# Problem 10.14 Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires...

Problem 10.14 Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices. The process requires new machinery that would cost $2,111,359. have a life of five years, and would produce the cash flows shown in the following table. Year Cash Flow 1 $602,952 2 -287,525 3 933,809 4 998,838 5 771,435

What is the NPV if the discount rate is 12.91 percent? (Enter negative amounts using negative sign e.g. -45.25. Round answer to 2 decimal places, e.g. 15.25.) NPV is $

Problem 11.20 Archer Daniels Midland Company is considering buying a new farm that it plans to operate for 10 years. The farm will require an initial investment of $11.80 million. This investment will consist of $2.90 million for land and $8.90 million for trucks and other equipment. The land, all trucks, and all other equipment is expected to be sold at the end of 10 years at a price of $5.24 million, $2.50 million above book value. The farm is expected to produce revenue of $2.02 million each year, and annual cash flow from operations equals $1.82 million. The marginal tax rate is 35 percent, and the appropriate discount rate is 9 percent. Calculate the NPV of this investment. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) NPV $

The project should be

Problem 11.24 Bell Mountain Vineyards is considering updating its current manual accounting system with a high-end electronic system. While the new accounting system would save the company money, the cost of the system continues to decline. The Bell Mountain’s opportunity cost of capital is 13.0 percent, and the costs and values of investments made at different times in the future are as follows: Year Cost Value of Future Savings (at time of purchase) 0 $5,000 $7,000 1 4,450 7,000 2 3,900 7,000 3 3,350 7,000 4 2,800 7,000 5 2,250 7,000 Calculate the NPV of each choice. (Round answers to the nearest whole dollar, e.g. 5,275.) The NPV of each choice is: NPV0 = $ NPV1 = $ NPV2 = $ NPV3 = $ NPV4 = $ NPV5 = $ Suggest when should Bell Mountain buy the new accounting system? Bell Mountain should purchase the system in .

Problem 12.24 Chip’s Home Brew Whiskey management forecasts that if the firm sells each bottle of Snake-Bite for $20, then the demand for the product will be 15,000 bottles per year, whereas sales will be 84 percent as high if the price is raised 18 percent. Chip’s variable cost per bottle is $10, and the total fixed cash cost for the year is $100,000. Depreciation and amortization charges are $20,000, and the firm has a 30 percent marginal tax rate. Management anticipates an increased working capital need of $3,000 for the year. What will be the effect of the price increase on the firm’s FCF for the year? (Round answers to nearest whole dollar, e.g. 5,275.) At $20 per bottle the Chip’s FCF is $ and at the new price Chip’s FCF is $ .

Problem 13.11 Capital Co. has a capital structure, based on current market values, that consists of 42 percent debt, 12 percent preferred stock, and 46 percent common stock. If the returns required by investors are 9 percent, 11 percent, and 19 percent for the debt, preferred stock, and common stock, respectively, what is Capital’s after-tax WACC? Assume that the firm’s marginal tax rate is 40 percent. (Round intermediate calculations to 4 decimal places, e.g. 1.2514 and final answer to 2 decimal places, e.g. 15.25%.) After tax WACC = %

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hi,

xxxxx you so much !!!!!! xxx xxxxxx the tutorial. I am very xxxx xxx xxxx xx xxxxxxxxxx by xxxxxxxxx these xxxxxxxxx for xxxx xxxxxxx help me by giving a xxxx review to this xxxxxx Well, xxxxx I xxxxxx xxxxxxx xxx to refer xx xx xxxx xxxxxxx and xxxx xxxx poor person xx make xx xxxxxxxxxxx xxxxxx help me xx xxxxxxx refine xx xxxxxxxx towards you xx xxxxxxxxxx

xx x xxxx any xxxx xx xxxx xxxx xxx rest of xxx class or other classes xxxxxxxx let xx know.

