Milton Industries expects free cash flows of $20 million each year. Milton's corporate tax rate is 22%, and its unlevered cost of capital is 16%. Milton also has outstanding debt of $26.48 million, and it expects to maintain this level of debt permanently. a. What is the value of Milton Industries without leverage? b. What is the value of Milton Industries with leverage? a. What is the value of Milton Industries without leverage? The value of Milton Industries without leverage is $ million. (Round to two decimal places.) b. What is the value of Milton Industries with leverage? The value of Milton Industries with leverage is $ million. (Round to two decimal places.)
The value of Milton Industries with leverage is $131.52 million.
Milton Industries expects free cash flows of $20 million each year.
Milton's corporate tax rate is 22%, and its unlevered cost of capital is 16%.
Milton also has outstanding debt of $26.48 million and it expects to maintain this level of debt permanently.
a. Value of Milton Industries without leverage: Formula to calculate the value of a firm without leverage is; VL = VU + (PV of Tax shield) Where, VL = Value of the firm with leverage VU = Value of the firm without leverage PV of Tax Shield = Present Value of Tax Shield Expected Free Cashflows of Milton Industries = FCF = $20 million
Corporate Tax rate = T = 22%Unlevered
Cost of Capital = Ku = 16%Debt of Milton Industries = D = $26.48 million
Weighted Average Cost of Capital = WACC = Ku (1 - T)PV of Tax Shield = D x T x (1 - T) = $6.52 million VL = VU + PV of Tax Shield VU = FCF / Ku = $125 million VL = $125 + $6.52 = $131.52 million
b. Value of Milton Industries with leverage: VL = VU + PV of Tax Shield PV of Tax Shield = D x T x (1 - T) = $6.52 million VL = VU + PV of Tax Shield VU = FCF / Ku = $125 million VL = VU + PV of Tax Shield = $125 + $6.52 = $131.52 million. Therefore, The value of Milton Industries without leverage is $125 million. The value of Milton Industries with leverage is $131.52 million.
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Given f(x) = 4-x² and (f - g)(x)=-x²+x+2, find the function g.
Answer:
g(x) = 2 - xStep-by-step explanation:
Givenf(x) = 4 - x²,(f - g)(x) = - x² + x + 2.Find g(x)SolutionWe know that:
(f - g)(x) = f(x) - g(x)Use the given to find the missing function:
g(x) = f(x) - (f - g)(x) g(x) = 4 - x² - (- x² + x + 2) =4 - x² + x² - x - 2 =2 - xAnswer:
\({ \rm{f(x) = 4 - {x}^{2} }}\)
\({ \rm{(f - g)(x) = - {x}^{2} + x + 2}}\)
- From functions;
\({ \boxed{ \tt{(f - g)(x) = f(x) - g(x)}}} \\ \\ { \rm{ - {x}^{2} + x + 2 = (4 - {x}^{2} ) - g(x) }} \\ \\ { \rm{g(x) = (4 - {x}^{2}) + {x}^{2} - x - 2 }} \\ \\ { \boxed{ \rm{g(x) = 2 - x}}}\)
Exercice 1 :
1) Si x = 5, que vaut x + 3 ?
2) Si x = 3, que vaut 2x – 1 ?
3) Si x = – 2, que vaut 3 + 5x ?
Answer:
Si x = 5, alors x + 3 = 5 + 3 = 8.
Si x = 3, alors 2x - 1 = 2(3) - 1 = 6 - 1 = 5.
Si x = -2, alors 3 + 5x = 3 + 5(-2) = 3 - 10 = -7.
This is a serious question.
What is 69 x 1 59/20
Will give brainliest
Answer:
10971/20
Step-by-step explanation:
69 * 159/20
69/1 * 159/20
69 * 159 = 10971
1 * 20 = 20
So the answer is basically 10971/20.
the product of 2 more than a number and 10 is 36 more than 8 times the numbe. whats the number?
Answer: 8
Step-by-step explanation:
let x = the number
(x + 2)*10 = 8x + 36
10x + 20 = 8x + 36
2x = 16
x = 8
Suppose triangle ABC is a right triangle. Side AB is 3 feet and side BC is 4 feet. Find the length of the hypotenuse, AC. Remember Pythagorean Theorem.
