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WHAT IS THE NPV OF THE FOLLOWING PROJECT GIVEN THAT THE COST OF CAPITAL IS 7.5%

ID: 2724475 • Letter: W

Question

WHAT IS THE NPV OF THE FOLLOWING PROJECT GIVEN THAT THE COST OF CAPITAL IS 7.5%

Question 74 options:

$16,510 EXCEL/ $18,578 CALCULATOR

$25,213 EXCEL/ $28, 413 CALCULATOR

$19,915 EXCEL/$21,408 CALCULATOR

$12,423 EXCEL/ $14,388 CALCULATOR

WHAT IS THE DEGREE OF OPERATING LEVERAGE FOR CLYDES SURF SHOP?

5

3

2

4

hat is the after tax cost of a $1000 par value bond with a 8.5% annual coupon rate that is selling for $888 with flotation costs that will mature in 10 years when the company's tax rate is 35%

Question 76 options:

11.68%

12.5%

8.32%

7.59%

WHAT IS THE DEGREE OF FINANCIAL LEVERAGE FOR CLYDES SURF SHOP?

Question 77 options:

1.86

1.54

2.35

4.35

INITIAL OUTLAY $80,000 AFTER TAX CASH FLOW 1-3 $25,000 AFTER TAX CASH FLOW 4 $30,000 AFTER TAX CASH FLOW 5 $20,000

Explanation / Answer

NPV would be the sum of present values of all cash flows:

year

Cash flow

PV factor 7.50%

PV

0

-80000

1.0000

-$80,000.00

1

25000

0.9302

$23,255.81

2

25000

0.8653

$21,633.32

3

25000

0.8050

$20,124.01

4

30000

0.7488

$22,464.02

5

20000

0.6966

$13,931.17

$21,408.33

NPV would be 21,408.33

year

Cash flow

PV factor 7.50%

PV

0

-80000

1.0000

-$80,000.00

1

25000

0.9302

$23,255.81

2

25000

0.8653

$21,633.32

3

25000

0.8050

$20,124.01

4

30000

0.7488

$22,464.02

5

20000

0.6966

$13,931.17

$21,408.33