Bpm corp. is a manufacturer of radar systems for regional-sized jet aircraft. the company has announced plans to enter into a joint venture with j3 composites, a producer of advanced composite materials. the announced venture will produce a new, combined product consisting of the radar unit and protective composite cover. which of the following ownership arrangements would be most typical for a joint venture a. bpm will own more than 50 percent of the venture and a new company will be formed. b. bpm and j3 will both own 50 percent of the venture but no new company will be formed. c. bpm and j3 will both own 50 percent of the venture and a new company will be formed. d. j3 will own more than 50 percent of the venture and a new company will be formed.

What factors excluding price affect demand

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Which of the following is not an example of one of the four mail advantages of prices on a free market economy