A new aerated sewage lagoon is required in a small town. Earlier this year one was built on a similar site in an adjacent city for $2.3 million. The new lagoon will be 60% larger. Use the power sizing exponent 1.13 to estimate the cost of the new lagoon. Equipment or Facility Size Range Power- Sizing ExponentBlower, centrifugal 10,000- 100,000 ft^3/min 0.59Compressor 200-2100 hp 0.32Crystallizer, vacuum batch 500-7000 ft^2 0.37 Dryer, drum, single atmospheric 10-100 ft^2 0.4Fan, centrifugal 20,000-70,000 ft^3/min 1.17Fitter, vacuum rotary drum 10-1500 ft^2 0.48Lagoon, aerated 0.05-20 million gal/day 1.13Motor 5-20 hp 0.69Reactor, 300 psi 10-1000 gal 0.56Tank, atmospheric, horizontal 100-40,000 0.57

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

The market yield on spice grills' bonds is 15%, and the firm's marginal tax rate is 33%. what is their shareholders' required return if the equity risk premium is 4%?

Atax on the sellers of coffee will a. increase the price of coffee paid by buyers, increase the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. b. increase the price of coffee paid by buyers, increase the e ffective price of coffee received by sellers, and decrease the equilibrium quantity of coffee. c. increase the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and increase the equilibrium quantity of coffee. d. increa se the price of coffee paid by buyers, decrease the effective price of coffee received by sellers, and decrease the equilibrium quantity of coffee.