BB Technology raised $85 million in new debt and used this to buy back stock. After the recap, BB’s stock price is $8.50. If BB had 90 million shares of stock before the recap, how many shares does it have after the recap? Enter your answer in millions. For example, an answer of $10 million should be entered as 10, not 10,000,000. Round your answer to the nearest whole number. Do not include $ or % in your answer.
Read DetailsVoltaire Products had $2.4 million in sales revenues in the most recent year and expects sales growth to be 25% this year. Voltaire would like to determine the effect of various current assets policies on its financial performance. Voltaire has $1 million of fixed assets and intends to keep its debt ratio at its historical level of 35%. Voltaire’s debt interest rate is currently 8%. With a restricted current asset policy, where current assets are 45% of projected sales, what is the expected return on equity (ROE)? Earnings before interest and taxes are expected to be 12% of sales. Tax rate is 25%. Do not round intermediate calculations. Round your answers to two decimal places. Do not enter $ or % in your answer.
Read DetailsThe optical flow constraint equation, Ixu + Iyv + It=0, is under-constrained. It has 2P unknowns and P equations in an image with P pixels. Which of the following best describes the solution to this problem by Lucas and Kanade (1981)?
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