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- Describe the process of Capital-Expenditure Decisions made by an economic engineer?120.) Which of the following is not economic investment? The purchase of a drill press by the Ajax Manufacturing Company. Construction of a small heating and air conditioning repair facility. The purchase of 100 shares of AT&T by a retired business executive. The building of a new assembly line for Ford Motor Company.Describe the net future worth of the project?
- A pharmaceutical company has spent $500 million to date working on a blood pressure treatment. It has to decide whether to spend another $500 million today to get final approval from the FDA in two years. Once approved, expected profits will be $50 million per year for the foreseeable future. The firm’s cost of capital is 5%. Should the firm proceed? (Hint: use the perpetuity formula used to value projects found in the readings to find the value of the profit stream that starts in two years, and then discount that.) 2. Suppose some doctors do not see any advantage of using the drug over what they currently prescribe for patients and the profit stream is only $25 million per year. Should the firm proceed? 3. Going back to the original information, suppose there is a delay of a year in getting FDA approval. Should the firm proceed? 4. Going back to the original information, suppose the firm’s’ cost of capital is 10%. Should the firm proceed?when deciding upon the optimal amount of capital, a firm will decide to purchase capital if all of the following holds EXCEPT a) the purchase increases profits b) the real interest rate is higher than the marginal product of capital c) the marginal benefit of capital equals or exceeds the marginal cost of capital d) the marginal product of capital equals or exceeds the marginal cost of capitalIs it always possible for the cash borrowed (released) from a project tobe reinvested to yield a rate of return equal to that received from the project?
- If depreciation rate = .1*(capacity utilization rate)^2 and R/P = .05 What is the equation for the real rate of return on capital? What will be the optimal utilization rate?I was told that the NPV alpha and IRR alpha is correct. but I was also told that project alpha has a higher internal rate of return and higher and present value. Is there many mistakes, within the workout?Consider the following binary linear programming formulation of a capital budgeting problem. Projects x3 and x4 are a. Mutually exclusive b. x3 is contingent on x4 c. x4 is contingent on x3 d. Not related
- What are the important administrative considerations in the capital budgeting process? Discuss one that you have listed.A bank has $5 million in capital that it can invest at a 5 percent annual interest rate. A group of 50 workers comes to the bank wishing to borrow the $5 million. Each worker in the group has an outside job available to him or her paying $50,000 per year. If the group of workers borrows the $5 million from the bank, however, they can set up a business (in place of working their outside jobs) that returns $3 million in addition to maintaining the original investment. a. If the bank has all of the bargaining power (that is, the bank can make a take-itor- leave-it offer), what annual interest rate will be associated with the repayment of the loan? What will be each worker’s income for the year? b. If the workers have all of the bargaining power (that is, the workers can make a take-it-or-leave-it offer), what annual interest rate will be associated with the repayment of the loan? What will be each worker’s income for the year?In choosing between the range of alternative investments typically available to U.S. households, which of the following will play a role in influencing their selection of a particular investment type? Question 43 options: the expected rate of return, risk, and liquidity of each kind of investment the interest rate and the expected rate of return whether or not the majority of households are early stage investors the form of dividends, angel investors, future expectations