I need help with this assignment. I need the best answer possible.

AYR Co. is considering two separate projects known as ‘Aspire’ and ‘Wolf’ which are quite different but each of which has the potential to increase AYR Co.’s market share. To date $120,000 has been spent on market research into the increase in demand that can be expected for each project. The next stage is to conduct a financial appraisal to determine which project should be taken forward as AYR Co. can only afford to fund one project at this time.

Project Aspire:

This project will require the acquisition of plant and machinery costing $2,250,000 which is payable immediately. This machinery will have a scrap value of $375,000 at the end of the 5 years. There is also $140,000 working capital to be used immediately. This amount has been taken from the company’s retained profits and will be repaid at the end of the project. Cash inflows are expected to be $650,000 in year 1 rising at a rate of 7.5% per annum for years 2 to 5 inclusive. Variable costs in year 1 are expected to be $27,000 per annum and are expected to rise at 6.75% per annum. Capital allowances are available on the plant and machinery as follows:

 $

Year 1      600,000

Year 2      390,000

 Year 3     345,000

 Year 4     300,000

 Year 5       240,000

This project will expand the current product range and will appeal to existing and potential customers.

Project Wolf:

This project will require an immediate outlay of $2,250,000. This expenditure will not attract capital allowances. Annual cash inflows of $955,000 are expected to be constant for the life of the project. Material costs are expected to be $14,400 in the first year, rising at an annual inflation rate of 7.5% per annum. Other expenses are expected to be $18,000 in year 1 and these are expected to fall by 7.5% per annum over the life of the project.

To undertake Project Wolf, factory space which is currently generating rental income will need to be used for the project. The rental income, which would not have been expected to change over the five-year period, is $75,000 per annum.

This project will take the company in a new direction appealing to a different type of customer.

Additional financial information:  Corporation tax is paid at a rate of 20% and tax is payable one year in arrears.  The weighted average cost of capital is 10% and, unless otherwise stated, cash flows occur at the end of the year to which they relate.  A straight line method of depreciation at a rate of 20% is applied to all noncurrent assets.

The initial investment of $2.250m, for whichever project is chosen, is significant in terms of value for AYR Co. The board of directors is considering ways to finance the investment, and will choose between, increasing equity by issuing new ordinary shares, or taking on new debt in the form of a bank loan at a fixed rate of interest.  

AYR Co. is currently financed as follows:

Capital Employed 

Equity holder funds $20million

 Long term debt $18million

Total 38 million

Required:

Report to the Directors of AYR Co. which includes the following. 1. A calculation of the Net Present Value (NPV), Internal Rate of Return (IRR) and Payback Period for projects Aspire and Wolf. Detailed calculations should be included as an appendix to the report. All cash flows should be rounded to the nearest $.                                                                                            30%                                                                                                                   

2. Analysis and evaluation of the investment project options as follows: i. A recommendation regarding which project (if any) to undertake; ii. Justifications for your recommendation including an evaluation of the investment appraisal techniques used in task 1 above. iii. A summary of other factors that should be considered and information that may be needed prior to making a final decision.    30%

3. A discussion of the two sources of finance being considered by the board of AYR Co. Your report should include:  

i. A description of Equity and Debt.

ii. An explanation of the costs of each source of finance.

iii. An analysis of the effect the selection of the source of finance may have on AYR Co.’s weighted average cost of capital. iv. An assessment of the impact of the selection of finance on current and potential shareholders and lenders. 30%  

Marks are available for presentation of the report, which must not exceed THREE THOUSAND words.                                                                                                               10%     

                                                                                                                             Total 100% Marking guidance

Section Weighting Criteria 1) Calculation of NPV, IRR and Payback.

2) Analysis evaluation and recommendation. Additional factors and information.

3) Discussion of two sources of finance. Impact on WACC and investors/lenders.

30%

30%

30%

Demonstrate:  Relevant practical, academic and subject specific skills  Knowledge understanding and appreciation of issues involved.  Ability to research and provide practical and relevant points  Clear communication, explanation evaluation and discussion of aspects being covered.

Report Structure and presentation

10%

 Clarity of layout, grammar, presentation and inclusion of all relevant matters  Tone and use of professional language i.e. suitable for addressee of report  Accuracy of referencing, and appropriate use of appendices

 

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I need the answers to the following questions: Describe the substantive audit procedures Taylor should consider performing in auditing Palmer’s goodwill and trademark assets. Do not discuss Palmer’s internal controls.If Taylor engages a valuation specialist, will be used as audit evidence.An auditor generally follows a substantive strategy when auditing long term debt and capital accounts because . The auditor may follow a reliance strategy when15-2. The most important assertions for long term debt are. The documents that normally contain the authorization to issue long term debt is15-3. Substantive analytical procedures may be used to provide evidence on the reasonableness of interest expense by15-4. Confirmations of long term debt provide evidence about the following assertions15-5. The registrar has the following functions. The transfer agent is responsible for . The dividend disbursing agent performsMultiple ChoiceWhich of the following questions would an auditor most likely include on a control questionnaire for notes payable

 

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I need the answers to c and d and I need to see the work and I need it as perfect as possible

The Judy Gray Income Tax Service is analyzing its customer service operations during the month prior to the April filing deadline.  On the basis of past data, it has been estimated that customers arrive according to a Poisson process with an average arrival rate of one every 12 minutes.  The time to complete a return for a customer is exponentially distributed with a mean of 10 minutes.  Assume that the customer has all of the information needed for Judy to complete the tax return at this one visit.  When the person is being helped, she meets with Judy in her office.  If the individual is waiting for help, she will be in the waiting area.  Based on this information, answer the following questions. 

Do not round your results to integer numbers.

a) On the average, how many customers should the waiting area be designed to hold? 

Average number of people

L q = λ2/ µ (µ – λ)

L q = 102/ 12(12 – 10)

L q = 102/ 12(2)

L q = 100/ 24

L q = 4.17 = 5

b) What is the probability that an arriving customer would find at least four people in the waiting area waiting for help? 

P(x; μ) = (e-μ) (μx) / x!

P(x≥4) = 0.99771

c) At this time, Judy is not going to add another person to help complete the tax returns.  If the arrival rate remains unchanged but the average time in the system must be 40 minutes or less, what would need to be changed and what would the value of the change need to be?

d) Judy is now considering adding a person to help her process the tax returns.  This person will help Judy by checking the paper work for the customers but does not work directly with any customer.  Judy believes that this will allow her (Judy) to complete the returns in six minutes 40 seconds on average.  Judy would need to pay this person $50 per hour.  Judy believes that she has to reduce her cost of the service by $15 per hour for every hour a customer is in her office either waiting for help or being helped.  Should she add this person or continue working by herself?  Base your analysis on the economics of the two options.   

 

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I need the answers for this assignment on the Mars, Inc. that was answered on January 19, 2019.

 

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I need this 5 pages essay the introduction and book information alone with scholarly sources, and biblical sources as well. No! Plagiarism what’s so ever they do use “turnitin”   I will apply the instruction. This is the only book to use not the 2010 only 2015 version of this book only please.  

Integrative Approaches to Psychology and Christianity, 3rd Edition

An Introduction to Worldview Issues, Philosophical Foundations, and Models of Integration

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