xxxxxxx xxxxxxx - xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

xx

x would be xxxxx to xxxx xxx

best xxxxxxx

putul

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# xxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx THE DATA xx xxxxxx xxxxx xx xxx ANSWER | |||||

xxxxx | Briarcrest xxxxxxxxxx is a xxxxxxxxxxxx xxxxx Recently, xx xxxxxxxxx x new xxxxxxx for producing xxxxxxx xxx process xxxxxxxx new machinery | ||||

xxxx xxxxx xxxx | xxxxxxxxxxxxx | xxxx x xxxx xx xxxx years, and would xxxxxxx xxx cash xxxxx xxxxx xx the following table. | |||

What is xxx xxx if xxx discount xxxx xx | 15.9 | percent | |||

year | xxxx Flow | xxx 15.9% | Discounted cash xxxx | ||

1 | $512,496.00 | * xxxxxx | $442,188.09 | ||

xxx x xxxxxxx xxxx xxx xxxxxxxx | 2 | xxxxxxxxxxxx | x 0.7444 | xxxxxxxxxxxxx | |

xxxxxxx | 3 | xxxxxxxxxxx | x xxxxxx | $523,204.78 | |

x | $887,225.00 | x 0.5542 | $491,699.79 | ||

x | $712,642.00 | x xxxxxx | $340,764.41 | ||

xxxxxxxxxxxxx | |||||

Less : xxxxxxx investment | $1,968,450.00 | ||||

NPV | xxxxxxxxxxxx | (Answer) | |||

xxxxx | xxxxxx Daniels Midland xxxxxxx xx xxxxxxxxxxx buying a xxx xxxx that xx plans xx xxxxxxx xxx 10 years. xxx farm xxxx require xx xxxxxxx | ||||

xxxxxxxxxx of | $12.00 | xxxxxxxx xxxx xxxxxxxxxx will consist xx xxxxx million xxx land and $10.00 million xxx trucks xxx other equipment. | |||

The land, all trucks, xxx xxx other xxxxxxxxx is xxxxxxxx xx be xxxx at the xxx of xx xxxxx xx x price xx | $5.00 | xxxxxxxx | |||

xxxxx | xxxxxxx above book xxxxxx xxx xxxx is xxxxxxxx to xxxxxxx xxxxxxx of $2.00 million each year, and xxxxxx xxxx xxxx | ||||

xxxx operations | equals | xxxxx | million. xxx marginal xxx xxxx is | xx | xxxxxxxx and |

xxx xxxxxxxxxxx xxxxxxxx xxxx xx | 10 | xxxxxxxx xxxxxxxxx the xxx xx this investment. | |||

(10 xxxxxx | xxx | xxxxxxxx 10% | xxxxxxx xxxxx | ||

a | x | x x a x |

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## FIN 571 Final Exam (30 Multiple Choice Questions) (100% score)

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FIN xxx xxxxx xxxx xxx xxxxxxxx xxxxxx xxxxxxxxxxxx (100% xxxxxx

xx

xx

xx

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**Which of the xxxxxxxxx is considered a hybrid xxxxxxxxxxxxxx xxxxx**

**xxxxxxx xxxxxxxxx partnership**

xxxxx of the following is x xxxxxxxxx within the xxxxxx xxxxxxxxxxxxx

a shareholder

Which xx the xxxxxxxxx presents x summary xx the changes xx a firm’x balance sheet xxxx the beginning xx xx accounting period to xxx end xx xxxx accounting xxxxxxx

The statement xx cash flows.

xxxxxxx xxxxx has current xxxxxx xx $ 1,456,312 and xxxxx assets of $4,812,369 xxx the year xxxxxx xxxxxxxxx xxx xxxxx xx also xxx current xxxxxxxxxxx xx $1,041,012, common equity of $1,500,000, and retained xxxxxxxx xx xxxxxxxxxxx xxx xxxx xxxxxxxxx xxxx xxxx the firm have?

xxxxxxxx

xxxxxxx Corp. has an inventory turnover xxxxx of 5.6. What is xxx firm's days's sales xx xxxxxxxxxx

65.2 days

Your xxxx xxx xx xxxxxx xxxxxxxxxx xx 2.47. xxxx xx its xxxxxxxxxxxxxx ratio?

xxxx

xxxxx xx xxx following is not a method xx “xxxxxxxxxxxx”x

xxxxxxx the xxxxxx system xx xxxxxxx a xxxx’x performance.

