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Net Present Value analysis of proposed strategy?s new cash flow and EPS/EBIT analysis NOTE: To construct the first cash flow (cf1) at the very minimum, the new revenue from your strategy(s) must be discounted back to the present value by calculating EBIT and that figure will be your cfn for each year. cf0 (initial cost of your strategy), cf1 (discounted cash flow first year), r (opportunity cost of capital, the rate of the next best alternative use of cash/debt/equity resources).

NPV=-cf0+ cf11+r1+cf21+r2+cf31+r3?cfn1+rn


I have attached the financial statements that have the recommended strategy.  


Running head: JOHN WILEY & SONS, INC. CASE STUDY John Wiley & Sons, Inc. Case Study 2

 

Sekou Fofana

 

Alice Helms

 

Megan Howard

 

Nicholas Walker

 

Liberty University

 

December 06, 2016 JOHN WILEY & SONS CASE STUDY 2 John Wiley & Sons, Inc. Case Study 2

 

Executive Summary

 

John Wiley & Sons, Inc. is an organization which provides solutions and tools in three

 

core businesses; research, education and professional arenas. The tools include journals,

 

databases, lab protocols, references, etc. Wiley & Sons, Inc. has content for all major academic

 

and professional fields which provides research material for more than 800 societies with

 

millions of members. The organization creates products and services to assistance and or

 

enhance education and the workplace, which correlates with success. The professional

 

development component of Wiley & Sons meets the needs of business that are top of their class

 

by providing best practices and strategies to their employees to create innovative and effective

 

business practices. The products and services range from accounting, to technology, to

 

behavioral health to name a few. In the education component of Wiley & Sons, the company

 

provides services for undergraduate and graduate programs, in addition to other education

 

seekers.

 

Existing mission, objectives, and strategies

 

Wiley & Sons, Inc. began its company as a printing and publishing establishment. After

 

nearly two centuries, the organization has expanded the realm of publishing for others into a

 

global brand. The organization now foster publishing for research, education, and professional

 

development tools. The organization distinguishes itself from other organizations due to its

 

stellar customer service, variety of strategies and tools, and plethora of subject matters. Not only

 

does Wiley & Sons, Inc. pride itself on products and services provides to its clients, it also prides

 

itself for being an outstanding employer. According to Wiley & Sons Inc.?s website (2016), the

 

organization is ?an equal opportunity employer, committed to attracting and retaining a talented

 

and diverse workforce that enables us to compete effectively in a global marketplace. We are JOHN WILEY & SONS CASE STUDY 3 further committed to fostering a work environment in which all colleagues are valued and given

 

opportunities to enjoy professional success.? The organization has a focus on quality and

 

commitment to clients and has done so since 1807.

 

New mission statement

 

Wiley & Sons Inc. is an organization that serve a variety of customers (1) within the

 

research, education, and professional arenas. Providing each client with a variety of products and

 

services (2) to researchers providing an online library of resources, the educational arena

 

providing textbooks and other publications and interactive products, as well as, professional

 

development solutions that can be customized to each individual business. Wiley & Sons Inc. is

 

a global organization with locations in North America, South America, Asia, Australia, Europe,

 

and the Middle East. (3). Our organization is a leader innovative and technological (4) services

 

providing all of our services digitally and with technology components. Our organization has

 

grown tremendously (5) since 1807 and continues to seek new territories of growth in new global

 

communities. Our organization has a corporate and social responsibility to adhering to and

 

upholding to ethical and legal standards and protocol with a focus on quality, commitment and

 

enhancement to our clients (6). (7) What distinguishes Wiley apart from other organizations is

 

our dedication and commitment to our clients to provide quality and a variety of products and

 

services with customizable additions.

 

(8) Wiley is dedicated to contribute to the communities in which we live and serve. ?Wiley

 

support of non-profit cultural, educational, health, environmental, social service, and publishingindustry related organizations with Corporate Contributions. We support organizations that have

 

meaning for our colleagues, providing direct grants to organizations and institutions as well as

 

matching colleagues? monetary donations and volunteer service with cash. We encourage and JOHN WILEY & SONS CASE STUDY 4 support our colleagues? voluntarism. We give back to the professional and scholarly communities

 

we serve through our corporate contributions, prizes, scholarships, and participation in industry

 

initiatives.? The Wiley Foundation was also established to recognize excellence in scientific

 

achievement and discovery. (9) Wiley & Sons, Inc. is a premier employer who treats employee

 

with respect and dignity. With a premium health care policy, attractive 401K plan, insurance

 

options (short term/long term disability), life insurance, accidental death, dependent, and travel

 

insurance with employer paid and supplemental options in place. Paid time off, flex-time, tuition

 

reimbursement, adoption assistance, career development and child care and elderly care

 

assistance is why Wiley & Sons, Inc. is a premier employer of choice. John Wiley and Sons? Ratio Analysis

 

Profit Margin. This ratio indicates what percentage of sales are left after a company pays all its

 

expenses. John Wiley and Sons profit margin decreased by 1.27% from 2015 to 2016. This is an

 

indication that its operating costs are a little higher than previous years. This may be due to

 

material costs, taxes, or a numerous other operating costs. 2016 is the first time in the last four

 

years that John Wiley & Sons profit margin has decreased. This could be an anomaly but the

 

company should take a closer look at it operating costs to ensure that they are under control. JOHN WILEY & SONS CASE STUDY 5 Return on Assets. By having a return on assets ratio of 4.92, it shows how efficient John Wiley

 

and Sons are efficient at managing its assets to produce profits. A positive return on assets

 

means a company is making profits from its assets. The 2016 financial report for the company

 

shows that it is not as efficient as it was in past years in using assets to make a profit. However,

 

the ratio is still positive so the company is still in a good financial state.

 

Return on Equity. This ratio measures the profitability of the stockholders? investment. It

 

indicates a company is proficient and is able to create income on investments. While 13.94% is

 

not bad, it is the first time in four years that it has decreased. Investors typically look for

 

companies with growing returns on equity because it shows a company?s profit making ability.

 

Shareholders should be a little concerned because there has been a 10% drop in return of equity

 

from 2008 of 24.21% to 2016 of 13.94%.

 

Receivables Turnover. For 2016, John Wiley and Sons is doing a good job in the average time

 

its take to collect on its accounts receivables. At 10.97, it shows that the company have a decent

 

amount of cash flow coming in because it is collecting their receivables about every 5 weeks.

 

This allows for them to be able to pay off current liabilities and expenses. Also it provides John

 

Wiley and Sons the opportunity to invest because of the steady stream of cash flow.

 

Average Collection Period. Currently it is taking John Wiley and Sons 33.27 days to collect its

 

accounts receivables. This is important to any company because this is how long it takes them to

 

get cash. The company is able to pay its debts on time and frequently because this ratio

 

illustrates that a steady stream of cash flow is coming into the company.

 

Inventory Turnover. John Wiley and Sons inventory ratio is 7.67, which means that the

 

company is selling and replacing its inventory every 48 days. A company wants a high inventory

 

turnover because it means that whatever they are producing or selling, customers are buying it JOHN WILEY & SONS CASE STUDY 6 frequently. Because of this John Wiley and Sons is in a good financial position for its investors

 

and potential investors.

 

Fixed Asset Turnover. This ratio measures how well a company is in generating sales from its

 

investments, such as a building, plant, and equipment. Since John Wiley and Sons fixed asset

 

turnover ratio is higher than its competitors, is in a better financial position than them. This

 

illustrates that the company is operating at capacity, where sales and fixed asset are in balance.

 

Total Asset Turnover. John Wiley and Sons is not using its assets to generate revenue or

 

promote sales. This has resulted in a 0.58 ratio. The low number illustrates that the company?s

 

managers are not efficiently using the company?s assets to generate income. A good indicator for

 

this low ratio is the decline in revenues. With less revenues coming in 2016, John Wiley and

 

Sons were unable to efficiently use the assets they have.

 

Current Ratio. This ration measures a company?s ability to pay its short and long-term

 

obligations. It involves the company?s current assets and current liabilities. Analysts suggests

 

that a ratio of under 1 indicates a company?s current liabilities are greater than its assets. It

 

means that a company would be unable to pay off its liabilities if they came due at the current

 

time. John Wiley and Sons has a current ratio of 0.86. Since John Wiley and Sons is a

 

publishing company, it will have a reasonable amount of short-term debt that will be

 

compensated when the finished products are completed. Since 2014 the company has averaged a

 

0.95 current ratio, which means that John Wiley and Sons are in a good financial position to pay

 

its debts.

 

Quick Ratio. This ratio illustrates a company?s ability to satisfy its short-term liabilities with its

 

liquid assets. The higher the quick ratio, the better the company?s liquidity position. John Wiley JOHN WILEY & SONS CASE STUDY 7 and Sons quick ratio is 0.68. This may be a little concerning but giving that the company publish

 

books, journals, and other works, it is not alarming to find its ratio as being this low.

 

Debt to Total Asset. With a debt to equity ratio of 0.58, John Wiley and Sons is in a solid

 

financial position. Debt to equity ratio measures the capital structure of a business or in other

 

words it is a way to examine how a company uses funding resources to pay for its operations.

 

Most financial experts view a 0.03 or lower debt to equity ratio as a healthy financial state for

 

businesses. Appendix K shows that John Wiley and Sons has decreased their debt to equity ratio

 

by 0.09 over the last three years. The company has less debt which translates to it being less of a

 

financial risk.

 

Time Interest Earned. This ratio shows a company ability to cover future interest expenses

 

with its income. Shareholders or inventors like a high number in this ratio because it lets them

 

know that the company will be able to pay any interest that is due. Because of this reason, John

 

Wiley and Sons is in great financial shape for this ratio. They are able to pay its interest 10 times

 

over.

 

Fixed Charge Coverage Ratio. John Wiley and Sons are in a good financial position when it

 

comes to fixed charge coverage ratio. This ratio shows the number of times a company can

 

cover its fixed charges for a year. A high number such as a 10 means to investors or shareholders

 

that future investments or loans are less risky.

 

Rate Earned on Stockholder?s Equity. This ratio illustrates a company?s ability to generate a

 

return or profit on the shareholder?s equity. John Wiley and Sons has been able to provide its

 

shareholders a decent rate of return in the last few years. This is a result of the company being

 

able to generate profits which allows them to give something back to its shareholders. JOHN WILEY & SONS CASE STUDY 8 Alternative strategies

 

There are many alternative strategies that John Wiley and Sons can choose to continue to

 

be a leader in the publishing industry. An alternative strategy that the company should consider

 

is expansion. A company that chooses this strategy is looking to broadening the scope of its

 

business operations to reach new customers or to offer current customers more options to its

 

products or services. The authors Bang & Joshi (2012) stated ?Extension of a market by

 

reaching out to new market segments leads to an increase in primary demand. When market

 

penetration is sought by converting non-customers into customers, it leads to an increase in the

 

primary demand? (p. 86). Normally, a company that has brand recognition and is a leader in its

 

industry would choose this strategy.

 

Expansion brings many benefits to a company. One important benefit of business

 

expansion is the ability to enter into a market and attract new customers. Expansion also

 

enhances a company ability to retain current customers. Customers wants and desire are

 

changing, when a company can foresee these changes, customers won?t have a desire to change

 

companies. Expansion also brings about economies of scale. A company can achieve lower cost

 

per unit and spread out administrative cost. JOHN WILEY & SONS CASE STUDY 9 When a company expands, it must be aware of some possible disadvantages. One

 

disadvantage is capital requirements. Expansion requires a company to invest money and

 

resources in a new capability which will take away capital from other business operations.

 

Another disadvantage of this strategy is being spread too thin in not only resources but expertise.

 

By entering a new market, the company now must have highly trained people in that market. If

 

there?s only a few experts to manage the new market products or services, expansion could not

 

be successful.

 

Another strategy that John Wiley and Sons could use is cost leadership. This is when a

 

company is the cheapest or provide the best value to customers in the industry. This can be

 

accomplished through economies of scale, using cheaper materials, or becoming more efficient.

 

The authors Ferfeli, Vaxevanou, & Damianos (2009) stated ?In order to gain the advantage, the

 

enterprise tries to achieve reduction of each and every cost that influences its operation? (p. 905).

 

This type of strategy has many advantages. The first advantage that comes to mind is that

 

customers like low-priced quality products or services, so more customers will be attract the

 

company that uses this approach. John Wiley and Sons could take advantage of it strong

 

footprint in the academic environment and use cost leadership to create a competitive advantage.

 

Another benefit of using this strategy is increased process or product efficiencies. How the

 

company get its products to its customer may be improved. This strategy will allow the company

 

to look at it its processes and find out ways to make it better.

 

Similarly, this approach has a few disadvantages. One of the biggest disadvantages is

 

that competitor can copy the strategy and match the low prices. Therefore, there is no

 

competitive advantages. The publishing industry has very little proprietary equipment or

 

knowledge, so once John Wiley and Sons have an efficient way of doing business it can be easily

 

copied. Additionally, by focusing on low prices a company can lose its focus on other things that

 

made it successful such as quality products and customer service. The reason why the company JOHN WILEY & SONS CASE STUDY 10 has lasted this long is because of its quality of products. The company could be tempted to cut

 

corners to reduce cost. The poor quality could turn customer off and find value from another

 

publishing company.

 

Recommended Strategy

 

John Wiley and Sons has been around for over two hundred years, so it will want to be

 

around for many more. Because of this, expansion would be the best strategy for continued

 

success. While the company is in several countries now, getting into more countries would

 

expand their customer base. John Wiley and Sons is known for educational documents,

 

expanding to more countries would increase revenues because those countries would trust the

 

company?s products and services. Expansion does come with costs, but with the experience with

 

expansion in Brazil and Dubai the company can capitalize on lessons learned to keep costs down.

 

Additionally, the company should offer a pay per article or book option for customers.

 

Some customers may not want monthly or annual subscription fees because they don?t use the

 

products often. By offering a pay as you view options, customers will only pay for the times that

 

they want to read something. While there will be some operational adjustments, it should be

 

minimal additional costs to have a pay per view options for customers. This option will create

 

value for customers. If they require consist access to John Wiley and Sons material, the

 

subscription will be the best option. However, if customers only require occasionally access to

 

the company?s material the pay per view of the material can also create value. This captures

 

more of the market, which will help John Wiley and Sons continue to be a leader in its industry. JOHN WILEY & SONS CASE STUDY 11 References

 

Bang, V. V., & Joshi, S. L. (2012). Market expansion strategy ? reasons for and against: what do

 

manager in India think? Journal of Strategic Marketing, 20(2). Retrieved from http://ezprox

 

y.liberty.edu/login?url=http://search.ebscohost.com/login.aspx?direct=true&db=bth&AN=7

 

4550298&site=ehost-live&scope=site

 

Ferfeli, M. V., Vaxevanou, A. Z., & Damianos, S. P. (2009). Evaluation of Cost Leadership

 

Strategy in Shipping Enterprises with Simulation Model. AIP Conference Proceedings,

 

1148(1), 905-908. Retrieved from http://ezproxy.liberty.edu/login?url=http://search.ebsco

 

host.com/login.aspx?direct=true&db=a9h&AN=43887706&site=ehost-live&scope=site JOHN WILEY & SONS CASE STUDY 12 Appendix A JOHN WILEY & SONS CASE STUDY 13 Appendix H

 

John Wiley & Sons? Income Statements 2014 - 2016 Consolidated Statements of

 

Income - USD ($) shares in

 

Revenues

 

Costs and Expenses

 

Cost of sales

 

Operating and administrative

 

expenses

 

Restructuring charges

 

Impairment charges

 

Amortization of intangibles

 

Total Costs and Expenses

 

Operating Income

 

Interest expense

 

Foreign exchange transaction

 

gains (losses)

 

Interest income and other

 

Income Before Taxes

 

Provision for Income Taxes

 

Net Income

 

Earnings Per Share

 

Diluted (in dollars per share)

 

Basic (in dollars per share)

 

Average Shares

 

Diluted (in shares)

 

Basic (in shares)

 

Class A [Member]

 

Cash Dividends Per Share

 

Common stock (in dollars per

 

share)

 

Class B [Member]

 

Cash Dividends Per Share

 

Common stock (in dollars per

 

share) 12 Months Ended

 

Change

 

April 30,

 

from

 

2016

 

2015

 

$ 1,727,037

 

$ (95,403) April 30,

 

2015 April 30,

 

2014 465,917

 

994,632 (33,766)

 

(10,368) 499,683

 

1,005,000 $ 47,245

 

$0

 

(7,196)

 

35,544 28,611

 

0

 

49,764

 

1,538,924

 

188,113

 

(16,707)

 

473 (193)

 

0

 

(1,450)

 

(45,777)

 

(49,626)

 

370

 

(1,269) 28,804

 

0

 

51,214

 

1,584,701

 

237,739

 

(17,077)

 

1,742 (13,918)

 

(4,786)

 

6,535

 

16,179

 

31,066

 

(3,161)

 

1,750 42,722

 

4,786

 

44,679

 

1,568,522

 

206,673

 

(13,916)

 

(8) 2,914

 

174,793

 

29,011

 

$ 145,782 (143)

 

(50,668)

 

(19,582)

 

$(31,086) 3,057

 

225,461

 

48,593

 

$ 176,868 272

 

29,927

 

13,569

 

16,358 2,785

 

195,534

 

35,024

 

$ 160,510 $ 2.48

 

$ 2.51 $ (0.49)

 

$ (0.50) $ 2.97

 

$ 3.01 0

 

0 $ 2.70

 

$ 2.73 58,734

 

57,998 (860)

 

(735) 59,594

 

58,733 80

 

98 59,514

 

58,635 $ 1.20 $ 0.04 $ 1.16 $ 0.16 $ 1.00 $ 1.20 $ 0.04 $ 1.16 $ 0.16 $ 1.00 Appendix I

 

John Wiley & Sons? Cash Flow Statements 2014 - 2016 $ 1,822,440 Change

 

from 2014 $ 1,775,195

 

506,879

 

969,456 JOHN WILEY & SONS CASE STUDY Consolidated Statements of

 

Cash Flows - USD ($) $ in Thousands

 

Operating Activities

 

Net Income

 

Adjustments to reconcile net income to

 

net cash provided by operating activities

 

Amortization of intangibles

 

Amortization of composition costs

 

Depreciation of technology, property and

 

equipment

 

Restructuring and impairment charges

 

Deferred tax benefits on U.K. rate changes

 

Share-based compensation

 

(Excess) shortfalls in tax benefits from

 

share-based compensation

 

Employee retirement plan expense

 

Royalty advances

 

Earned royalty advances

 

Other non-cash credits, net

 

Income tax deposits

 

Changes in Operating Assets and

 

Liabilities Source (Use), excluding

 

acquisitions

 

Accounts receivable

 

Inventories

 

Accounts and royalties payable

 

Deferred revenue

 

Income taxes payable

 

Restructuring payments

 

Other accrued liabilities

 

Employee retirement plan contributions

 

Other

 

Cash Provided by Operating Activities

 

Investing Activities

 

Composition spending

 

Additions to technology, property and

 

equipment

 

Acquisitions, net of cash acquired

 

Proceeds from sale of consumer publishing

 

programs

 

Cash Used for Investing Activities

 

Financing Activities

 

Repayment of long-term debt 14 12 Months Ended

 

Change

 

April 30,

 

from

 

2016

 

2015 April 30,

 

2015 Change

 

from 2014 April 30,

 

2014 $ 145,782 $ (31,086) $ 176,868 $ 16,358 $ 160,510 49,764

 

39,658

 

66,427 (1,450)

 

(981)

 

4,355 51,214

 

40,639

 

62,072 6,535

 

(4,458)

 

3,751 44,679

 

45,097

 

58,321 28,611

 

(5,859)

 

16,105

 

(1,027) (193)

 

(5,859)

 

2,488

 

2,164 28,804

 

0

 

13,617

 

(3,191) (18,704)

 

10,634

 

766

 

(4,657) 47,508

 

(10,634)

 

12,851

 

1,466 14,323

 

(110,135)

 

109,102

 

1,463

 

(1,151) (8,276)

 

(5,259)

 

(952)

 

9,509

 

4,129 22,599

 

(104,876)

 

110,054

 

(8,046)

 

(5,280) (7,855)

 

2,763

 

2,525

 

(4,420)

 

6,688 30,454

 

(107,639)

 

107,529

 

(3,626)

 

(11,968) (14,456)

 

3,571

 

3,997

 

66,983

 

(7,091)

 

(29,864)

 

14,968

 

(34,214)

 

(7,000)

 

349,957 (18,944)

 

(6,125)

 

(27,308)

 

63,070

 

(15,421)

 

2,477

 

25,869

 

(5,711)

 

8,339

 

(5,165) 4,488

 

9,696

 

31,305

 

3,913

 

8,330

 

(32,341)

 

(10,901)

 

(28,503)

 

(15,339)

 

355,122 (14,070)

 

(1,450)

 

24,008

 

4,663

 

22,461

 

(4,065)

 

(41,482)

 

5,386

 

1,521

 

6,898 18,558

 

11,146

 

7,297

 

(750)

 

(14,131)

 

(28,276)

 

30,581

 

(33,889)

 

(16,860)

 

348,224 (37,272)

 

(93,705) 2,149

 

(24,584) (39,421)

 

(69,121) 1,147

 

(11,557) (40,568)

 

(57,564) (20,418)

 

0 151,811

 

(1,100) (172,229)

 

1,100 (117,714)

 

(2,200) (54,515)

 

3,300 (151,395) 128,276 (279,671) (130,324) (149,347) (460,085) 251,569 (711,654) (53,430) (658,224) JOHN WILEY & SONS CASE STUDY

 

Repayment of short-term debt

 

Borrowings of long-term debt

 

Borrowing of short-term debt

 

Purchase of treasury stock

 

Change in book overdrafts

 

Cash dividends

 

Debt financing costs

 

Net (payments)/proceeds from exercise of

 

stock options and other

 

Excess (shortfalls) in tax benefits from

 

share-based compensation

 

Cash Used for Financing Activities

 

Effects of Exchange Rate Changes on Cash

 

Cash and Cash Equivalents

 

(Decrease) Increase for year

 

Balance at beginning of year

 

Balance at end of year

 

Cash Paid During the Year for

 

Interest

 

Income taxes, net 15 (150,000)

 

415,000

 

50,000

 

(69,977)

 

1,725

 

(69,896)

 

(3,362)

 

(95) (150,000)

 

(244,369)

 

(50,000)

 

(7,996)

 

8,436

 

(1,398)

 

(3,362)

 

(25,421) 0

 

659,369

 

100,000

 

(61,981)

 

(6,711)

 

(68,498)

 

0

 

25,326 0

 

(25,955)

 

100,000

 

1,412

 

5,643

 

(9,545)

 

0

 

(30,206) 0

 

685,324

 

0

 

(63,393)

 

(12,354)

 

(58,953)

 

0

 

55,532 1,027 (2,164) 3,191 4,657 (1,466) (285,663)

 

(6,534) (224,705)

 

36,895 (60,958)

 

(43,429) (7,424)

 

(50,323) (53,534)

 

6,894 (93,635)

 

457,441

 

363,806 (64,699)

 

(28,936)

 

(93,635) (28,936)

 

486,377

 

457,441 (181,173)

 

152,237

 

(28,936) 152,237

 

334,140

 

486,377 15,050

 

$ 38,579 175

 

$ (7,067) 14,875

 

$ 45,646 2,364

 

$ (18,169) 12,511

 

$ 63,815 JOHN WILEY & SONS CASE STUDY 16 Appendix J

 

John Wiley & Sons? Balance Sheets 2014 - 2016 Consolidated Statements of Financial

 

Position ? USD ($) $ in Thousands

 

Current Assets

 

Cash and cash equivalents

 

Accounts receivable

 

Inventories

 

Prepaid and other

 

Total Current Assets

 

Product Development Assets

 

Technology, Property & Equipment

 

Intangible Assets

 

Goodwill

 

Income Tax Deposits

 

Other Assets

 

Total Assets

 

Current Liabilities

 

Short-term debt

 

Accounts and royalties payable

 

Deferred revenue

 

Accrued employment costs

 

Accrued income taxes

 

Accrued pension liability

 

Other accrued liabilities

 

Total Current Liabilities

 

Long-Term Debt

 

Accrued Pension Liability

 

Deferred Income Tax Liabilities

 

Other Long-Term Liabilities

 

Shareholders' Equity

 

Preferred Stock, $1 par value: Authorized

 

- 2 million, Issued - zero

 

Additional paid-in-capital

 

Retained earnings

 

Accumulated other comprehensive

 

(loss):

 

Foreign currency translation adjustment

 

Unamortized retirement costs, net of tax

 

Unrealized loss on interest rate swap, net

 

of tax April 30,

 

2016 Change from

 

2015 April 30,

 

2015 Change

 

from 2014 April 30,

 

2014 $ 363,806

 

167,638

 

57,779

 

81,456

 

670,679

 

72,126

 

214,770

 

877,007

 

951,663

 

62,912

 

71,939

 

2,921,096 $ (93,635)

 

20,455

 

(6,000)

 

8,940

 

(70,240)

 

2,537

 

21,760

 

(40,614)

 

(10,704)

 

5,814

 

8,300

 

(83,147) $ 457,441

 

147,183

 

63,779

 

72,516

 

740,919

 

69,589

 

193,010

 

917,621

 

962,367

 

57,098

 

63,639

 

3,004,243 $ (28,936)

 

(2,550)

 

(11,716)

 

(5,541)

 

(48,743)

 

(13,351)

 

4,292

 

(67,040)

 

58,702

 

(6,939)

 

(43)

 

(73,122) $ 486,377

 

149,733

 

75,495

 

78,057

 

789,662

 

82,940

 

188,718

 

984,661

 

903,665

 

64,037

 

63,682

 

3,077,365 0

 

166,222

 

426,489

 

97,902

 

9,450

 

5,492

 

76,252

 

781,807

 

605,007

 

224,170

 

189,868

 

83,138 (100,000)

 

4,757

 

54,438

 

3,980

 

(34)

 

898

 

14,085

 

(21,876)

 

(45,083)

 

14,443

 

(9,079)

 

(3,618) 100,000

 

161,465

 

372,051

 

93,922

 

9,484

 

4,594

 

62,167

 

803,683

 

650,090

 

209,727

 

198,947

 

86,756 100,000

 

18,931

 

(13,603)

 

(24,581)

 

(3,840)

 

(77)

 

(2,734)

 

74,096

 

(50,010)

 

45,093

 

(23,535)

 

8,442 0

 

142,534

 

385,654

 

118,503

 

13,324

 

4,671

 

64,901

 

729,5...

 


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[solution] » Net Present Value analysis of proposed strategy?s new cash flow and EPS/EBIT analysis NOTE: To const.zip

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