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Ryan Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 13.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. What is the firm’s total corporate value, in millions? Do not round intermediate calculations.  Year123FCF-$15.0$10.0$25.0​

The fact that 70% of the interest income received by corporations is excluded from its taxable income encourages firms to finance with more debt than they would in the absence of this tax law provision.

What is the most likely formula for the compound formed between the following (more than one can be chosen): a. Fe3+ and NO3-      b.  NH4+ and CO32-

What did you like least about MGMT 303?

What do you find to be most helpful in this course (i.e. readings, lectures, activities, quizzes)?

What would you change and what would you keep the same?

Exhibit 4.1The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during the next 5 years, and the notes payable will be rolled over. Balance Sheet (Millions of $)Assets 2016Cash and securities $3,000Accounts receivable 15,000Inventories 18,000Total current assets $36,000Net plant and equipment $24,000Total assets $60,000Liabilities and Equity Accounts payable $18,630Accruals 8,370Notes payable 6,000Total current liabilities $33,000   Long-term bonds $9,000Total liabilities $42,000Common stock $5,040Retained earnings 12,960Total common equity $18,000Total liabilities and equity $60,000  Income Statement (Millions of $)2016Net sales $84,000Operating costs except depreciation78,120Depreciation 1,680Earnings before interest and taxes (EBIT)$4,200Less interest 900Earnings before taxes (EBT) $3,300Taxes 1,320Net income $1,980   Other data:  Shares outstanding (millions) 500.00Common dividends (millions of $) $693.00Int rate on notes payable & L-T bonds6%Federal plus state income tax rate40%Year-end stock price $47.52Refer to Exhibit 4.1. What is the firm’s ROA? Do not round your intermediate calculations.

Because the U.S. tax system is a progressive tax system, a taxpayer’s marginal and average tax rates are the same.

Your uncle has $250,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, starting at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?

Taggart Technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. The stock issue would have no effect on total assets, the interest rate Taggart pays, EBIT, or the tax rate. Which of the following is likely to occur if the company goes ahead with the stock issue?