...$20/share x (1+6%)=20*1.06 =$21.20 expected stock price in 1 year. Dividend in 1 year (D1)= $1.00*1.06=$1.06 k=(D1/P0) + g =(1.06/20) + .06 =.113 Required rate of return is 11.3% . Firm value = FCF1/(WACC – g) = $150,000,000/(0.10 – 0.05) = $3,000,000,000. To find the value of an equity claim upon the company (share of stock), you must subtract out the market value of debt and preferred stock. This firm happens to be entirely equity funded, and this step is unnecessary. Hence, to find the value of a share of stock, you divide equity value (or in this case, firm value) by the number of shares outstanding. Equity value per share = Equity value/Shares outstanding = $3,000,000,000/50,000,000 = $60. Each share of common stock is worth $60, according to the corporate valuation model. wc= 60%, wd = 40%, rd=9%, T=40%, WACC= 9.96%, rs= ? WACC= wd*rd*(1-T)+(wc*rs) 0.0996 = (0.4)(0.09)(1 – 0.4) + (0.6) * rs 0.0996 = 0.0216 + 0.6rs 0.078 = 0.6rs rs = 13% (cost of common equity) A $1 million 12.0% B 2 million 11.5% C 2 million 11.2% D 2 million 11.0% E 1 million 10.7% These projects should be accepted as the return on the project is higher than the WACC (10.5%) which means that the projects will be profitable as the returns are higher than the cost of the...
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...In Singapore, people who visit Mr Bean are primarily males and females falling in the range of 15 (students) to 45 (working adult) who are health conscious and want to lead a healthy lifestyle. In Singapore culture, convience is essential. Thus Mr Bean can be seen in key areas of high traffic like near MRT stations. However, in United State, the potential difference in consumer is that working adults requires convenience and fast meals. They are willing to pay extra or even go an extra mile for healthy food. To them, their perception is that soybean is a healthier alternative to milk (American Soybean Association, 1998) In Singapore, people visit Mr Bean, during breakfast, lunch, and teabreak but rarely during dinner. In United State however, the differences is with their main 3 meals getting smaller, and having the habit of snacking more (Lazaridis & Drichoutis, 2005). This habit is due to their hectic lifestyles, the need for convenience, and also the desire to eat healthier foods. So the main difference is that Singapore consumers still stick very much to the one day three main meal concept while United State consumers prefers many mini meals across the day which are convience for them (Lazaridis & Drichoutis, 2005) In Singapore, people who visit Mr Bean prefer not to sit-in. They enjoy their beverages and pancakes while working and studying, as Singapore is a high-speed society. In United State, people treat soybean as a healthier alternatives to milk and...
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...½ cup canned black beans, rinsed 2 tbsp salsa Heat skillet on medium setting. Using a paper towel lightly coat with olive oil. Scramble eggs. Add black beans until heated. Fold egg, beans, salsa and cheese into tortilla warp. Heat in oven at 170ºF or microwave for faster prep until warmed. Frittata with goat cheese, roasted tomato & rocket 4 large egg whites (or ½ cup egg whites) Olive oil cooking spray 2 tbsp fresh tomatoes, roasted 2 tbsp goat cheese, crumbled Quick on-the-go chicken Wrap 3 oz. grilled skinless and boneless chicken breast 1 cup baby spinach or any greens ½ red pepper, cut in strips 1 Tbsp vinaigrette salad dressing of your choice 1 7” whole wheat wrap Chop chicken and toss with vegetables and dressing. Place meat, vegetables and spinach onto tortilla, fold and enjoy. Quinoa Salad 1 ½ cups Quinoa, washed and drained 1 ½ cups water ½ cup green bell pepper, diced ½ cup roasted red peppers, packed in oil or water, chopped ½ cup red onion, minced 1 ½ cups sweet corn, fresh, canned or frozen ½ cup green peas, fresh or frozen 1 cup fresh basil, finely chopped 2 cloves garlic, minced 1 ½ Tbsp extra virgin olive oil ¼ cup lemon juice, freshly squeezed 15 ounces navy beans or garbanzo beans, drained 1 Tbsp plum vinegar, or to taste Place quinoa, water, corn and peas in a sauce pan. Cover. Simmer on low for 12-15 minutes. Remove and place in bowl. Fluff with fork and cool. Add red onion, basil, roasted peppers and beans. Blend the lemon juice...
