A potential target (JNGW, Inc.) has sales of $460,000, depreciation of $27,000, and net working capital of $56,000. The firm has a tax rate of 21 percent and a profit margin of 6 percent. The firm has no interest expense. What is the amount of the operating cash flow for JNGW, Inc.?  

Whitney Whitrock Watersports, Inc. (WWW) has asked you to calculate the increase or decrease in net working capital from 2020 to 2021.   WWW has provided the following information.   ($ in millions)                                           2020                             2021 Accounts Receivable                               $210                             $240 Accounts Payable                                    $112                             $115 Inventories                                               $234                             $228 Prepaid Expenses                                    $ 21                              $ 24 Accrued Liabilities                                   $110                             $145 Other Current Liabilities                          $ 70                              $ 62  

The projection period may vary based on specifics of the target company. From the list below, identify which of the following factors may help determine the length of the projection period:   The Sector of the target company The predictability of the FCF’s The maturity of the target business The business model of the target company    

Bella’s Bone World, Inc. has total revenue of $6,000, depreciation of $720, selling and administrative expenses of $554, interest expense of $162, dividends of $75, cost of goods sold of $2,354.  The company is in the 21% tax bracket. What is the operating cash flow?  

Using the Capital Asset Pricing model to estimate the cost of equity will require an estimate of the risk-free rate. Which of the following is an acceptable proxy for the risk-free rate?  

Calculating the free cash flow for the target company can be challenging.  Which of the following is not a key driver of the target company’s projected free cash flow?  

When using the DCF method of valuation for a target company, it is important to capture the value of the target company beyond the projection period. From the list below, select the best methodology to use for this purpose:

The measure of beta associates most closely with:

Sanjay, driving under the influence, causes a car accident that results in the death of Tanya. Sanjay is arrested and charged with a crime punishable by imprisonment for more than a year. This crime is a

Which of the following is not one of the Defenses to Criminal Liability we discussed in class?