A. 25 feet
B. 5 feet
C. 16 feet
D. 4 feet
E. 9 feet
F. 3 feet
Answer:
5
Step-by-step explanation:
3 squared + 4 squared = c squared
3 squared= 9 4 squared= 16
9+16=c squared
25=c squared
5= c
Pls help me figure out the answer to this the questions and answer choices are in the image
Callie has 3,264 beads. She wants to divide the beads evenly to make 32 necklaces. How many beads will be
used for each necklace?
Answer:
102 beads will be used for each necklace.
Step-by-step explanation:
3,264/32=102
the fruity tooty company claims that the population proportion for each of its five flavors is exactly 20%. jane counts 92 red candies in a 400-count sample.z equals fraction numerator p with hat on top minus p over denominator square root of begin display style fraction numerator p q over denominator n end fraction end style end root end fraction using the formula and data provided, what is the value of the z-test statistic? answer choices are rounded to the hundredths place.
Value of the z-test statistic is 1.20.
How to find the value of the z-test statistic?To find the value of the z-test statistic, we need to calculate the sample proportion and the standard error of the proportion.
The sample proportion is:
p⁻ = 92/400 = 0.23
The standard error of the proportion is:
SE = √[(pq)/n] = √[(0.20.8)/400] = 0.025
where p = 0.2 and q = 0.8.
Now we can calculate the z-test statistic:
z = (p⁻ - p)/SE = (0.23 - 0.2)/0.025 = 1.2
Therefore, the value of the z-test statistic is 1.20.
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Which one is the correct answer please
Answer:
A. 32 = 3x - 5
Step-by-step explanation:
2x-5
2x + x = 3x
3x - 5
32 - 5 = 27
27 divided by 3 = 9
This can be used to find the value of x.
Answer:
C) 32=6x-10
Step-by-step explanation:
As, a perimeter of a rectangle = 2 ( length + breath)
So, 32cm = 2 ( (2x - 5) + x) = 2(2x-5) + 2(x)
= 32cm = 4x - 10 + 2x = 6x - 10
= 32cn = 6x - 10
One week into the course, a 27-year-old student is added to Mr. McKee's section roster. How does this change affect the standard deviation of the set of student ages?
The standard deviation will stay the same as it is not affected by a change in a single measurement,
What is a standard deviation?
A standard deviation is a measure of how dispersed the data when compared to the mean.
In this case, the standard deviation will stay the same as it is not affected by a change in a single measurement. Therefore, the change will not affect the standard deviation of the set of student ages.
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solve nt+6-xt=s for t
Answer:
\(t=\frac{s-6}{n-x}\)
Step-by-step explanation:
\(nt+6-xt=s\)
\(\mathrm{Subtract\:}6\mathrm{\:from\:both\:sides}\)
\(nt+6-xt-6=s-6\)
\(Simplify\)
\(nt-xt=s-6\)
\(nt-xt\)
\(=t\left(n-x\right)\)
\(t\left(n-x\right)=s-6\)
\(\frac{t\left(n-x\right)}{n-x}=\frac{s}{n-x}-\frac{6}{n-x};\quad \:x\ne \:n\)
\(t=\frac{s-6}{n-x}\)
Therefor the value of t after arrangement is t = (s-6)/(n-x)
What is Mathematical function ?
Function is defined as the expression or relation between any given two variables such as x and y and there must be an independent variable and dependent variable.
In other words the function represents the graph between x and y that is for each value of x there exist one value of y but here there is no restriction in values of y that is y can have infinity values.
Given equation is nt+6-xt=s
Now solving for t by separately variables and constant :
nt+6-xt=s
t(n-x) = s-6
t = (s-6)/(n-x)
Therefor the value of t after arrangement is t = (s-6)/(n-x)
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Anna is following this recipe to make biscuits.
Anna uses 120 g of chocolate.
How many grams of margarine will she need?
Recipe: Makes 24 biscuits
80 g sugar
120 ml syrup
200 g oats
120 g margarine
40 g chocolate
Anna uses 120 g of chocolate and 360 grams of margarine to needed to bake biscuits.
We have data as follows; To make 24 biscuits Anna uses following proportion of Ingredients;
80 g sugar
120 ml syrup
200 g oats
120 g margarine
40 g chocolate
Now We can analysis that anna uses 40 g chocolate to make 24 biscuits
So for 120 g of chocolate Anna can bake \( \frac{24(120)}{40} \)
= 24 (3)
= 72 biscuits
∴ Anna can bake 72 biscuits if she uses 120 g of chocolate.