Jack Robbins xx xxxxxx

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## FIN 571 WEEK 6 Finals. 30 MCQ with 100 percent score.

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xxx x xxxxxxx work.

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xxxxx of xxx xxxxxxxxx xx considered x xxxxxx organizational form?

**xxxxxxx xxxxxxxxx partnership**

Which xx xxx following xx a principal within the xxxxxx xxxxxxxxxxxxx

**x shareholder**

xxxxx of xxx xxxxxxxxx xxxxxxxx x xxxxxxx of the xxxxxxx xx a firm’s balance xxxxx xxxx xxx beginning of xx accounting period xx xxx end of xxxx accounting xxxxxxx

**xxx statement of cash xxxxxx**

xxxxxxx Inc., has xxxxxxx assets of x 1,456,312 and xxxxx xxxxxx of xxxxxxxxxx for the year xxxxxx xxxxxxxxx 30, xxxxx It xxxx xxx current liabilities of $1,041,012, xxxxxx equity xx $1,500,000, xxx xxxxxxxx xxxxxxxx xx xxxxxxxxxxx xxx much xxxxxxxxx xxxx does xxx xxxx xxxxx

**xxxxxxxx**

Gateway Corp. xxx xx inventory turnover ratio of xxxx What xx the xxxxxx days's xxxxx in xxxxxxxxxx

**65.2 xxxx**

Your firm has an xxxxxx multiplier of 2.47. xxxx is xxx debt-to-equity ratio?

**1.47**

xxxxx of xxx following is xxx a xxxxxx xx “benchmarking”?

**xxxxxxx xxx xxxxxx system to analyze x firm’s performance.**

xxxx Robbins is xxxxxx

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## FIN/571 FIN 571 FIN571 Week 6 - WileyPlus Complete - A+ Guaranteed (matches your assignment!)

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FIN/571 FIN xxx xxxxxx xxxx 6 x xxxxxxxxx xxxxxxxx x A+ xxxxxxxxxx xxxxxxxx your assignment!)

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# xxxxxxxxxx

xxxxxxxxxxMachinery xxxx | xxxxxxx | |

Year | Cash xxxx | |

1 | xxxxxx | 430344.55618714477 |

2 | xxxxxxx | -211297.52030879658 |

x | xxxxxx | xxxxxxxxxxxxxxxxxx |

4 | 1073276 | xxxxxxxxxxxxxxxxxx |

5 | 810915 | xxxxxxxxxxxxxxxxx |

xxxxxxxx xxxx | xxxxx | |

xxx | xxxxxxxxxxxxxxxxx |

# xxxxxx Daniels

xxxxxxxxxxxxxxxxxxxInitial Investment xxxxxx in xxxxxxxxx | 12.1 | 12100000 | |

Years xx xxxxxxxxx | xx | xxxxx after xx xxxxx | 5.09 |

xxxxxxxx Rate | 0.1 | xxxxx book value | 2.1 |

xxx rate xxx xxxxxxxx | xxxx | Book xxxxx | 2.9899999999999998 |

xxxxxx Cash Flow | x | xxxxxxx | |

PV xxxxxx | 0.61445671057046858 | 6.1445671057046853 | |

PV Factor | xxxxxxxxxxxxxxxxxx | ||

Book xxxxx | 5.09 | xxx | 2990000 |

xxxx Price | xxxxxxx | ||

xxxxx xxx | xxxxxx | ||

Present Value | xxxxxxxxxx | ||

xxx | 1868175.24 |

# xxxx Mountain

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx | xxxx | xxxxx of Future Savings at time xx xxxxxxxx | ||

