Merger AnalysisMarston Marble Corporation is considering a merger with the Conroy Concrete Company. Conroy is a publicly traded company, and its beta is 1.20. Conroy has been barely profitable, so it has paid an average of only 20% in taxes during the last several years. In addition, it uses little debt, its target ratio is just 25%, with the cost of debt 9%.If the acquisition were made, Marston would operate Conroy as a separate, wholly owned subsidiary. Marston would pay taxes on a consolidated basis, and the tax rate would therefore increase to 40%. Marston also would increase the debt capitalization in the Conroy subsidiary to wd = 35%, for a total of $23.82 million in debt by the end of Year 4, and pay 10.5% on the debt. Marston’s acquisition department estimates that Conroy, if acquired, would generate the following free cash flows and interest expenses (in millions of dollars) in Years 1-5:YearFree Cash FlowsInterest Expense1$1.30$1.22 1.50 1.73 1.75 2.84 2.00 2.15 2.12? In Year 5 Conroy’s interest expense would be based on its beginning-of-year (that is, the end-of-Year-4) debt, and in subsequent years both interest expense and free cash flows are projected to grow at a rate of 8%.These cash flows include all acquisition effects. Marston’s cost of equity is 8.0%, its beta is 1.0, and its cost of debt is 8.5%. The risk-free rate is 5%, and the market risk premium is 3.0%.a.What is the value of Conroy’s unlevered operations? Do not round intermediate steps. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionWhat is the value of Conroy’s tax shields under the proposed merger and financing arrangements? Do not round intermediate steps. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionb. What is the dollar value of Conroy’s operations? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionIf Conroy has $8 million in debt outstanding, how much would Marston be willing to pay for Conroy? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.million
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Mentoring And Service Learning
/in Uncategorized /by developerMentoring and Service-Learning
The following topic(s) will demonstrate what the discussion is about, but feel free to branch off or expand on the topics. In addition to this discussion, you will be asked to craft a 150 word reflection on what you have learned through this conversation and post it to the Reflection Journal. The more active you are in this part of the discussion, the more you will have to draw from in your reflection, so get involved, be active, help out your classmates when they need it, and, most of all, enjoy the conversation.
The more active you are in this part of the discussion, the more you will have to draw from in your reflection, so get involved, be active, help out your classmates when they need it, and, most of all, enjoy the conversation.
In the book Pour Your Heart Into It, Schulz relied on several people for advice when he was following his dreams. Think about a time when you have given or received advice. Was it helpful? Was it not so good advice? Additionally, list two or more traits you would like to see in a mentor. Why are these traits important to you? Minimum 150 words
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Meone Were To Come Along And Reallocate Redistribute The Endowments So That They
/in Uncategorized /by developerIf someone were to come along and reallocate (redistribute) the endowments so that they were exactly the same for everyone, what do you think would happen? From a social perspective, how would you define the “ideal” allocation (distribution of the n goods) in this economy? That is, what makes one outcome “best” ? What is the best way of achieving this outcome/allocation? What more would you want to know about this economy in order to answer this?
It is not possible for the economy to stay stable in case of reallocation and redistribution ofendowments to an extent that become same for everybody as this would lead to imbalance inthe assets…
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Meow Mart Is A Locally Owned Cat Boutique Specializing In Custom Built Cat Condo 1
/in Uncategorized /by developerMeow-Mart is a locally owned cat boutique specializing in custom-built cat condos. Meow-Mart has teamed up with a local carpentry business and have seen a boom in business within a 100 mile proximity to the stores premise.
Meow-Mart has decided to hire a Management Information Systems consultant to assess and recommend an Information Technology plan that supports the following business objectives:
Instructions
You will present your IT plan to Meow-Mart’s Owner using Microsoft PowerPoint. You will need to include audio explaining the slides, diagrams/charts, quantitative analysis, and Disaster Recovery Planning worksheet. To find help on how to include audio with your PowerPoint presentation see the link in Resources.
The strategy must include the following components:
Resources (if needed)
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Meow Mart Is A Locally Owned Cat Boutique Specializing In Custom Built Cat Condo
/in Uncategorized /by developerMeow-Mart is a locally owned cat boutique specializing in custom-built cat condos. Meow-Mart has teamed up with a local carpentry business and have seen a boom in business within a 100 mile proximity to the stores premise.
