Fundamentals of Finance Essay Example | Topics and Well Written Essays - 2750 words

Fundamentals of Finance - Essay Example The company’s current drill and platform was purchased 3 years ago for  £10M. The firm depreciates the machine using MACRS over a 5 year recovery period when the assets are replaced due to very high maintenance costs. The company’s management estimates that after removal costs are taken into consideration, this platform can be sold for  £3.5M. The company can also buy a new high specification platform at a cost of  £14M plus installation costs of  £1M and still has an estimated life of 5 years. If they decide to go ahead with this purchase then the company’s working capital needs will change; accounts receivable will increase to  £1.5M, accounts payable will also increase to  £1M and inventory will increase to  £2M. Swindon is expected to be able to sell the new, proposed machine at the end of the 5-year period for  £4M while the present machine at the end of the same period is expected to generate  £2.5M. All else equal, the company expects to recover their Net Working Capital Investment at the end of the same period. The company’s tax rate is at 40%. The existing machine is expected to net  £3,500,000 each year for the next 5 years. Along with the C.F.O, the Operations Officer has also laid down the estimated cash flows of the company from the new drilling platform as follows: 1) DEBT: the company can raise an unlimited amount of debt by selling  £1,000 par value, 6.5% coupon interest rate, 10 year bonds on which annual interest payments will be made. To sell the issue, an average discount of  £20 per bond needs to be given. There also is an associated flotation cost of 2% of par value. 2) PREFERRED STOCK: the company can raise an unlimited amount of preferred stock under the following terms; (a) the security has a par value of  £100/share, (b) the annual dividend rate is 6% of the par value, (c) the flotation cost is expected to be  £4 per share. The preferred stock is expected to sell for  £102 before cost considerations.

Euthansasia Essay Example | Topics and Well Written Essays - 1000 words

Euthansasia - Essay Example The thing that was brought to notice from the acceptance of euthanasia in some regions like Oregon (United States) can be considered as the harsh truth. The practice of euthanasia even results in assistance of death to those who aim for suicide even though their ailment is chiefly depression and not painful physical condition. Several other wrong practices find their way under the roof of euthanasia, which becomes crucial to be addressed with prominence of attention. Holy Bible, the most important religious book of Christians directs the thoughts and believes of a person the acceptance of God as the power who alone should hold the right to take away life. Thus, euthanasia, a practice by means of which assisted suicide is provided to the patients in terminally ill position is not within the acceptance boundaries of ethics as presented in the holy Bible. As per Bible and believers of bible only Almighty Father hold the right to take away the life from the human body. Thus, acceptance of euthanasia or assisted suicide essentially leads to the violation of the laws of the Bible. Christians who hold strong believe in Holy Bible and its teachings present themselves with the situation in which respect for the holy words should be given and following of the teachings should be strictly adhered. Thus, the acceptance of assisted suicide for the terminally ill patients also should not be practiced as per Christianity. We hereby discuss few papers on euthanasia that has been published on the basis of studies carried out on the topic of euthanasia.Euthanasia- In the light of scientific research Haverkate (1998) and colleagues performed a study to describe the presence of and compliance with guidelines in the cases of euthanasia and intensifying of the alleviation of pain and symptoms. The study also held its focus to the understanding of the opinions of physicians about written guidelines. In addition, the relationship between meeting of the requirements for prudent practice and presence of and compliance with guidelines or euthanasia was studied (Haverkate, 1998). Interview was used as the method of data collection. And the results revealed that in case of meeting the requirements for prudent practice, there existed no significant differences between cases of euthanasia in which EAS (euthanasia or assisted suicide) guidelines were present and the ones in which there were no such guidelines. In addition, the presence of guidelines seemed to project better adherence to consultation and other essential actions. However, it is essential note that the study had a limitation, fo r the collection of data was based on the self-report of physicians and the content of guidelines was not verified. We therefore prose that well-designed, large sample sized research studies should be conducted so as to further assure the results as revealed from this study. In another study, Rurup (2005) and colleagues attempted to learn more about the characteristic patients who request for euthanasia or physician assisted suicide and the effect of physicians decision. It was concluded from the study that being tired of living could play a crucial part in the desire of euthanasia in the patients. The tired of living phenomenon can exist irrespective of whether the patient is suffering from a major disease or not. It was noted that the high occurrence of symptoms in the absence of classifiable sever disease