Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Chapter 15, Problem 4P
Summary Introduction

To determine: Value of operations and number of shares left with company after stock repurchase.

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For EnPro, Please find the following values using the pdf (value line) provided . Please no excle.    When finding R, use the formula: Risk Free Rate + Beta * (Market Rate – Risk Free Rate)  The Risk Free Rate will always be 0.016 and the Market Rate will always be 0.136 for this problem. (For R, I got 17.2%, If I'm wrong can you please explain how) On Value Line: DPO = All Div'ds to Net Profit On Value Line: ROE = Return on Shr. Equity On Value Line: P/E = Avg Ann'l P/E ratio* The first 4 results should be rated to the year 2025 (r, Average DPO, Growth rate, Average P/E)   r= _ Average DPO= _ Growth rate= _ Average P/E= _ 2026 EPS= _ 2027 EPS= _ 2028 EPS= _ 2026 dividend= _ 2027 dividend= _ 2028 dividend= _ 2028 price= _ 2028 total cash flow Intrinsic value= _
You want to buy equipment that is available from 2 companies. The price of the equipment is the same for both companies. Gray Media would let you make quarterly payments of $1,430 for 7 years at an interest rate of 1.59 percent per quarter. Your first payment to Gray Media would be today. River Media would let you make monthly payments of $X for 8 years at an interest rate of 1.46 percent per month. Your first payment to River Media would be in 1 month. What is X? Input instructions: Round your answer to the nearest dollar. 59
You want to buy equipment that is available from 2 companies. The price of the equipment is the same for both companies. Gray Media would let you make quarterly payments of $14,000 for 6 years at an interest rate of 1.50 percent per quarter. Your first payment to Gray Media would be in 3 months. Island Media would let you make monthly payments of $X for 4 years at an interest rate of 1.35 percent per month. Your first payment to Island Media would be today. What is X? Input instructions: Round your answer to the nearest dollar. 99
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