x | 5000 | xxxx | xxxx | xxxx |

x | xxxx | xxxx | 2750 | xxxx |

x | 3500 | 7000 | 3500 | xxxx |

x | 2750 | xxxx | xxxx | xxxx |

4 | xxxx | 7000 | 5000 | xxxx |

x | 1250 | 7000 | 5750 | 3234 |

xxxxxxxxxxx Cost of xxxxxxx | 12.2 | |||

xxxx x | 2000 | |||

NPV1 = | xxxx | |||

NPV2 x | 2780 | |||

NPV3 = | 3009 | |||

xxxx x | xxxx | |||

xxxx = | xxxx |

# xxxxxx Home xxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xx xxx product | 15000 | |

Price xx xxxx bottle | xx | |

Price Raise | 0.14000000000000001 | xxxxxxxxxxxxxxxxxx |

xxxxxxxx in xxxxx | xxxx | 13950 |

Variable xxxx xxx bottle | xx | |

xxxxx fixed cash cost | xxxxxx | |

xxxxxxxxxxxx and Amort. | 20000 | |

xxxxxxxx tax rate | xxx | (enter xx decimal) |

Working Capital | 3000 | |

xxxxxxxx | With xxxxx increase | |

xxxxxxx | xxxxxx | xxxxxxxxxxxxxxxxxx |

VC | xxxxxx | 139500 |

xx | xxxxxx | 100000 |

D&x | xxxxx | xxxxx |

EBIT | 30000 | xxxxxxxxxxxxxxxx |

xxx | xxxx | 17568 |

xxxxx | 21000 | 40992 |

x&A | 20000 | 20000 |

Add WC | xxxx | 3000 |

xxx | xxxxx | xxxxx |

xxxxxx 1 | 38000 | |

xxxxxx x | xxxxx |

# Capital xxx

xxxxxxxxxPercent composition | Return | |

xxxx | 32 | 11 |

Preferred xxxxx | x | xx |

Common xxxxx | 60 | 15 |

xxxxxxxx xxx xxxx | xx | |

xxxx | xxxxxx |

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## Fin 571 Week 6 Assignment__Done CORRECTLY in Excel Template with STEP BY STEP CALCULATION

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## Fin 571 xxxx x xxxxxxxxxxxxxxxx CORRECTLY xx Excel Template xxxx STEP BY xxxx CALCULATION

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# 10.14

xxxxxxxxxxxxxxxxxxxx | Cash Flow | xxxxxxxx Rate | xxxx | PV |

x | xxxxxxxx | xxxxxx | xxxxxxxxxxxx | $409,865.35 |

x | -283,206 | xxxxxx | 0.7355342479 | xxxxxxxxxxxx |

3 | 719,092 | 16.60% | xxxxxxxxxxxx | $453,616.46 |

4 | 722,822 | xxxxxx | xxxxxxxxxxxx | $391,054.39 |

x | 869,209 | 16.60% | 0.4639885334 | $403,303.01 |

xxxxx xxxxxx | xxxxxxxxxxxxx | |||

Outflow | -$2,131,241.00 | |||

NPV | xxxxxxxxxxxx | |||

Change xxx xxxxx in the xxx Mark According to xxxx xxxx |

# 11.20

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Cash xxxx | $1,970,000.00 | |

Year | xx | |

Discount Rate | 9% | |

xxxxxxx xxxxx | $12,642,785.67 | |

Total Sell xxxxx | $5,160,000.00 | |

xxxx xx xxxx of Land, Equipment | $2,480,000.00 | xxxx xxxxx xx xxx value above xxx Book Value |

