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NEW QUESTION: 1
Which two protocols are used by Cisco Unified Presence? (Choose two.)
A. IMPP
B. PPPoX
C. SIP/SIMPLE
D. SCCP
E. XMPP
Answer: C,E
Explanation:
The Skinny Call Control Protocol (SCCP, or short Skinny) is a proprietary network terminal control protocol. PPPoX (PPP over X) designates a family of encapsulating communications protocols implementing Point-to-Point Protocol. Link: http://www.cisco.com/en/US/docs/voice_ip_comm/cups/8_0/english/install_upgrade/deployment/g uide/dgoverview.html
NEW QUESTION: 2
Photon Corporation has a target capital structure of 60 percent equity and 40 percent debt. The firm can raise an unlimited amount of debt at a before-tax cost of 9 percent. The company expects to retain earnings of $300,000 in the coming year and to face a tax rate of 35 percent. The last dividend was $2 per share and the growth rate of the company is constant at 6 percent. If the company needs to issue new equity, then the flotation cost will be $5 per share. The current stock price is $30. Photon has the following investment opportunities:
Project Cost IRR
1 $100,000 10.5%
2 $200,000 13.0
3 $100,000 12.0
4 $150,000 14.0
5 $75,000 9.0
A. $625,000
B. $350,000
C. $450,000
D. $150,000
E. $550,000
Answer: C
Explanation:
Explanation/Reference:
Explanation:
Calculate the retained earnings break point (BPRE) as $300,000/0.6 = $500,000. Calculate ks as D1/P0 + g = $2(1.06)/$30 + 6% = 13.07%. Calculate ke as D1/(P0 - F) + g = $2(1.06)/($30 - $5) + 6% = 14.48%.
Find WACC below BPRE as: WACC = 0.6(13.07%)+ 0.4(9%)(1 - 0.35) = 10.18%. Thus, up to $500,000 can be financed at 10.18%. Find WACC above BPRE as: WACC = 0.6(14.48%) + 0.4 (9%) (1 - 0.35)
11.03%. Thus, financing in excess of $500,000 costs 11.03%. Projects 2, 3, and 4 all have IRRs exceeding either WACC and should be accepted. These projects require $450,000 in financing. Project 1 is the next most profitable project.
Given its cost of $100,000, half or $50,000 can be financed at 10.18% and the other half must be financed at 11.03%. The relevant cost of capital for Project 1 is then 0.5(10.18%) + 0.5(11.03%) = 10.61%. Since Project 1's IRR is less than the cost of capital, it should not be accepted. The firm's optimal capital budget is $450,000.
NEW QUESTION: 3
Plan Communications Management develops an approach and plan for project communications based on stakeholders' needs and requirements and:
A. Interpersonal skills
B. Available organizational assets
C. Enterprise environmental factors
D. Project staff assignments
Answer: B
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Feedbacks
Aalk - 2014-05-05 16:45:18
Plato - 2014-05-05 16:45:51
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Eleanore - 2014-09-28 16:36:48