SLal Pir Cash Flows Free Cash Flow Calculat 8 9 10 11 2011 2012 2013 2014 67.4 67.1 66.8 66.6 35.1 35.7 36.3 37.0 12.8 12.9 12.9 12.9 89.7 89.9 90.2 90.7 15.5 15.4 15.4 15.3 74.2 74.5 74.8 75.4 EBIT + Depr. - Cap. Ex. - WC Inc. Oper. CF - Taxes Free CF NPV: 1 2004 69.4 30.6 12.5 87.5 16.0 71.5 2 2005 69.1 31.3 12.5 87.9 15.9 72.0 3 2006 68.8 31.9 12.6 88.1 15.8 72.3 4 2007 68.5 32.5 12.6 88.4 15.8 72.6 5 2008 68.3 33.1 12.7 88.7 15.7 73.0 6 2009 68.0 33.8 12.7 89.1 15.6 73.5
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9-204-109 REV: OCTOBER 23, 2006 MIHIR DESAI Globalizing the Cost of Capital and Capital Budgeting at AES In June 2003, Rob Venerus, director of the newly created Corporate Analysis & Planning group at The AES Corporation, thumbed through the five-inch stack of financial results from subsidiaries and considered the breadth and scale of AES. In the 12 years since it had gone public, AES had become a leading independent supplier of electricity in the world with more than $33 billion in assets
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strengths of each member. Suggested Questions Identify the companies with an industry. Marriott Corporation: The Cost of Capital Substantive Issues This case provides you with the opportunity to explore how a company uses the capital asset pricing model (CAPM) to compute the cost of capital for the company and for each of its divisions. The weighted average cost of capital (WACC) formula and the mechanics
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on financing, investment, risk management and incentive management within a multinational firm. This framework emphasizes the need to reconcile conflicting forces in order for multinational firms to gain competitive advantage from their internal capital markets. The paper concludes with a discussion of the course's pedagogical approach and detailed descriptions of all the course materials, including 19 case studies, corresponding teaching notes, several module notes and supplementary materials.
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_________________________________________________________________________ Course Description My aim is to work with you on both concepts that are useful in dealing with international currency issues when operating across national boundaries and on recent developments in the capital markets and financing. The context of the course will be financial issues of importance to corporations, fund managers, and investors. The instructional focus will be individual development. The course aims to develop professional effectiveness
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Lumber Co. by Thomas R. Piper Cartwright Lumber Co.by Thomas R. Piper Citigroup 2007: Financial Reporting and Regulatory Capital by Edward J. Riedl, Suraj Srinivasan Clarkson Lumber Co. by Thomas R. Piper Cooper Industries, Inc. by Thomas R. Piper Cost of Capital at Ameritrade by Erik Stafford, Mark L. Mitchell Debt Policy at UST, Inc. by Mark L. Mitchell Dell’s Working Capital by Richard S. Ruback DermaCare: Zapping Zits Directly by Richard G. Hamermesh, Lauren Barley Diageo plc by George Chacko
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This text was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License without attribution as requested by the work’s original creator or licensee. Organization The overarching logic of the book is intuitive—organized around answers to the what, where, why, and how of international business. WHAT? Section one introduces what is international business and who has an interest in it. Students will sift through the globalization debate and
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HARVARD UNIVERSITY BOSTON, MA USA Teaching, Learning, and Research in the “Just Google It” Age CONFERENCE PROCEEDING VOL. 5, NO.1 ISSN: 2330-1236 Table of Contents Authors Paper Title Page Maryam Abdu Investigating Capital Structure Decisions and Its Effect on the Nigerian Capital Market 1 Norsuhaily Abu Bakar Rahimah Embong Ibrahim Mamat Ruzilawati Abu Bakar Idris Abd. Hamid Holistically Integraded Curriculum: Implications for Personality Development 16 Sandra Ajaps Geography Education in
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