Tax Rate | xxx | |

Cash xxxx xxxxx xxx payment | $1,612,000.00 | |

Cash xxxx | $2,680,000.00 | |

xxxxx xxxx xxxx | xxxxxxxxxxxxx | |

xxxxxxxx xxxx | xx | |

xxxx | 10 | |

xx xx CF | xxxxxxxxxxxxx | |

Total xxxx Inflow | $14,455,772.85 | |

xxxxxxxxxx | -$12,100,000.00 | |

NPV | $2,355,772.85 | |

Change the xxxxx xx the xxx xxxx According xx xxxx Need |

# xxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxYear | xxxx | ||||||

xxxxx of future | xxxxxxxx Rate | PVIF | xx | PV xx Cost | xxx | ||

0 | 5000 | $7,000 | xxxxxx | 1 | $7,000 | xxxx | xxxxxx |

x | 4600 | xxxxx | xxxxxx | 0.8748906387 | $6,124 | 4024.4969378828 | xxxxxx |

2 | xxxx | xxxxx | xxxxxx | xxxxxxxxxxxx | xxxxxx | 3214.8212444573 | xxxxxx |

3 | 3800 | xxxxx | 14.30% | 0.6696707171 | xxxxxx | xxxxxxxxxxxxxxx | $2,143 |

x | xxxx | 7,000 | xxxxxx | xxxxxxxxxxxx | xxxxxx | 1992.0213806671 | xxxxxx |

x | xxxx | xxxxx | 14.30% | 0.5125884876 | xxxxxx | xxxxxxxxxxxxxxx | xxxxxx |

Change xxx Value in xxx Red xxxx According xx your xxxx |

# 12.24

xxxxxxxxxxxxxxxxxxxxAT xxx xxxxx | xx xxx xxxxx | ||||

xxxxxx | 15000 | Demand | 12600 | ||

Price | xxxxxx | Price | xxxxxx | xxxxx increase | 13% |

xxxxxxx | $300,000.00 | xxxxxxx | xxxxxxxxxxx | Demand xxxxxx | 84% |

xxxxxxxx Cost xxx bottle | $10.00 | xxxxxxxx xxxx per xxxxxx | xxxxxx | ||

xxxxx xxxxxxxx xxxx | xxxxxxxxxxx | xxxxx Variable Cost | xxxxxxxxxxx | ||

Fixed Cost | $100,000.00 | Fixed xxxx | $100,000.00 | ||

xxxxx xxxx | xxxxxxxxxxx | xxxxx Cost | $226,000.00 | ||

xxxxxxxxxxxx | $20,000.00 | Depreciation | $20,000.00 | ||

EBT | xxxxxxxxxx | xxx | xxxxxxxxxx | ||

Tax | 30% | xxx | xxx | ||

xxx xxxxxxx | $9,000.00 | xxx |

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# xxxxxx

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx is x spice-making firm. xxxxxxxxx xx developed a new xxxxxxx for xxxxxxxxx spices. xxx xxxxxxx requires new machinery xxxx would xxxx xxxxxxxxxxx have a xxxx of xxxx xxxxxx xxx would produce xxx xxxx flows xxxxx xx the xxxxxxxxx table. | ||

xxxx | Cash xxxx | |

0 | -$1,973,371 | |

1 | xxxxxxxx | |

x | -$300,797 | |

3 | $647,981 | |

4 | xxxxxxxx | |

5 | xxxxxxxx | |

xxxxxxxx rate | xxxxxx | |

NPV | -$454,793.01 | |

Archer Daniels Midland Company xx considering buying a xxx xxxx xxxx xx xxxxx xx operate xxx 10 years. The farm xxxx xxxxxxx xx initial xxxxxxxxxx of xxxxxx xxxxxxxx xxxx xxxxxxxxxx will xxxxxxx of $2.60 xxxxxxx xxx land and $9.40 xxxxxxx xxx xxxxxx and xxxxx xxxxxxxxxx xxx land, xxx xxxxxxx xxx all xxxxx xxxxxxxxx xx expected xx be xxxx xx xxx xxx xx xx xxxxx at x xxxxx of $5.16 xxxxxxxx $2.23 xxxxxxx xxxxx xxxx value. xxx xxxx xx expected to xxxxxxx revenue of $2.09 million each year, xxx xxxxxx xxxx flow xxxx operations equals $1.99 xxxxxxxx The xxxxxxxx tax rate xx 35 percent, xxx the appropriate discount xxxx is 9 percent. xxxxxxxxx xxx NPV of this investment. (Round xxxxxxxxxxxx calculations and final xxxxxx to 2 xxxxxxx places, xxxx xxxxxxx | ||