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...Bean Beatle Competition Lab RESULTS: In the two control petri dish that consisted of 20 beans with eggs previously on them, the females laid two to three eggs. In the two control petri dish that consisted of 20 beans without eggs previously on them, the females laid to 2 to 6 eggs. The average number of eggs laid on the eggs that already had eggs on them was 1.25 eggs and the standard error was 0.5522. The average number of eggs laid on the eggs that did not already have eggs on them was 6.91667 and the standard error was 0.9728 (Figure 2). A comparative t-test was performed and from it the t-value, degrees of freedom, and p-value were determined. The t-value, for two-tailed distribution, was 2.20099, the degrees of freedom was 11, and the p-value was 0.00033 (Figure 1). DISCUSSION: Our hypothesis was accepted because the female bean beetles preferred to lay eggs on the beans without eggs rather than the beans with eggs already on them; therefore, the null hypothesis was rejected, because the p-value, 0.00033, was less than 0.05. This research is important because it tells us more about the ovipositional preferences of the female bean beetles. Larvae can’t move from the egg which is deposited, so the bean determined the future food resources that is available for their offspring, which would affect the the influence of the growth or reproduction; therefore, minimizing competition of resources between the offspring. It also important to know how if intraspecific...
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...“There’s nothing bigger than a man who learns to grow.” This sentence appeared in the story “The Growin of Paul Bunyan”. I agree with this statement because it’s not an easy choice to make. Actually, who of us would request something harder vs. easier? Therefore, the bigger man does the harder stuff. If everything was easy, life would be boring. Some examples from the story are on page 21. “Paul learns how to plant seeds to grow trees.” This was big for Paul because he decided to challenge himself and learn something new. Before he was chopping down all the trees. As soon as Johnny Appleseed could get a sapling growing, Paul would chop it down. My second example I found, is on page 18. “Paul likes chopping trees because it makes him happy”....
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...Jack and the Beanstalk summary Jack and the beanstalk is the story of a young boy living with his widowed mother in a tiny house. Their only means of small income is a cow. When this cow stops giving milk one morning, Jack is sent to the market to sell it. On the way to the market he meets an old man who offers to give him tiny, little magic beans in exchange for the big, healthy cow. Jack takes the beans but when he arrives home without money, his mother becomes furious and throws the beans out the window and sends Jack to bed without supper. While Jack was sleeping, the bean grows into a gigantic beanstalk. Jack wakes up to behold an enormous beanstalk. He climbs the monumental beanstalk and arrives in a land high up in the sky where he follows a road to a gigantic house, which is the home of a giant. He enters the immense castle and asks the giant's wife for food. She gives him food, but the giant returns and senses that a human is nearby. The giant says he smells the blood of an Englishman and would want to grind his bones to make bread. However, Jack is hidden in a closet by the giant's wife and from there tiny Jack heard the giant sit down at his monstrous table. His wife serves him from a huge bowl and he drank from his very big wine glass. Afterwards, the giant asks for his hen that lays golden eggs. The giant watched as it laid dozens of large admirable golden eggs before he sleeps off snoring. Jack steals the hen which lays big golden eggs. He is almost caught...
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...kiwi, plums” and so on (choosemyplate.gov). Make sure when you are picking out your fruits to go on your plant you need enough for half of your plate. Vegetables, are the next thing that needs to have half of you plate. “100% vegetable juice counts as two serving” (V8.com). Your vegetables consist of “dark green vegetables, such as Bok Choy, broccoli, collard greens, and dark green leafy lettuce” (choosemyplate.gov). Starchy vegetables consist of “green bananas, green peas, green lima beans, plantains, and potatoes” (choosemyplate.gov). Red & orange vegetables consist of “acorn squash, butternut squash, carrots, hubbard squash, pumpkin, red peppers, sweet potatoes, tomatoes, and tomato juice” (choosemyplate.gov). Beans and peas consist of “black beans,black-eyed peas (mature, dry), garbanzo beans (chickpeas), kidney beans, lentils, navy beans, pinto beans, soy beans, split peas, and white beans” (choosemyplate.gov). Then there is your other vegetables such as “artichokes, asparagus, avocado, bean sprouts, beets, Brussels sprouts, cabbage, cauliflower, celery, cucumbers, eggplant, green...
