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Membership selection. A town council has 14 members, 8 Democrats and .pdf

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lou are thinking about buying a printing press today that will print t-shirts for many rears including the celebration of a DePaul Men's Hockey National Championship. a. The machine will cost $15mm to buy and $1mm to install. b. For working capital, assume that you must have an increase in accounts receivable of $5mm, an inventory increase of $2mm and an accounts payable increase of $1mm. You will use the machine for regular printing jobs; these jobs will produce $5mm of positive after-tax cash flow per year (assume the cash flows start after one year and end after 25 total years). c. The victory will produce a special one time extra after-tax cash flow of $11.70mm in 5 years from now because of the National Championship. d. Your WACC is 15%. Your tax rate is 25%. e. At the end of 25 years, you shut down (and sell) the machine for $4mm and liquidate the working capital. Assume the machine had been depreciated to a tax value of $1mm. What is the NPV of the project? Round to the nearest $mm. $45mm would be the form of a correct answer. Hint...you should come pretty close to a nice round number..

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Membership selection. A town council has 14 members, 8 Democrats and 6 Republicans. (A) If the president and vice-president are selected at random, what is the probability that they are both Democrats? (B) If a 3-person committee is selected at random, what is the probability that Republicans make up the majority? (A) The probability that they are both Democrats is approximately (Type a decimal. Round to three decimal places.)

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