All xxxxxxx in Million | ||

xxxx Flow | Net Cash xxxx | |

Year | Initial xxxxxxxxxx | xxxxxx xxxx |

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# 10.14

xxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxx xx a spice-making firm. Recently, it xxxxxxxxx a new process for xxxxxxxxx spices. xxx xxxxxxx requires new machinery xxxx xxxxx xxxx xxxxxxxxxxx xxxx a xxxx xx five xxxxxx and would xxxxxxx the cash xxxxx shown in the xxxxxxxxx table. | |||

invest | 2111359 | Year Cash xxxx | |

x xxxxxxxx | |||

1 | xxxxxx | 534011.15933044022 | x -287,525 |

x | xxxxxxx | xxxxxxxxxxxxxxxxxxx | 3 933,809 |

3 | 933809 | 648725.29635281966 | 4 998,838 |

x | xxxxxx | xxxxxxxxxxxxxxxxxx | x 771,435 |

5 | xxxxxx | xxxxxxxxxxxxxxxxxx | |

xxxx xx xxx NPV xx xxx discount rate is xxxxx percent? (Enter xxxxxxxx xxxxxxx using negative sign e.g. xxxxxxx Round answer xx 2 decimal places, e.g. 15.25.) | |||

return | xxxxx | ||

NPV | xxxxxxxxxx |

# xxxxx

xxxxxxxx xxxxxxxxxx | 11.8 | xxxxxxxx | xxxxxx Daniels Midland xxxxxxx is considering buying a new xxxx xxxx it xxxxx xx operate for 10 xxxxxx xxx xxxx will require an initial investment of xxxxxx xxxxxxxx This xxxxxxxxxx will xxxxxxx of xxxxx xxxxxxx xxx xxxx and $8.90 million xxx xxxxxx xxx xxxxx xxxxxxxxxx xxx xxxxx xxx xxxxxxx xxx xxx other equipment xx xxxxxxxx to be xxxx at xxx end of 10 years at a price of $5.24 million, $2.50 xxxxxxx xxxxx xxxx value. The xxxx is expected xx xxxxxxx xxxxxxx of $2.02 xxxxxxx xxxx xxxxx and xxxxxx xxxx xxxx xxxx operations equals $1.82 million. The marginal xxx rate xx 35 percent, and the appropriate xxxxxxxx xxxx is 9 xxxxxxxx Calculate the NPV xx this xxxxxxxxxxx (Round intermediate calculations and xxxxx answer to 2 xxxxxxx xxxxxxx e.g. |

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## Briarcrest Condiments is a spice-making firm

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# Sheet1

xxxxxxxxxxxxxxxxxxxxxxxBriarcrest xxxxxxxxxx is x xxxxxxxxxxxx xxxxx xxxxxxxxx it developed a xxx process for producing spices. The xxxxxxx xxxxxxxx xxx xxxxxxxxx xxxx would cost xxxxxxxxxxx xxxx x xxxx xx five years, xxx xxxxx xxxxxxx xxx cash xxxxx xxxxx xx xxx following table. | |

Year | xxxx xxxx |

1 | $571,484 |

2 | -$197,167 |

3 | $808,204 |

x | xxxxxxxx |

x | $735,090 |

What xx xxx xxx if the xxxxxxxx xxxx xx 14.48 xxxxxxxx | |

xxx | xxxxxxxxxxxx |

xxxxxxx Co. xxx a capital xxxxxxxxxx xxxxx xx xxxxxxx market xxxxxxx that xxxxxxxx of 21 xxxxxxx debt, 16 xxxxxxx xxxxxxxxx xxxxxx xxx 63 xxxxxxx common xxxxxx If xxx xxxxxxx required by investors xxx 9 xxxxxxxx xx percent, and xx xxxxxxx for xxx xxxxx preferred xxxxxx xxx xxxxxx xxxxxx respectively, xxxx xx xxxxxxx’x after-tax WACC? xxxxxx that xxx firm’x marginal xxx rate is 40 xxxxxxxx (Round intermediate calculations xx x xxxxxxx places, xxxx xxxxxx and xxxxx xxxxxx xx x xxxxxxx xxxxxxx xxxx 15.25%.) | |

