Ava’s spinball corp. lists fixed assets of $13 million on its balance sheet. the firm’s fixed assets have recently been appraised at $18 million. ava’s spinball corp.’s balance sheet also lists current assets at $6 million. current assets were appraised at $8 million. current liabilities’ book and market values stand at $4 million and the firm’s book and market values of long-term debt are $7 million. calculate the book and market values of the firm’s stockholders’ equity. construct the book value and market value balance sheets for ava’s spinball corp. (enter your answers in millions of

What two things do you consider when evaluating the time value of money

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400