We want to find how many grams of margarine will she need to make 72 biscuits and this can be done as follows;
Ingredients for 24 biscuits require 120 g margarine
∴ For 72 biscuits anna require \( \frac{72(120)}{24} \) g of margarine
= 3 (120)
= 360 g of margarine.
Hence 360 grams of margarine anna needed.
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OMG DUE IN 40 MINUTESSSS!!
Answer:
17 1/3 52/3
Step-by-step explanation:
3x+y=38
3x+2y=52
-y=14
y=-14
3x+-14=38
3x-14=38
3x=38+14
3x=52
3x/3=52/3
x=171\3
17 is a whole number then 1 divided by 3 . thus is x
-help me write an equation!!!
The absolute value function for this problem is given as follows:
g(x) = |x - 1| - 2.
How to define the absolute value function?An absolute value function of vertex (h,k) is defined as follows:
y = a|x - h| + k.
In which a is the leading coefficient.
The coordinates of the vertex for this problem are given as follows:
(1, -2).
As the slope of the line is of 1, the leading coefficient is given as follows:
a = 1.
Hence the absolute value function for this problem is given as follows:
g(x) = |x - 1| - 2.
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At which root does the graph of f x x 5 3 x 2 2 touch the x axis?
The root of the graph of function f(x) = (x-5)³(x+2)² touch the x-axis at -2 and 5.
Given that,
The function is f(x)= (x-5)³(x+2)²
We have to find at which root does the graph function touch the x-axis.
We know that,
What is a function?Mathematical calculus' core component is functions. The unique forms of relationships are the functions. When it comes to arithmetic, a function is represented as a rule that produces a different result for each input x.
Take the function
f(x) = (x-5)³(x+2)²
f(x) = 0 if a curve touches the x-axis.
⇒ (x - 5)³(x + 2)² = 0.
But if ab = 0
So, a=0 and b=0
⇒ (x - 5)³ = 0 and (x + 2)² = 0
⇒ (x - 5) = 0 and x + 2 = 0
⇒ x=5 and x=-2.
Therefore, The root of the graph of function f(x) = (x-5)³(x+2)² touch the x-axis at -2 and 5.
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Violet drove 369 miles on 12 gallons of gas ar the same rate how many miles can she drive on 16 gallons of gas
Answer: 492 miles
Step-by-step explanation:
The first thing to do in such a question is to find out the number of miles Violet can go on 1 gallon.
That figure is:
= 369 / 12
= 30.75 miles per gallon
With 16 gallons therefore, she can go:
= 16 * 30.75
= 492 miles
PLS HELPPPP GRADES DUE!
Answer:
Step-by-step explanation:
Starting with ΔABC, draw the dilation image of the triangle with a center at the origin and a scale factor of two. Notice that every coordinate of the original triangle has been multiplied by the scale factor (x2). Dilations involve multiplication! Dilation with scale factor 2, multiply by 2
Answer:
Yea wut she said ._. above me...
Step-by-step explanation:
The coordinates of Point A are (6,3). Point B is a reflection of Point A across the y axis. In which Quadrant is point B located?
point B is located in quadrant II (option B)
Explanation:Point A: (6, 3) = (x, y)
reflection of point A across the y axis:
The x coordinate will be negative and the y coordinate will remain the same
reflection of point A across the y axis = (-6, 3)
Attaching the graph showing the point after reflection:
Since point B is the reflection of point A.
Hence, point B is located in quadrant II (option B)
Decide whether the following statement is compound if lana wins the election then mary will smile
The correct answer is OD. Although the word "then" appears in the statement, it is not used as a logical connective. So the statement is not compound.
The statement "If Laura sells her quota, then Marie will be happy" is a single declarative sentence. It consists of a conditional clause ("If Laura sells her quota") and a consequent clause ("then Marie will be happy"). However, these two clauses are not independent statements that can stand alone. Instead, they are connected in a cause-and-effect relationship. The word "then" in this context is not functioning as a logical connective, but rather as an indicator of the consequent clause.
A compound statement is formed by combining two or more independent statements using logical connectives such as "and," "or," or "if...then." In the given statement, there is no logical connective joining two independent statements.
Therefore, the statement is not compound.
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Find the median and mean of the data set below please!!!
29,8,11,29,29,6,49
Answer:
See below
Step-by-step explanation:
Mean: \(\frac{29+8+11+29+29+6+49}{7}=\frac{161}{7}=23\)
Median: \(6,8,11,\bold{29},29,29,49\)
If f(x)=x^2+3x-10, then f(10)=?
