11. Mineral deposits will razrobatyvat for 8 years, it is expected that revenues from the exploitation of the deposit amount to an average of 300 mln. Rubles. in year. Determine the present value of the expected income using a complex interest rate of 20% per annum and in the proposal that the shipping and sale of products will be continuously and uniformly.

12. The Company paid in the preceding year 15 thousand. Rub. per share. It is projected that dividends will grow at 6% annually for 10 years. Make a conclusion about whether to buy shares of the company at a price of 140 thousand. Rub., If you can put money on deposit at 18% per annum.

13. The fixed costs of the company are 12 million. rub., the selling price per unit of output -16 thousand. rub., One unit variable costs of production -10. Calculate:
1) the critical sales volume in natural units which can;
2) The volume of sales needed to achieve profit of 3 mln. Rubles.
How to change the value of these parameters, if:
1) fixed costs increase by 15%;
2) selling price will increase by 2 thousand. Rub .;
3) The variable costs will increase by 10%;
4) The change in the specified proportions all three factors?

14. Company X had on June 1, the balance of funds to the bank account in the amount of 10,000 rubles. The company manufactures products with the following specific indicators:
- The cost of raw materials - 20 rub .;
- Wages - 10 rub .;
-Direct overhead - 10 rubles.
It is known that the volume of production and sales in physical units were as follows:
Jun Jul Aug. St. October, November, December
Production 100 150 200 200 300 350 400
For Sale 75 100 150 150 200 350 400
Requires create cash flow projections until the end of 2001. If there is the following information:
1) Exercise price - 80 rubles .;
2) All direct costs to be paid in the same month, when they took place;
3) Sale of products made on credit, loan period is 1 month;
4) In July, the company purchased a new machine for 20,000 rubles., The payment for the machine - in October;
5) fixed overhead costs to be paid on a monthly basis in the amount of 1900 rubles.

15. Experts Company X made a summary of the cost in the case of the sources of funding for new projects (%)
The range of values \u200b\u200bof
Source, ths. Rub. Borrowed
Capital Priveligiro-
Bathrooms Ordinary shares
shares
0-250 15 July 20
250-500 15 May 22
500-750 17 August 23
750-1000 September 18 24
Over 1000 December 18 26
The target capital structure is as follows:
-privilegirovannye shares - 15%;
- Ordinary share capital - 50%;
- Borrowed capital - 35%.
Requires calculate the value of WACC for each interval funding source.