 12%
Net debt of the firm increases by $3 million
Interest expense (Net of tax) = -i × (1 - t)
= -$22 × (1 - 35%)
= -$22 × 0.65
= -$14.3
FCFE = FCFF + Debt + Interest expense (Net of tax)
= $205 million + $3 - $14.3
= $193.7
Therefore,
Market value of equity = FCFE ÷ (e - g)
= $193.7 ÷ (0.12 - 0.03)
= $2,152.22
When you have a prompt asking you to write about "How" you are being asked to write an Explanatory Essay.
<h3>
What are the Steps to Writing an Explanatory Essay?</h3>
To write an effective explanatory essay, you must ensure that you first research the topic you have been given from credible sources. Remember that your objective is to educate the reader. The key idea here is to demonstrate effective communication.
A. Part 1 is a 150 to 200-word response. Because you are to write about your experience, there is no use going into theories.
All your essays must contain an introduction, body, and conclusion. Use one paragraph for the introduction, one or two more for the body, and the last for the conclusion.
Your introduction is crucial. It should be very interesting that the reader would like to read to the end.
B. In the body of your essay (which should follow after your introduction) you must demonstrate adequate provision of related and relevant evidence to buttress your points.
3. Ensure that your thoughts are organized, that is following one another logically. Do check to ensure that you have no grammatical errors.
Finally, always recap your main points and summarize your findings in the conclusion.
Learn more about Explanatory Essays at:
brainly.com/question/329730
Answer:
The optimal number of pizza that Judith should order is 184.
Explanation:
Judith is introducing pizza in the cafeteria menu.
She is expecting a weekly demand of 10 pizzas.
The cafeteria is open 45 weeks a year.
The ordering cost of pizza for Judith is $15 and the holding cost is $0.40.
The annual demand for pizza
= 
= 450
The optimal number of pizza will be the economic order quantity.
Economic order quantity can be defined as the optimal order quantity that a company should make to minimize its total cost of inventory.
Economic order quantity
= 
= 
= 
= 183.71
So the optimal number of pizza that Judith should order is 184.
What are the following assets