Meow-Mart has decided to hire a Management Information Systems consultant to assess and recommend an Information Technology plan that supports the following business objectives:
Instructions
You will present your IT plan to Meow-Mart’s Owner using Microsoft PowerPoint. You will need to include audio explaining the slides, diagrams/charts, quantitative analysis, and Disaster Recovery Planning worksheet. To find help on how to include audio with your PowerPoint presentation see the link in Resources.
The strategy must include the following components:
Resources (if needed)
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Merce Industry How Are Big Data And Data Analytics Used By The Industry Can You
/in Uncategorized /by developerThe E-commerce industry
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Merchandise Subject To Terms 1 10 N 30 Fob Shipping Point Is Sold On Account To 1
/in Uncategorized /by developerMerchandise subject to terms 1/10, n/30, FOB shipping point, is sold on account to a customer for $17,500. The seller issued a credit memorandum for $4,000 prior to payment. What is the amount of the cash discount allowable?a. $215 b. $175 c. $135 d. $140
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Merck And River Blindness Headquartered In New Jersey Merck Amp Co Is One Of The
/in Uncategorized /by developerRead the attachment (short case study) and answer the following questions;
1. Identify the affected parties (25-50 words)
2. Identify the consequences (25-50 words)
3. Identify the obligations (25-50 words)
I know it is short notice but I don’t have time to get it done. I need it by 12 noon Eastern Standard Time on Monday.
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Meredith Delgado Owns A Small Firm That Has Developed Software For Organizing An
/in Uncategorized /by developerconstruct a tornado diagram for the scenario based on the ranges for the variables provided, do not adjust decision calculating EMVs, but, instead consider the settlement to be the safe alternative.
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Merge Code 1 1 Pre Arr First Mid And Arr Mid 1 Last Are Sorted 1 1 Post Arr Firs
/in Uncategorized /by developerHomework help cs c language
how can the merge function be modified to achieve the description of the question
Merge Code1 1 Pre : arr [ first . . mid] and arr [ mid + 1 . . last ] are sorted1 1 Post : arr [ first .. last ] are sortedvoid merge ( int arr [ ] , int First , int mid , int last ) [int len = last – first + 1 ; int newArr [ 1en ] ;int left = first ; int right = mid + 1 ;For ( int newpos = O ; newPos < len ; newPos + + ) [if ( arr [ left ] < arr [ right ] ) [newArr [ new P os ] = arr [ left + + ] :` else [newArr [ new Pos ] = arr [ right + + INarr cpy ( arr + first , newArr , len ) ;post- increment operator . Equivalent code*newArr [ newPos ] = arr [ left ] ;left+ + ;`
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Merger Analysis Marston Marble Corporation Is Considering A Merger With The Conr
/in Uncategorized /by developerMerger AnalysisMarston Marble Corporation is considering a merger with the Conroy Concrete Company. Conroy is a publicly traded company, and its beta is 1.20. Conroy has been barely profitable, so it has paid an average of only 20% in taxes during the last several years. In addition, it uses little debt, its target ratio is just 25%, with the cost of debt 9%.If the acquisition were made, Marston would operate Conroy as a separate, wholly owned subsidiary. Marston would pay taxes on a consolidated basis, and the tax rate would therefore increase to 40%. Marston also would increase the debt capitalization in the Conroy subsidiary to wd = 35%, for a total of $23.82 million in debt by the end of Year 4, and pay 10.5% on the debt. Marston’s acquisition department estimates that Conroy, if acquired, would generate the following free cash flows and interest expenses (in millions of dollars) in Years 1-5:YearFree Cash FlowsInterest Expense1$1.30$1.22 1.50 1.73 1.75 2.84 2.00 2.15 2.12? In Year 5 Conroy’s interest expense would be based on its beginning-of-year (that is, the end-of-Year-4) debt, and in subsequent years both interest expense and free cash flows are projected to grow at a rate of 8%.These cash flows include all acquisition effects. Marston’s cost of equity is 8.0%, its beta is 1.0, and its cost of debt is 8.5%. The risk-free rate is 5%, and the market risk premium is 3.0%.a.What is the value of Conroy’s unlevered operations? Do not round intermediate steps. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionWhat is the value of Conroy’s tax shields under the proposed merger and financing arrangements? Do not round intermediate steps. Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionb. What is the dollar value of Conroy’s operations? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.millionIf Conroy has $8 million in debt outstanding, how much would Marston be willing to pay for Conroy? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to two decimal places.million
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