4x-3y=13 10x-3y=37

4x-3y=13

10x-3y=37

 

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Finance Homework that needs to be done in Excel

Problem 28-9 on Acquisition Analysis based on Chapter 28 Mergers and Acquisitions
(Excel file included)
Your company has earnings per share of $4. It has 1 million shares outstanding, each of which has a price of $40. You are thinking of buying TargetCo, which has earnings per share of $2, 1 million shares outstanding, and a price per share of $25. You will pay for TargetCo by issuing new shares. There are no expected synergies from the transaction.
a. If you pay no premium to buy TargetCo, what will your earnings per share be after the merger?
b. Suppose you offer an exchange ratio such that, at current preannouncement share prices for both firms, the offer represents a 20% premium to buy TargetCo. What will your earnings per share be after the merger?
c. What explains the change in earnings per share in part (a)? Are your shareholders any better or worse off?
d. What will your price-earnings ratio be after the merger (if you pay no premium)? How does this compare to your P/E ratio before the merger? How does this compare to TargetCo’s premerger P/E ratio?
 
Problem 16-8 on Managerial Decision based on Chapter 16 Financial Distress, Managerial Incentives, and Information  
(Excel file included)
As in Problem 1, Gladstone Corporation is about to launch a new product. Depending on the success of the new product, Gladstone may have one of four values next year: $150 million, $135 million, $95 million, or $80 million. These outcomes are all equally likely, and this risk is diversifiable. Suppose the risk-free interest rate is 5% and that, in the event of default, 25% of the value of Gladstone’s assets will be lost to bankruptcy costs. (Ignore all other market imperfections, such as taxes.)
a. What is the initial value of Gladstone’s equity without leverage?
Now suppose Gladstone has zero-coupon debt with a $100 million face value due next year.
b. What is the initial value of Gladstone’s debt?
c. What is the yield-to-maturity of the debt? What is its expected return?
d. What is the initial value of Gladstone’s equity? What is Gladstone’s total value with leverage?
Suppose Gladstone has 10 million shares outstanding and no debt at the start of the year.
e. If Gladstone does not issue debt, what is its share price?
f. If Gladstone issues debt of $100 million due next year and uses the proceeds to repurchase shares, what will its share price be? Why does your answer differ from that in part (e)?
 
Problem 16-9 on Financial Distress based on Chapter 16 Financial Distress, Managerial Incentives, and Information  
Kohwe Corporation plans to issue equity to raise $50 million to finance a new investment. After making the investment, Kohwe expects to earn free cash flows of $10 million each year. Kohwe currently has 5 million shares outstanding, and it has no other assets or opportunities.
Suppose the appropriate discount rate for Kohwe’s future free cash flows is 8%, and the only capital market imperfections are corporate taxes and financial distress costs.
a. What is the NPV of Kohwe’s investment?
b. What is Kohwe’s share price today?
Suppose Kohwe borrows the $50 million instead. The firm will pay interest only on this loan each year, and it will maintain an outstanding balance of $50 million on the loan. Suppose that Kohwe’s corporate tax rate is 40%, and expected free cash flows are still $10 million each year.
c. What is Kohwe’s share price today if the investment is financed with debt?
Now suppose that with leverage, Kohwe’s expected free cash flows will decline to $9 million per year due to reduced sales and other financial distress costs. Assume that the appropriate discount rate for Kohwe’s future free cash flows is still 8%.
d. What is Kohwe’s share price today given the financial distress costs of leverage?
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creative writing final paper and reflection

Final Paper and Reflection

The final week’s assignment will focus on revision.

Part 1: You’ve submitted drafts of two different stories and received feedback for both from your instructor and writing group. Using that feedback, thoroughly revise your story and do your best to implement the feedback to the best of your ability. Please note that line edits or changing a couple of sentences around does not count as revision. You must significantly revise and make changes to your story in order to show that you have seriously thought about and engaged with your own writing.

Part 2: Write a 1-2 page reflection on your revision process. What did you change, and why? Why did you choose this particular story to revise? What were your feelings on the first draft? What about the workshopping process? How do you feel about this second draft? Do you feel that this second draft is working better than or not as well as the first? Why? Really dig in and discuss your experience with this process.

Attached you will find the First and Second Draft Stories which includes the feedback for both draft stories. Please let me know if you have any questions. Please provide original work. No plagiarizing.

 

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access equity and promoting change 1

Instructions

Before submitting your Assessment, carefully review the rubric. This is the same rubric the assessor will use to evaluate your submission and it provides detailed criteria describing how to achieve or master the Competency. Many students find that understanding the requirements of the Assessment and the rubric criteria help them direct their focus and use their time most productively.

This assessment has four parts. Click each of the items below to complete this assessment.

Part I: Overcoming Bias

In order to be an effective early childhood educator and anti-bias advocate, it is necessary, first and foremost, to recognize and challenge one’s own biases. While this may not seem difficult on a surface level, there are, in fact, various strategies and practices for recognizing the overt and more subtle or covert biases one may possess.

In two to three pages, address the following:

  • Describe yourself, including any relevant information about your own social identity and culture. Explain how your own identity and/or culture might influence your professional practice. If applicable, share your own experiences with privilege, oppression, and/or bias.
  • Identify three strategies that you will use in order to explore and overcome your own biases.
  • Explain why you chose these strategies and how exploring and overcoming your own biases can positively impact the children and families with whom you work.

Part II: Addressing Bias and Promoting Equity in Early Childhood Classrooms

Bias and discrimination affect people from all walks of life. In the early childhood field, bias and discrimination are especially troublesome, as they can have long-term impacts that can continue to affect children through adulthood. Read Document #1: Madison Place Preschool Scenario prior to beginning Part II.

In three to four pages, complete the following:

  • Describe four strategies that you will use in order to address bias and promote equity among the young children in your classroom.
  • Explain why you chose these strategies, and how they will help address bias and promote equity.
  • Describe how you will implement these strategies to advocate for positive social change on behalf of the children in your classroom.
  • Describe one way you will partner with families and/or the community in your advocacy efforts.

Part III: Access, Equity, and Promoting Change in Early Childhood Organizations

While advocating for access, equity, and change in early childhood classrooms is an important first step, early childhood settings support this advocacy effort on an organizational level.

In two to three pages, complete the following:

  • Describe how you will advocate for anti-bias curriculum in your early childhood setting or one in which you might work.
  • Explain why anti-bias curriculum should be adopted in in this setting.
  • Explain why access and equity at the organizational level are important to developing early childhood programs that help promote the growth and development of children, families, and communities.
  • Include a description of at least one organization with whom you might partner to promote access, equity, and social change for young children and families in your early childhood setting or one in which you might work, and explain why you have chosen this organization.

Part IV: The Positive Impacts of Promoting Access, Equity, and Change

In two pages, describe the significant and lasting impacts that access and equity can have on children, families, communities, and a global society.

Specifically, your response should include the following:

  • An explanation of the benefits of advocating for access, equity, and change on children’s healthy development and learning.
  • An explanation of how advocating for access and equity in early childhood classrooms and programs can benefit children, families, and communities, and provide a specific example.
  • A recommendation for developmentally appropriate learning experiences for the following, with an explanation of how these recommendations reflect the principles of developmentally appropriate practice.
      1. Three families arrive an hour after preschool starts on a regular basis
      2. Dual-language learners, most of whom are less fluent in English than they are in their primary languages
      3. Three children in your classroom seem to be behind their peers developmentally. After meeting with the families, you discover that they live in poverty and some adult members of the family do not have high school diplomas

 

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