Order Harvard Referencing System Assignment

Order Harvard Referencing System Assignment
Description
Plagiarism:
When submitting work for assessment, students should be aware of the InterActive/Canvas guidance and regulations in concerning plagiarism. All submissions should be your own, original work.
You must submit an electronic copy of your work. Your submission will be electronically checked.
Learner declaration
I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.
Student signature: Date:
Harvard Referencing:
The Harvard Referencing System must be used. The Wikipedia, UKEssays.com or similar websites must not be used or referenced in your work.
Introduction
This is an individual task and all components are mandatory to be attempted.
Students are required to focus on explaining the concepts and analyzing the results. Number calculations are considered as contributing factor for analysis. Therefore, you can imagine around 30% weightage given to calculations and remaining 70% to your explanations and analysis wherever appropriate.
The reference list is appended in the course outline; however, the list is not exhaustive, and you will need to complete further research using ProQuest to complete individual tasks.
The individual performance and grading are according to BSBI’s grading criteria where additional marks will be awarded for juxtaposition of your answers.
Learning Outcomes:
1. Analyze capital structure for corporation and suggest changes in the capital structure by contemplating various aspects related to sources of finance like risk, return, and associated costs.
2. Employ risk and return theories to estimate the expected return for chosen asset classes and making sensible business investing decisions.
3. Evaluate companies’ payouts and possible motivations of such payouts to make an informed investment decision by ruling out any movement in stock prices due to these payouts.
4. Value companies’ bonds and shares and employ these learnings to calculate company’s weighted average cost of capital to use these fundamentals in company’s valuations.
5. Derive feasibility of an investment company by using various investment appraisal techniques.
Assessment Criteria: Weighting 100%
Written Report: 2,500 words
Tasks:
(Please note that theory, explanation, analysis will contribute 70% weightage where appropriate and number calculations will only be allocated 30% for each given task)
Task 1: 20 Marks (LO3)
Review financial statements of Ford Inc. and state stakeholders of Ford. State the measures Ford is taking to ensure adequate Corporate Governance and the institutional arrangement for addressing Principal Agent Problem. Also, suggest impact of payout policies on Agency theory (Guidelines: Review Ford’s type of business organisation, various stakeholders, who manages and who are the owners, the ways managers ensure adequate reporting to owners).
Task 2 (30 Marks) (LO2)
You need to have an accumulated savings of $2 million by the time that you retire in 20 years. You currently have savings of $1million (5 Marks)
Choose a security from finance.yahoo.com that helps meeting your investment objective (10 Marks).
Following above, list 5 securities that you have considered/ researched that you have researched for answering part b (5 Marks).
Could you suggest a two-asset portfolio that helps meeting your objective but minimizing risk (10 Marks)?
Task 3 (50 Marks):
Ford Inc. is a US listed company. Refer to the most recent audited Balance Sheet and Income Statement of the company
Being the finance manager, you are required to prepare a cash flow forecast for using the Discounted Cash Flow (DCF) approach and come up with a meaningful estimate of its share price.
In addition to the financial statement data, the following is the relevant information is also available about the business:
· Forecast period: 5 years
· Revenue growth from next year onwards: 10%
· Expenses/Sales ratios for forecast period to be same as average expense/sales ratio for last three years
· Tax rate to be computed as %EBT of last year and is to be continued for forecast period
· Forecast change in working capital to be same as difference of working capital for last two years
· Forecast depreciation to be same as last year’s depreciation
· No additional capital expenditure to be made during the forecast period
· Weights of debt and equity to remain same as those of last year
· Beta of the stock to be computed using the share price and Nifty index data for last three years also provided in the excel document. Necessary adjustments to be made in the beta computation.
· Risk-free rate, Rf: 6%, Market Return, Rm: 8%
· No of Shares outstanding: 1,126,490,211
· Terminal growth rate: 4%
Compute the following (10 marks each):
i. Beta of the Ford stock (LO2, 4)
ii. Weighted average cost of capital of the company (LO1, 4)
iii. Terminal value of the projection period (LO5)
iv. Enterprise value of the firm (LO1, 5)
v. Implied share price as per your calculations (LO1, 5)
All information necessary to estimate Ford’ WACC can be found in the annual reports. Make sure you clearly describe and reference the source, including page numbers, of the information used in your calculations. If you would like to use an additional approach that requires external information, you should provide details of these additional sources and your reasons for using them.
In addition to your numerical work, you should provide an explanation of your methodology and justify your choice of inputs in the WACC formula.
Remember to show all your calculations in detail.
Note: this question is not just testing your ability to derive a WACC; it is also looking at your understanding of which financial information is relevant for the calculations and how to deploy it. Not all information provided in the assessment resources folder is needed to answer this question.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more
Open chat
1
You can contact our live agent via WhatsApp! Via + 1 3234125597

Feel free to ask questions, clarifications, or discounts available when placing an order.

Order your essay today and save 30% with the discount code GIFT