WACC x xxxxxxxxxxxxxx x xxxxxxx x 63%*18% |

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## WileyPLUS Problem 10.14 Problem 11.20 Problem 11.24 Problem 12.24 Problem 13.11.14 Problem 11.20 Problem 11.24 Problem 12.24 Problem 13.11

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WileyPLUS Problem xxxxx Problem xxxxx xxxxxxx xxxxx xxxxxxx 12.24 Problem 13.11.14 xxxxxxx 11.20 xxxxxxx 11.24 Problem xxxxx Problem xxxxx

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# xxxxxx

xxxxxxxxxxxxxxxProblem 10.14 | |

Briarcrest xxxxxxxxxx xx a spice-making firm. Recently, it developed x xxx process xxx producing xxxxxxx xxx xxxxxxx requires new xxxxxxxxx xxxx xxxxx cost xxxxxxxxxxx have a xxxx xx five xxxxxx xxx would produce the cash xxxxx xxxxx xx xxx xxxxxxxxx xxxxxx | |

xxxx Cash Flow | |

x xxxxxxxx | |

2 xxxxxxxx | |

x 776,192 | |

4 1,095,900 | |

5 549,304 | |

xxxx xx xxx NPV xx the xxxxxxxx xxxx is 13.14 percent? xxxxxx negative amounts using negative sign xxxx xxxxxxx Round answer xx 2 decimal places, e.g. 15.25.) | |

xxxx | xxxx Flow |

1 | $583,272 |

x | xxxxxxxxxx |

3 | xxxxxxxx |

x | $1,095,900 |

x | xxxxxxxx |

xxx is? x | xxxxxxxxxxxxx |

xxxxxxx 11.20 | |

Archer xxxxxxx xxxxxxx Company xx considering buying x new farm xxxx xx plans xx xxxxxxx xxx 10 years. The xxxx xxxx xxxxxxx xx initial investment xx xxxxxx million. xxxx investment xxxx xxxxxxx xx xxxxx million xxx land and $9.60 xxxxxxx xxx xxxxxx xxx xxxxx xxxxxxxxxx The xxxxx xxx trucks, xxx xxx other xxxxxxxxx is xxxxxxxx xx be xxxx at the xxx of xx |

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## Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices

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xxxxxxxxxx xxxxxxxxxx xx a xxxxxxxxxxxx xxxxx xxxxxxxxx xx xxxxxxxxx a xxx xxxxxxx xxx xxxxxxxxx xxxxxx

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xxxxxxxxxx xxxxxxxxxx is a xxxxxxxxxxxx xxxxx xxxxxxxxx xx xxxxxxxxx x xxx process xxx producing spices. xxx process xxxxxxxx xxx xxxxxxxxx xxxx xxxxx cost xxxxxxxxxxx have a life of five years, xxx would produce xxx cash flows xxxxx in xxx xxxxxxxxx table. Year xxxx Flow 1 xxxxxxxxxx -234,048 3 895,036 4 xxxxxxxxx 870,492 What is the xxx xx xxx discount rate is xxxxx xxxxxxxx (Enter xxxxxxxx amounts xxxxx xxxxxxxx xxxx xxxx -45.25. xxxxx xxxxxx to x decimal xxxxxxx e.g. 15.25.)

Answer:

Cost of xxxxxxxxx xxxxxxxxx

Length of xxxxxxxxxxx

Required xxxx xx xxxxxxxxxxxxxxx

xxxx where xxxxxx is cash xxxxxxx xxxxxxxxxxxxx xx t years.

=-$1818060++ + +

xxxxxxxxxxx

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