Answer:
Please refer to the below explanations
Explanation:
• Partial labor productivity
= Sales(units) / Labor(hours)
U.S = 107,000 / 20,600
U.S = 5.19
LDC = 20,200 / 15,600
LDC = 1.29
•Capital equipment productivity
= Sales(units) / Capital equipment(hours)
U.S = 107,000 / 61,800
U.S = 1.73
LDC = 20,200 / 5,660
LDC = 3.57
Answer: SEE EXPLANATION
Explanation:
Given the following ;
Values depending on Success
$150M, $135M, $95M, $80M
Risk free rate = 5% = 0.05
Pervebtage to be lost in case of bankruptcy = 25% = 0.25
A.) 0.25 × [( 150 + 135 + 95 + 80) ÷ 1.05] = $109.52 million
Assume a zero-coupon debt with a $100million face value
B.) 0.25 × [( 100 + 100 + (95×0.75) + (80×0.75)) ÷ 1.05] = $78.87 million
C.) Yield to maturity (YTM)
(100M÷78.87M) - 1
1.2679 - 1 = 0.2679 = 26.79%
Expected return = 5%
D.) Equity value
0.25 × [( 150 + 135 + (95×0.75) + (80×0.75)) ÷ 1.05] = $99.11 million
E.) share if no debt is issued
109.52 ÷ 10 = 10.95 per share
F.) Share price if debt of $100M is issued
99.11 ÷ 10 = 9.91 per share
The price differs because bankruptcy cost will Lower the share price.
It can be all of them or the last 4
The answer is D
(using intensive farming practices that removed protective grasses.)
Hope it helps :)