Bill jones has just won the state lottery and has the following three payout options for after -tax prize money:
1. $170, 000 per year at the end of each of the next six years
2. $300, 000 (lump sum) now
3. $502, 000 (lump sum) six years from now
the annual discount rate is 9%. compute the present value of the first option. (round your answer to the nearest whole dollar.)
present value of an ordinary annuity of $1:
8%
9%
10%
1
0.926
0.917
0.909
2
1.783
1.759
1.736
3
2.577
2.531
2.487
4
3.312
3.240
3.170
5
3.993
3.890
3.791
6
4.623
4.486
4.355
7
5.206
5.033
4.868
present value of $1:
8%
9%
10%
1
0.926
0.917
0.909
2
0.857
0.842
0.826
3
0.794
0.772
0.751
4
0.735
0.708
0.683
5
0.681
0.650
0.621
6
0.630
0.596
0.564
7
0.583
0.547
0.513
a. $451, 850
b. $850, 000
c. $470, 000
d. $762, 620

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Insurance companies have internal controls in place to protect assets, monitor the accuracy of accounting records and encourage operational efficiencies and adherence to policies. these internal controls are generally of two types: administrative controls and accounting controls. administrative controls are the policies and procedures that guide the daily actions of employees. accounting controls are the policies and procedures that delineate authorizations of financial transactions that are done, safeguard assets, and provide reports on the company’s financial status in a reliable and timely manner. internal controls should include both preventative and detective controls. the purpose of preventative controls is to stop problems and errors before they occur. detective controls identify problems after they have occurred. preventative controls are usually more effective at reducing problems, but they also tend to be more expensive. internal controls must be flexible to adjust for changes in laws and regulations in addition to adding new products or modifying current ones. companies must also do regular analyses to ensure that the benefits of implementing the controls are worth their costs. when concerned about paying unwarranted insurance claims which type of control would be useful?

What is the equity method balance in the investment in lindman account at the end of 2018?