California's current population is 36.5 million people and its population is expected to grow by 2% annually. How long will it take for the population to double?
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How long will it take for the population to double?
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- 3) The population of Springfield is about 375,000 people and is currently increasing at a rate of 7% per year. Using this data, approximate to the nearest whole number the expected population in 10 years. How many years from now before the population first exceeds one million people?A small, US-based manufacturing firm is interested developing a new product to that would be produced andsold starting in 2022. Based on a preliminary market analysis, a demand forecast for the product (i.e., aprediction of the number of units sold each year) anticipates that 72,000 units can be sold the first year at aprice of $99.95 per unit. However, after that, sales are expected to decline each year according to a 95%learning curve.The required manufacturing process can produce 12 units of product per hour, up to a maximum of 72,000units per year. It would cost $4,000,000 to purchase and install the necessary manufacturing equipment,which would have a 10-year useful life. The equipment is expected to have little, if any, salvage value at theend of its useful life. While the equipment belongs to the 7-year MACRS property class, the firm willdepreciate the equipment using the most advantageous method allowed by US tax law.The manufacturing process requires the labor of a team of…A company is considering two potential projects. Project Alpha requires an investment of 1,000,000 and will return 185,464.74 per year at the end of each of the next six years. It has an IRR of α%. Project Beta requires and investment of 860,725 and will return 300,000 at the end of year one and 600,000 at the end of year two. It has an IRR of β%. Calculate α-β.
- A project worth 100 million today can be taken at a costs of 88.24 million. Now suppose the investment option does not expire today, but rather will exist another year. Further, suppose that it is reasonable to expect that, if we wait until next year, there is 70% chance that the market will improve and the same project would be worth $ 113.21 million. On the other hand there is 30% chance that market will decline, which will result in a value of only 78.62 million. In either case, the project cost will increase by 2%. Assume that risk free rate is 3% and required rate of return on this project is 9% per annum. Answer the following questions based on this information. (1) When would you like to invest in the project (now or next year)?Suppose natural gas experiences a 1.8% increase per year in real terms over the foreseeable future. The cost of a 1,000 cubic feet of natural gas is now $7.50. Solve, a. What will be the cost in real terms of 1,000 cubic feet of natural gas in 22 years? b. If the general price inflation rate (e.g., the CPI) for the next 22 years is expected to average 3.2% per year, what will a 1,000 cubic feet of natural gas cost in actual dollars 22 years from now?Assume that the average price of a new home is $158,500. If the cost of a new home is increasing at a rate of 10% per year, how much will a new home cost in eight years?
- Towson Industries is considering an investment of $256,950 that is expected to generate returns of $90,000 per year for each of the next four years. What is the investment’s internal rate of return?Consider a project to supply 102 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $1,715,000 five years ago; if the land were sold today, it would net you $1,790,000 aftertax. The land can be sold for $1,750,000 after taxes in five years. You will need to install $5.45 million in new manufacturing plant and equipment to actually produce the stamps; this plant and equipment will be depreciated straight-line to zero over the project's five-year life. The equipment can be sold for $655,000 at the end of the project. You will also need $585,000 in initial net working capital for the project, and an additional investment of $52,000 in every year thereafter. Your production costs are .50 cents per stamp, and you have fixed costs of $1,070,000 per year. If your tax rate is 23 percent and your required return on this project is 8 percent, what bid price should you submit on the contract? Note: Do not round…The Steel Factory is considering a project that will produce annual cash flows of $43,800, $40,200, $45,700, and $41,800 over the next four years, respectively. What is the internal rate of return if the initial cost of the project is $127,900?
- Towson Industries is considering an investment of $256,950 that is expected to generate returns of $90,000 per year for each of the next four years. What Is the Investments internal rate of return?11) What is the rate of return (IRR) of a project that will generate revenues of $40,000 at the end of every year for 8 years, given the project will require an initial cash outlay today of $90,000 and another cash outlay of $80,000 in 6 years from today?Consider a project to supply 103 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $1,720,000 five years ago; if the land were sold today, it would net you $1,795,000 aftertax. The land can be sold for $1,751,000 after taxes in five years. You will need to install $5.5 million in new manufacturing plant and equipment to actually produce the stamps; this plant and equipment will be depreciated straight-line to zero over the project's five-year life. The equipment can be sold for $670,000 at the end of the project. You will also need $590,000 in initial net working capital for the project, and an additional investment of $53,000 in every year thereafter. Your production costs are .51 cents per stamp, and you have fixed costs of $1,080,000 per year. If your tax rate is 24 percent and your required return on this project is 9 percent, what bid price should you submit on the contract? (Do not round…
