Finance project Assignment Example | Topics and Well Written Essays - 1000 words

Finance project - Assignment Example An analysis of the financial forecasts presented gives an insight into the financial requirements of the project. Suitable methods of project evaluation such as Net Present Value method, Internal rate of Return and Profitability Index approaches can be used to evaluate this project. Decision making by the Board of Directors can be based on one, two or all of the above methods. Determination of the cost of capital is significant as this will give the discounting rate to be used to discount the cash flows expected from the project. A rate of 8 percent is determined using the dividend growth rate model. This rate is adjusted to incorporate the risk factor present in the business. The risk adjusted discounting rate is therefore 11 percent. Depreciation is calculated using the MACRS approach of General Depreciation System. The rates are as prescribed in Table A-1 (US Treasury 946). A depreciation tax shield is calculated based on the depreciation values and this is added back as a benefit. The NPV approach gives a Net Present Value of $ 20,893,000. Therefore, the project should be implemented as it promises a positive NPV. Financially, the project is viable. If the funds obtained were non-interest bearing, the project would be financially viable under this approach. Under the Internal Rate of Return method, the PV of all future incomes are compared against the Initial investment and the discounting rate which equates the two represents the IRR. It is that discounting rate which yield a zero NPV. From the financial data obtained, the rate is determined as 11.48%. This is above the investors’ required rate of 8% and the risk adjusted rate of 11%. The project therefore will generate a higher return and should therefore be implemented. Using the Profitability index approach, the PI of the project is more than 1 and therefore viable. It yields a PI of 1.16. The project should therefore be implemented on this

Demonic Possession and demons Research Paper Example | Topics and Well Written Essays - 1500 words

Demonic Possession and demons - Research Paper Example Definition and Characteristics of Demons and Demonic Possessions The term â€Å"demonic possession† belongs only to one of the two supposed major types of possession states, the other one being those â€Å"occurring within the context of religious experiences† (Ferracuti et al. 525-526). In fact, a possession trance is defined as â€Å"the presence of a single or episodic altered state of consciousness, in which a person’s customary identity is replaced by a new identity attributed to the influence of a spirit or deity† (525). This means that possession is just as simple as a spirit taking over the physical body and directing it. Nevertheless, there may be two major types of possession depending on nature – the pathologic type, which are known as demonic possessions and the ones often depicted in movies as the devil inhabiting bodies of people; and the religious type, which are particularly found in â€Å"ritual ceremonies† (526) and are norm ally characterized as having â€Å"a valid individual and social function† (526). Demonic possessions, due to the fact that they are necessarily pathologic, and physically and mentally damaging, are therefore a more urgent subject for discussion compared to the religious type. These possessions usually last from five minutes to two hours. (527) The possessing agent, or the evil spirit, that is believed to inhabit the physical body of the possessed victim would usually have a number of characteristics. First, they are usually identified as male and are therefore relatively more sexual, aggressive, intense and agitated (527), thus causing these manifestations of behavior in the victim. The agent is also of a different moral character from the possessed (527). In most cases, the possessing agent is believed to cause the victim to vomit, cough and spit and at the same time roar, growl and bark (527). This is perhaps one of the most remarkable characteristics of one possessed by a n evil spirit. The victim also displays â€Å"facial expressions of anger and hate† (527) and would angrily or sarcastically curse God (527). Moreover, the agent is also lucid and clear about its identity and intention as it often states its identity, curses God and expresses â€Å"disgust for the body it had possessed† (527). Lastly, there is usually a rolling of the eyes and a deepening of the voice in the victim (527). Nevertheless, most demonic possessions would usually begin with â€Å"unexplainable nausea and vomiting† and â€Å"constant difficulty in praying† (527). Nevertheless, demonic possession does not happen to everyone but to a chosen select few. What qualities then characterize these people who end up being possessed? One of these qualities is a previous diagnosis and treatment of a psychological disorder or schizophrenia (529). These people are also very much engrossed in paranormal experiences, have complex personalities, and have an impa ired sense of reality (525). Nevertheless, most of these people are believed to have two distinct characteristics from those not possessed: they have â€Å"recurrent depression episodes† and they â€Å"used to belong to ritualistic satanic groups† (528). As these people are possessed, it then follows that the best and most immediate solution is to seek a solution. The solution is usually exorcism or casting out of the demon, as described in the Catholic document Ritual