The last true story Ill ever tell

Presentation Most individuals in American culture just as the world everywhere see American fighters as the most exceedingly terrible sort of individuals on the planet. What they don't comprehend is the way that most, if not all, of these fastens battle to benefit their nation. Besides, their seniors as a rule settle on such choices. Normally, social lives in social orders appear to disconnect officers from the remainder of the world and community.Advertising We will compose a custom article test on The last evident story I’ll ever tell explicitly for you for just $16.05 $11/page Learn More Their combination in the public arena has been troublesome with a few, similar to Crawford, thinking that its much progressively troublesome while attempting to identify with different individuals from the general public. â€Å"The last evident story I’ll ever tell† is a story concerning a man who is drafted into a crew of troopers during a time of his special first night and afterward he is sent to lanes of Baghdad during the America-Iraqi war. Crawford expounds on the time he went through with his better half through intense and attempting minutes. What's more, he contends in his book that, toward the finish of a soldier’s story, things don't extinguish to an ordinary state when he returns from Iraqi war. Crawford lost his life partner and couldn't get a steady line of work for a significant long time after the Iraqi war. He became accustomed to dozing over, in his friends’ houses while searching for occupations in various regions. The sort of life he encountered in Iraq and after was so crushing the he never wanted for a rehash. This book is a genuine check to the individuals who accept that individuals come back from Iraqi war unaltered and looked down on by society for serving in a war that a few officers didn't have a state on whether to go or not. This investigation will attempt to investigate Crawford’s book concerning social qualities in American culture. Conversation â€Å"The last obvious story I’ll ever tell† In John Crawford’s book, The Last True Story I will Ever Tell, the author Crawford is drafted from the United States National Guard to work in the Army abroad in the Iraq ruler. The book is drafted as a lot of short stories that establish some of Crawford’s encounters in Iraq. This book gives a reasonable structure for describing an involvement in little rationale. It is notable that writer will in general take a worldwide perspective on circumstances. This book starts with an anecdote about the attack where Crawford’s area was gotten with a couple of different areas in a residue storm. For example, circumstances happened where they needed to work around evening time with no visibility.Advertising Looking for article on american writing? How about we check whether we can support you! Get your first paper with 15% OFF Learn More Such encounters were of extraord inary worry to Crawford’s unit. Also, there are times when they couldn't recognize Iraqi tanks. This was very baffling to him, given the result of such forfeits. As per him, as showed in the novel, United States troop were masculine in Iraq to watch Bagdad and not blameless regular citizens. He proceeds to give a circumstance where in they invested a large portion of their energy securing Iraqi service stations. Crawford proceeds to portray Iraq as a wrecked State given the way that it is an underdeveloped nation, which is at war with itself. Also, in his depiction of the city, he takes note of that it is loaded up with desert sand as wells sand because of deforestation and dry spell. Crawford’s portrayal of Iraq uncovers the dreamlike nonsensical of the Bush government guarantees that Iraq was a genuine threat to the United States. Crawford’s sections are grasping, causing the peruser to build up certain affections for his accomplished information in Iraq. The creator depicts their emotions as sentries in Iraq, it comes out unmistakably that they are depleted and exhausted, among different issues. As National Guardsmen, they are perceived as inferior warriors. This is essentially in light of the fact that they got a lesser preparing when contrasted with different soldiers relegated in Iraq. They were moved inside various military groupings, making their Iraq flight time plunge gently. As per Crawford, the foe couldn't be effectively distinguishes as activists (as was generally found in the press) but instead as regular folks since they blended in with them and once in a while utilizing some s human shield. Crawford expounds on the resentment that was coordinated to them. The creator likewise sees oneself as ignored with her companions. Their time in Iraq makes them to be progressively edgy and hurtful in the general public despite the fact that they are exceptionally respected in the general public. It is