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...“Earth's Bounty” is a restaurant that severs vegetarian westernized food. The food is kept at a low priced to reach out to not only vegans and vegetarian’s, but also a younger generation seeking to try something different. Earth Bounty will be open 24 hours and mostly populated within the suburban area. Earth's Bounty goal is to attract a younger audience from the ages of 16-24, research shows that this age demographic makes up the largest vegetarian/vegan population. Another target audience Earth's Bounty is tying to market to are people that are looking for a healthier food alternative when deciding to dine out because vegetarian food is known for being healthily. By being located in suburban area’s it’ll make eating healthier an option over the abundant amount of fast food restaurants. Both vegans and vegetarians need more local restaurants to go to so they don’t have to worry about food cross contamination. Knowing that vegetarian food is healthier then most non vegetarian dishes, the market for healthy eaters would likely help the success of this brand. Few restaurants offer vegetarian meals but in my personal experience their is a huge market that hasn’t been fully exploited. With Earth’s Bounty being urban, warm and inviting with the use of toned down greens and warm browns, customers will feel welcoming and come in and try food maybe a little out of there comfort zone. A competitor Earth's Bounty is up against is Nuba Restaurant on 207B West Hastings. This restaurant...
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...SEED SCIENCE AND TECHNOLOGY SEED PRODUCTION PRACTICES FOR BEAN (Phaseolus vulgaris) Bean (Phaseolus vulgaris) belonging to the family Leguminosae is a commercially important vegetable variety. It is one of the widely cultivated vegetable varieties. The seed production of this crop can be taken up in July – September and January – February. Method of seed production Bean is a self-pollinated crop. Cross-pollination occurs very rarely since self-pollination takes place before the opening of the flowers. To maintain the varietal purity an isolation distance of 25 metres for certified and 50 metres for foundation seed production is necessary from the fields of other varieties and of the same variety not conforming to the varietal purity requirements of certification. Seed production stages Breeder seed Foundation seed Certified seed Land selection The land selected should not be cultivated with other variety of the same crop in the previous season and should be free of volunteer plants. The land should be fertile with neutral pH. The soil should be light with proper drainage facility. Seed selection and sowing Certified seeds of good quality should be obtained from an authentic source. Seeds should be healthy with good germination percentage. Remove the off coloured and out sized seeds. The seed rate varies depending on the variety. It is 26 kg/acre (65 kg/ha) for bushy variety and 10 – 14 kg/acre (25 - 35 kg/ha) for pole varieties. Treat the seeds with powder form of...
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...which is defined as “competition between different species” (1976). These two types of competition have helped us look at the different types of interactions between plants species. The lab manual says that intraspecific competition experienced in plants is often very intensely prevalent, and the interspecific competition has the potential to be, mainly because they use most of the same resources (2015). For the experiment conducted for this report, intraspecific and interspecific competition was looked at using numerous set ups of radish and bean plants, and measured through the leaf length and biomass of each particular pot planted. The hypothesis that was fomred was that there would be intraspecific competition occurring between the radishes when planted in low density and high density, as well as intraspecific competition occurring between the beans planted in low density and high density, and in the pot containing both radish and bean seeds there would be interspecific and intraspecific competition occurring, causing a noticeable difference in leaf length and biomass. The null hypothesis generated from this lab would state that there would be no significant difference between leaf length and biomass due to interspecific or intraspecific in any of the five plants potted. MATERIALS...
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...Monsanto Place and Price Analysis Fundamentals of Marketing and Sales BUS3030 Pamela Vest PLACE Distribution Channels Monsanto, an agriculture company, creates, produces, and provides genetically modified seeds to farmers around the world. With the issues of agriculture, Monsanto is working to produce more, conserve more, and improving lives (Monsanto, 2014). As the world’s population grows and not enough of land suitable for agriculture, farmers must produce more. Farmer’s crops yield more, and are reducing water, nutrients, and energy by using the Monsanto seeds. Monsanto creates genetically modified seeds in labs, by taking two good parents and breeds them to produce an offspring plant that is suitable for a certain agricultural area. With manufacturing plants, seed production facilities, and research centers scattered around the world, Monsanto distribution channels are focused around the geographic area near these facilities. Monsanto produces the seeds in their plants and must produce and distribute enough to meet the weekly high demands of farmers. With the precise timing the production and distribution plans due to the high demand, make for a more credible business approach. Monsanto manufacturing plants lack the storage spaces for the seeds, resulting in Monsanto having to use Public Storage facilities. Once at the public storage facilities, seeds are then delivered to distributor warehouse, and then they are delivered to retailers, whole sellers, trade...