Answer:
f(10) = 120
General Formulas and Concepts:
Pre-Algebra
Order of Operations: BPEMDAS
Brackets Parenthesis Exponents Multiplication Division Addition Subtraction Left to RightAlgebra I
Function NotationStep-by-step explanation:
Step 1: Define
f(x) = x² + 3x - 10
f(10) is x = 10
Step 2: Evaluate
Substitute: f(10) = 10² + 3(10) - 10Exponents: f(10) = 100 + 3(10) - 10Multiply: f(10) = 100 + 30 - 10Add: f(10) = 130 - 10Subtract: f(10) = 120What should be subtracted from -1963 to obtain -9512
Step-by-step explanation:
no calculator at hand ?
-1963 - x = -9512
-x = -9512 + 1963 = -7549
x = 7549
so, 7549 has to be subtracted.
PLEASE HELP Ill give Brainliest
Answer:
its c =0.48+12p..... i did the math on a piece of paper
An airline claims that it rarely loses a passenger's checked luggage, and, if checked luggage is lost, 90% of the luggage is recovered and returned to the owner within 24 hours. A consumer group believes the 24-hour recovery rate of lost luggage is actually lower (worse) than the airline's claim. They surveyed a large random sample of the airline's customers and found that 103 of 122 people who had lost luggage were reunited with the missing items within 24 hours. Is this enough evidence to claim the proportion of people who lost luggage with this airline a
The number that corresponds to the null hypothesis and the alternative hypothesis will be 3 and 6 respectively.
What is a null hypothesis?Specify the correct number from the list below that corresponds to the appropriate null and alternative hypotheses for this problem.
It should be noted that the null hypothesis suggests that there's no statistical relationship between the variables.
The alternative hypothesis is different from the null hypothesis as it's the statement that the researcher is testing.
In this case, the number that corresponds to the null hypothesis and the alternative hypothesis will be 3 and 6 respectively.
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A random sample of 1012 adults in a certain large country was asked "Do you pretty much think televisions are a necessity or a luxury you could do without?" Of the 1012 adults surveyed, 514 indicated that televisions are a luxury they could do without. Complete parts (a) through (e) below.
(a) Obtain a point estimate for the population proportion of adults in the country who believe that televisions are a luxury they could do without.
enter your response here
(Round to three decimal places as needed.)
Part 2
(b) Verify that the requirements for constructing a confidence interval about p are satisfied.
The sample
▼
is stated to be
can be assumed to be
cannot be assumed to be
is stated to not be
a simple random sample, the value of
▼
n
ModifyingAbove p with caret left parenthesis 1 minus ModifyingAbove p with caret right parenthesis
ModifyingAbove p with caret
n ModifyingAbove p with caret
n ModifyingAbove p with caret left parenthesis 1 minus ModifyingAbove p with caret right parenthesis
is
enter your response here, which is
▼
greater than or equal to
less than
10, and the
▼
population proportion
sample proportion
population size
sample size
▼
cannot be assumed to be
can be assumed to be
is stated to not be
is stated to be
less than or equal to 5% of the
▼
population proportion.
sample size.
sample proportion.
population size.
(Round to three decimal places as needed.)
Part 3
(c) Construct and interpret a % confidence interval for the population proportion of adults in the country who believe that televisions are a luxury they could do without. Select the correct choice below and fill in any answer boxes within your choice.
(Type integers or decimals rounded to three decimal places as needed. Use ascending order.)
A.
There is a
enter your response here% probability the proportion of adults in the country who believe that televisions are a luxury they could do without is between
enter your response here and
enter your response here.
B.
We are
enter your response here% confident the proportion of adults in the country who believe that televisions are a luxury they could do without is between
enter your response here and
enter your response here.
Part 4
(d) Is it possible that a supermajority (more than 60%) of adults in the country believe that television is a luxury they could do without? Is it likely?
It is
▼
possible, but not likely
not possible
likely
that a supermajority of adults in the country believe that television is a luxury they could do without because the 95% confidence interval
▼
does not contain
contains
enter your response here.
(Type an integer or a decimal. Do not round.)
Part 5
(e) Use the results of part (c) to construct a % confidence interval for the population proportion of adults in the country who believe that televisions are a necessity.
Lower bound:
enter your response here, Upper bound:
enter your response here
(Round to three decimal places as needed.)