very critical to take note of tha t any of the soldiers that progression outside the United States face a few dangers. These range from broken fellowships and union with overwhelming losses that may incorporate passings, among others, for example, physical wounds. This has extraordinarily changed peoples’ lives. The creator proceeds to uncover that his marriage additionally is by all accounts broken, and binds to reassure himself with brew from the Iraqis. This gives the book the image of a gathering of republished stories in light of the fact that the subtleties are just excessively excruciating. In the book, a few pieces of the story are unknown.Advertising We will compose a custom article test on The last evident story I’ll ever tell explicitly for you for just $16.05 $11/page Learn More In this unique circumstance, his better half supposedly moves from his life, making life progressively hard for Crawford. His significant any expectations of seeing a Penelope to be inviting Muslims gives a sign tha t the two principle clubs. Be that as it may, the peruser never discovers what occurred. At long last, it is very noteworthy to take note of that United States binds make inconceivable penances to spare their nation. Social Analysis This book patron enlivens the dread and demolition of a combat area. The destitution, ailment, and wrongdoing are evident and agonizing to watch. Any discernment that the US military has adjusted their perspective and spared Iraq will require to be reconsidered once general society gets the genuine realities of what's going on and that individuals are enduring now like never before previously. A portion of the games that protect these individuals are cards and computer games, among others. The United States patriotism adheres to a point of view on general feeling by making dread through the different media houses. They accomplish its genuine objectives with little trouble for the popularity based procedure. The United States will maybe leave with less lo sses than they had in the Vietnam War, yet no less household impact and harm to its universal standing. The United States is looking inside quite a while a noteworthy thrashing in Iraq. This thrashing seems set to revamp the Middle East for the forthcoming age. Center Eastern governments that depended on the United States as an underwriter of their steadiness and proceeded with presence will be compelled to re-think about their positions and arrangements. This thrashing to US interests will emerge in light of the fact that the Bush government has guaranteed a lot greater and industrious solidarity to the numerous Islamic gatherings. The Islamic gathering view itself as the premier piece of the military of a worldwide battle against the domains of shrewdness made in a degenerate American realm. This perspective while contradicting United States does as such from the situation of Islamic authority damaged, of blessed areas penetrated and attacked by heathens. End After perusing John C rawford’s book, â€Å"The Last True Story I’ll Ever Tell†, I have come to understand that my considerations and convictions about the officers in Iraq were totally different to the truth of what occurs during war and the aftermath.Advertising Searching for paper on american writing? How about we check whether we can support you! Get your first paper with 15% OFF Find out More Social life in the general public appears to disengage fighters from the remainder of the world. Their incorporation in the public eye has been troublesome with a few, similar to Crawford thinking that its much progressively troublesome while attempting to identify with different individuals from the general public. I used to feel that troopers going into the war intentionally or due to the draft had the warriors thinking, this is an intense activity, however you need to do it for your nation. Fighters must experience unforgiving conditions and threatening circumstances with the contemplations in the rear of their heads believing that all they need is simply to return home and offer with their families. The conditions depicted in this book have demonstrated that as hard all things considered to be in Iraq, the outcome for warriors can be possibly more awful. The book recounts to the accounts of certain things that somebody may picture the United States Army doing, the great, and the terrible. It gives you a greater amount of an inside glance at what the normal U.S. fighter feels like during the war, even up to the moment that he gets released. This paper on The last obvious story I’ll ever tell was composed and put together by client Harmony W. to help you with your own investigations. You are allowed to utilize it for exploration and reference purposes so as to compose your own paper; be that as it may, you should refer to it as needs be. You can give your paper here.