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...A vegetarian is a person who does not eat meat or fish, and sometimes other animal products. In most cases people become vegetarians because of: moral, religious, or health reasons. Usually people become vegetarians above the age of 20, this is when you realise and take interest what goes into your body and how it can affect you. Some people are born into vegetarianism because of religious reasons or family preferences. In a religious point of view, most people think that it is unfair to take the life of a living thing and eat the flesh of it. In my opinion I think that, everyone should become a vegetarian and not slaughter them for the satisfaction of the taste of their flesh on their mouth. They are loving things too, most animals do not even feel the sunlight and the grass on their bodies until they are taken out of the rows of their animal and are taken to the slaughter house. Over 56 billion farmed animals are killed every year by humans. More than 3,000 animals die every second in slaughterhouses around the world. These shocking figures do not even include fish and other sea creatures whose deaths are so great they are only measured in tonnes. There are many advantages to your life and the world around you if everyone becomes a vegetarian, some of which follow: Becoming a vegetarian means less environmental problems. The evidence of a USA report "one of the ... most significant contributors to the most serious environmental problems, at every scale from local to global...
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...As the Greek philosopher Socrates once said, “The secret of change is to focus all of your energy, not on fighting the old, but on building the new” (Socrates). The ability to adapt to change and have faith in others are two traits necessary for success. Barbara Kingslover’s The Bean Trees emphasizes these two crucial skills. A novel centered around a woman named Taylor, her daughter Turtle, and her close friend Lou Ann, The Bean Trees follows along on the difficult journey these characters face. Taylor and Lou Ann encounter many obstacles, including acquiring a child, divorcing a spouse, moving away from home, finding a new career path, and discovering new friends they could have never imagined. In Barbara Kingslover’s The Bean Trees, similes,...
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...home after the previous governess died. Douglas begins to read from the written record, and the story shifts to the governess’s point of view as she narrates her strange experience. The governess begins her story with her first day at Bly, the country home, where she meets Flora and a maid named Mrs. Grose. The governess is nervous but feels relieved by Flora’s beauty and charm. The next day she receives a letter from her employer, which contains a letter from Miles’s headmaster saying that Miles cannot return to school. The letter does not specify what Miles has done to deserve expulsion, and, alarmed, the governess questions Mrs. Grose about it. Mrs. Grose admits that Miles has on occasion been bad, but only in the ways boys ought to be. The governess is reassured as she drives to meet Miles. One evening, as the governess strolls around the grounds, she sees a strange man in a tower of the house and exchanges an intense stare with him. She says nothing to Mrs. Grose. Later, she catches the same man glaring into the dining-room window, and she rushes outside to investigate. The man is gone, and the governess looks into the window from outside. Her image in the window frightens Mrs. Grose, who has just walked into the room....
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...character? To what extent is her final protest justified? How do the other characters portray themselves by their attitudes toward the ritual? Mrs. Tess Hutchinson stands out right from the start: she arrives at the lottery late. She explains to Mr. Summers that she was doing her dishes and forgot what day it was. The town treats her lateness lightly, but several people comment on it, “in voices just loud enough to be heard across the crowd, ‘Here comes your Missus, Hutchinson,’ and ‘ Bill, she made it after all.’” (Jackson 501). It is ironic that she is the one who wins the lottery, and is fated to be stoned. So Tess Hutchinson has already been noticed by people as one who is not entirely part of the group. Before the drawing she is friendly with the other women, pretending to be pleased to be present. The very moment that she sees is her family that draws the black dot, though, her egotism is evident. “You didn’t give him time enough to take any paper he wanted. I saw you. It wasn’t fair!” (Jackson 504). She continues to scream about the unfairness of the ritual up until her stoning. Mrs. Hutchinson knew the lottery was wrong, but she never did anything about it. She pretends as much as she could to enjoy it, when she truly hated it all along. Maybe Jackson is suggesting that the more hypocritical one is, the more of a target they are. Mrs. Hutchinson was clearly the target of her fears. I think sometimes we have no problem remarking on people’s adultery until it is ourselves that...
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