Answer: (a) Obtain a point estimate for the population proportion of adults in the country who believe that televisions are a luxury they could do without.
The point estimate for the population proportion is 514 / 1012 = 0.507.
(b) Verify that the requirements for constructing a confidence interval about p are satisfied.
The sample is stated to be a simple random sample.
The value of n * p = 1012 * 0.507 = 514.7796 is greater than or equal to 10.
The value of n * (1 - p) = 1012 * (1 - 0.507) = 497.2204 is greater than or equal to 10.
The population proportion is less than or equal to 5% of the population size.
Therefore, the requirements for constructing a confidence interval are satisfied.
(c) Construct and interpret a 95% confidence interval for the population proportion of adults in the country who believe that televisions are a luxury they could do without.
The 95% confidence interval for the population proportion is 0.507 +/- 1.96 * sqrt((0.507 * (1 - 0.507)) / 1012) = 0.507 +/- 0.0245 = (0.4825, 0.5315).
We are 95% confident that the proportion of adults in the country who believe that televisions are a luxury they could do without is between 0.4825 and 0.5315.
(d) Is it possible that a supermajority (more than 60%) of adults in the country believe that television is a luxury they could do without? Is it likely?
It is possible that a supermajority of adults in the country believe that television is a luxury they could do without because the 95% confidence interval contains 60%. However, it is not likely because the confidence interval is relatively narrow and the point estimate is far from 60%.
(e) Use the results of part (c) to construct a 95% confidence interval for the population proportion of adults in the country who believe that televisions are a necessity.
The 95% confidence interval for the population proportion of adults who believe that televisions are a necessity is 1 - 0.5315 = 0.4685 to 1 - 0.4825 = 0.5175. Therefore, the 95% confidence interval for the population proportion of adults who believe that televisions are a necessity is (0.4685, 0.5175).
Step-by-step explanation:
A bicycle spoke of a beach cruiser measures 10 in diameter. What is the distance that it will travel with one rotation?
Thus, the distance travelled with one rotation of the tyre of bicycle is found as 31.4 in.
Explain about the circumference:The circumference of a circle is its length. Either the circle's diameter or radius can be used to calculate the circumference. We refer to shapes consisting of straight lines as having a perimeter. The circumference of a circle is the designation given to its perimeter.
The circumference of a circle is its length.The diameter of a circle is the distance from the circle's centre to the circle on the other side (twice the radius)The radius is the separation between a circle's centre and its circumference (half the diameter).Given data:
diameter of bicycle d = 10 in.
radius r = 10/2 = 5 in
Distance in one rotation equals the circumference of circle say 'c'.;
c = 2πr
c = 2*3.14*5
c = 31.4 in
Thus, the distance travelled with one rotation of the tyre of bicycle is found as 31.4 in.
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GEOMETRY please help soon due in an hour
A tower is located 327 feet from a building in the figure shown below. A person from the
second story measures an angle of elevation to the top of the tower as 32° and an angle of
depression to the bottom of the tower as 18°. Find the height of the tower to the nearest tenth of a foot.
Answer:
The height of the tower is 310.6 ft
The height of the tower 310.6 ft if the angle of depression and elevation is given.
What is Trigonometry?Trigonometry is a branch of mathematics that studies relationships between side lengths and angles of triangles.
Given that tower is located 327 feet from a building
A person from the second story measures an angle of elevation to the top of the tower as 32° and an angle of depression to the bottom of the tower as 18°.
We have to find the height of the tower.
By using angle of elevation we find the height.
327/sin 72 = x / sin18
343.8 = x/ sin 18
x=sin 18(343.8)
x= 106.25
Now 327/sin 58 = y/sin 32
385.59 = y/sin32
y=204.33
Height is 106.25+204.33 which is 310.6 ft.
Hence, the height of the tower to the nearest tenth of a foot is 310.6 ft.
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Addison purchased train tickets to go visit her family in New York. The original
cost of the train ticket is $256.00 The train company is offering 15% off the cost
of the ticket. They also charge a 7.65% sales tax on the discounted price. What is
the final cost of her train ticket, including tax?
Answer:
$234.25
Breakdown of calculations:
$256 × .15 (or 15%) = $38.40
$256 - $38.40 = $217.60 (cost of ticket after discount)
$217.60 × .0765 (or 7.65%) = $16.6464....round to $16.65
$217.60 + $16.65 = $234.25 final cost of train ticket including tax
anybody have an answer