Answer:
The present Value of my winnings = $4,578,716.35
Explanation:
An annuity is a series od annual cash outflows or inflows which payable or receivable for a certain number of periods. If the annual cash flow is expected  to increase by a certain percentage yearly, it is called a growing annuity.
To work out the the present value of a growing annuity,
we the formula:
PV = A/(r-g) ×  (1-  (1+g/1+r)^n)
I will break out the formula into two parts to make the workings very clear to follow. So applying this formula, we can work out the present value of the growing annuity (winnings) as follows. 
A/(r-g) 
= 460,000/(12%-3%)
= $5,111,111.11 
(1-  (1+g/1+r)^n
1 - (1+3%)/(1+12%)^(27)
=0.8958
PV = A/(r-g) ×  (1-  (1+g/1+r)^n)
$5,111,111.11 × $0.8958
= $4,578,716.35 
The present Value of my winnings = $4,578,716.35
 
 
        
             
        
        
        
Answer:
mowing laws or asking to clean houses
hope this helps
have a good day :)
Explanation:
 
        
                    
             
        
        
        
Answer:
a. 10.04%
b. $82.78
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
a. Expected rate of return or market capitalization = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 5% + 0.72 × (12% - 5%)
= 5% + 0.72 × 7%
= 5% + 5.04%
= 10.04%
The Market rate of return - Risk-free rate of return) is also known as the market risk premium and the same is applied. 
b. Now the intrinsic value would be
= Expected dividend ÷ (Required rate of return - growth rate)  
= $5 ÷ (10.04% - 4%)
= $5 ÷ 6.04%
= $82.78
 
        
             
        
        
        
Answer: Budgeted Raw Material to be consumed in July.
Quantity         Price per pound             Total
10,200                 $6                             $61,200
Explanation:
As for the information provided, the material at month end in hand shall be:
20% of upcoming month's sale.
If in June at month end, the inventory in hand = 2,040 pounds of raw material.
Then, this represents 20% of total requirement of July.
Therefore, total requirement in July = 
This basically means:
Total inventory required =
Quantity         Price per pound             Total
10,200                 $6                             $61,200
 
        
             
        
        
        
Answer:
No
Explanation:
Just why- why would you ask this?