Applesauce Co.’s share price is $50/share with $2.5m shares outstanding, $125m in debt, and $350m in free cash flow this year. Applesauce’s beta is 1.2 with a 5.5% before-tax cost of debt and an expected growth rate of 1.5%. The market risk premium is 6%, the risk free rate is 3%, and the tax rate is 30%. What is Applesauce’s present valuation? Round to the nearest million dollars.

In 2024, researchers estimated that approximately 35% of people in the U.S. have some form of an internet addiction and 10% of people in the U.S. were addicted to social media.

The Agency for Healthcare Research and Quality (AHRQ) found that mental health disparities were decreasing, and minority populations were increasingly receiving equitable care.

How is the Rococo an extension of the Baroque, but more delicate and lavish in its interior decoration? How does the Rococo relate to Neoclassical artwork? Romantic artwork? Give examples from your textbook and using formal analysis, explain why you chose them.

Give a brief historical background of the painting Mona Lisa, and state your opinion of that curious smile. Why is this painting important in history?

Define the term Renaissance as it relates to Classical literature. Give an example from the textbook and use formal analysis to explain your answer.

Discuss the significance of weight and mass in Giotto’s Madonna and Child Enthroned. Choose another work of Giotto’s in which weight and mass can be seen and explain through formal analysis why you chose your image.

What do you think is the most important theme or idea to take away from this module and why?

TFC=Total Fixed CostQ=Quantity of OutputMC=Marginal Costp=Product PriceTVC=Total Variable Cost Refer to the above information. Marginal cost is:

Refer to the above diagram. A decrease in quantity demanded is depicted by a: