Compuvac Company has just completed its first pass forecast using the projected balance sheet method. need a total of 13,050,00 The firm has determined that it needs $4 million in new debt which can be sold at par with a 10% annual coupon. Additionally, the firm will sell 500,000 shares of new common equity at $18.10 per share. Next year's expected dividend is $0.24 per share. 40% tax rate. Given this information, what is the incremental change in AFN for Compuvac going from the first pass to the second pass?

Incremental change in AFB would be $ 480,000

Explanation:

(a) Debt = $ 4,000,000

Interest on debt = 10%  

Therefore, Interest outgo on debt = 10% of Debt

=10% of $4,000,000

=$ 400,000

(b) Dividend payable = $0.48 per share(given)

No of shares = 500,000 (given)

Therefore, Outgo on account of dividend = $ 0.48 /share * no of shares

=$0.48 * 500,000

=$240,000

(c) Given, that tax in second would be $160,000 lesser. i.e., outgo would actually be lesser to that extent

Therefore, incremental AFN = (a)+(b)-(c) = $ 400,000 + $ 240,000 - $160,000 = $480,000

Incremental change in AFB would be $480,000

multiculturalism is a particular subject of debate in certain european nations that are associated with the idea of a single nation within their country. critics of multiculturalism may argue against cultural integration of different ethnic and cultural groups to the existing laws and values of the country.

so yes, multiculturalism can (and usually does) result in the host country/continent losing its culture, identity and linguistics, especially due to the raw numbers of demographic transitions.

explanation:

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