You are leading a team on a m& a deal. suddenly your analyst has disappeared and you have the following unfinished spreadsheet. the acquirer and the target are assumed to have zero growth. now it is up to you to finish this job. acquirer target combined sales 400 100 500 operating expenses 200 60 260 annual cost savings 20 ebit 200 40 ? 1? ebit(1 – t) 120 24 depreciation 40 30 gross plant & equipment 30 30 change in working capital 10 5 free cash flow to firm 120 19 ? 2? discount rate 8.00% 9% 8% firm value 1500 211.111 ? 3? long term debt 400 50 450 equity value 1100 161.111 ? 4? 10. fill in the numbers. what is ? 1?

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.

United continental holdings, inc., (ual), operates passenger service throughout the world. the following data (in millions) were adapted from a recent financial statement of united. sales (revenue) $38,901 average property, plant, and equipment 17,219 average intangible assets 8,883 1. compute the asset turnover. round your answer to two decimal places.