China History assignment Essay Example | Topics and Well Written Essays - 500 words

China History task - Essay Example The medieval arrangement of the Zhou was around 1045BC and appeared subsequent to crushing the Shang. Their financial exercises were described by an all around characterized framework where honorable men possessed the terrains while the worker families were liable for tiling. This stage had advantages of improving the business since it was marketed. Be that as it may, it prompted class distinction where a class of riches traders rose. The open arrangement of the Warring States endured between 475â€221 BCE and was described by innovative headway which profited the individuals by delivering enormous scope monetary items. In any case, this period was portrayed by quick changes which profited just a class of individuals while the laborers at the ground kept on getting less fortunate. The other stage was the centralist arrangement of the Qin which kept going between 221â€206 BCE. This period saw quick extension of the Qin tradition up to Vietnam in the south and Mongolia in the north. This period prides in setting up a normalized type of weight estimation, composing and length estimation. Be that as it may, this period was likewise described by uprisings from the individuals after the passing of their ruler which was the purpose behind the decay of Qin (Fong, 1995).

What human issues form the subjects of the work Did you find any of them particularly well handled Essay Example

What human issues structure the subjects of the work? Did you discover any of them especially all around took care of? Exposition The Sporting Spirit typifies senses, pride, appearances, patriotism, imagery, social personality, and human affinities as center issues that incite the gravity of the article; â€Å"savage† impulses coagulate with patriotism and appearances to cultivate one’s pride, representing the proudness of being named by one’s nation †American, British, Russian, or something else. Pride encourages eagerness, which disinters the requirement for war †either truly or allegorically. Orwell passes on representative war in his article, The Sporting Spirit, portraying sports as a methods for a fight between observers, between two countries. It is where you either lose or win; there is no other option. â€Å"Sport is honestly emulate warfare,† George Orwell says. Orwell addresses numerous human issues as subjects, yet centers around contrasts of networks, observers, and countries to explain his feeling, adding to his credibility. In section seven, Orwell separates among urban and rural networks, and how they see sports. Sports give idealism to individuals in urban social orders †enormous towns †as an approach to meander from their stationary life. The phrasing of â€Å"sedentary† creates this atmosphere of inertness, which differentiates the topic of â€Å"savage† observers †onlookers who are vigorous to win through fierce ways. Orwell even depicts the individuals who accept games unite countries as a cutting edge religion. This critical utilization of â€Å"cult† †a gathering or an arrangement of strict conviction †depicts the dull funniness Orwell uses to unobtrusively taunt those perspectives. We will compose a custom paper test on What human issues structure the subjects of the work? Did you discover any of them especially very much took care of? explicitly for you for just $16.38 $13.9/page Request now We will compose a custom paper test on What human issues structure the subjects of the work? Did you discover any of them especially very much took care of? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer We will compose a custom paper test on What human issues structure the subjects of the work? Did you discover any of them especially very much took care of? explicitly for you FOR ONLY $16.38 $13.9/page Recruit Writer The essay’s tone is pedantic, definitive, and the peruser is allured by Orwell’s arrangement as he advances from the typical perspectives, to explicit legitimate perspectives and occasions that elucidate the honesty of his view; the peruser is to embrace Orwell’s sees †the obstinate author. Orwell addresses human issues of separation in the initial two sections. He uncovers what numerous â€Å"thinking† individuals have saved furtive for such a long time †that game varieties malevolence. Game animosity is a typical wonder these days; Orwell arranges groups as â€Å"Dynamo,† â€Å"Russian,† or â€Å"British,† making the peruser intentional the names observers use so as to relate to their group. The style of Orwell †â€Å"†¦ I am told by someone,† and â€Å"†¦ another person educates me† †mean how his supposition isn't bound to only him, yet rather that others share it also. Social distinguishi ng proof is one of the key human issues passed on in the article. Orwell says that sports make new enmity on the two sides. The word usage of â€Å"animosity† depicts the loathe of observers to each other as intense aversion reared from the ethics and contrasts of each other. This is one of the human issues Orwell can pass on grandly. The proclamation that sports make positive attitude between the countries is an incredible misnomer since it is sport that represents the serious idea of people and their requirement for characterization. People look for pride, and they love force and mastery. That is the reason sport is war †it is about the misfortune, just as the increase. (What one gains, the different loses.) Spectators can infer contrasts of races, nations, or political inclinations as a gathering, and either boo the ref, or sing hostile tunes that corrupt the other group just as their onlookers to show their decisions. Orwell hints that intensity doesn't manufacture character. Best case scenario, it deceives it. Even from a pessimistic standpoint, it debases it. It isn't only the players who are ruined; it is additionally the observers. The symbolism of a combat zone delineate Orwell’s perspective on sport as a savage, fierce action where r unning, bouncing, and kicking a ball are trial of national ethicalness. Great sportsmanship †genuineness, lowliness, imperturbableness, regard, and thankfulness †is non-existent to Orwell. Orwell’s unscrupulous sentiment outlines how sports are unjustly comprehended by many. Orwell additionally contacts, as I would like to think, on closed-mindedness as opposed to energy. In sports, if a group loses, it is which is as it should be. Disregarding the explanations behind misfortune, and wildly accusing the arbitrator or the conditions is a type of obliviousness that is just appeared by an extremist †an individual who accepts that his nation is the sole best district, stubbornly. Orwell can make the article with one human issue as a center: sport lauds contrasts, it derides adversaries, and disintegrates the ethical character of its adherents.

The Unusual Details Regarding How Would You Use the Scholarship Money Essay Samples Most People Arent Aware Of

The Unusual Details Regarding How Would You Use the Scholarship Money Essay Samples Most People Aren't Aware Of Introducing How Would You Use the Scholarship Money Essay Samples The main reason why it's necessary for you to make sure you will make a thorough and in depth scholarship essay is a result of the benefits that it may provide to your scholarship application. There are rather few or none scholarship programs that will just ask you for transcripts or require that you fill in an application form without needing to compose a scholarship essay. That means you can order for our high school scholarship essay examples without needing to be concerned about your private details. In the event the answer isn't in proportion to the job, indisputably, you aren't going to win the scholarship. Some scholarship sources need you to join their organization. To raise the chances of your essay being successful, analyze the institution you're applying to. 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Essay Comparison of the Social Network and the Catcher in...

Extended Study – Comparative Texts Which techniques do J. D. Salinger and David Fincher use to explore the personal dilemmas of their protagonists, Holden Caulfield and Mark Zuckerberg, in The Catcher in the Rye and The Social Network? In David Fincher’s The Social Network and J. D. Salinger’s The Catcher in the Rye, a story of two young men, Holden Caulfield and Mark Zuckerberg face many difficulties and ultimately are very vulnerable souls. The dilemmas that Holden and Mark face are alienation, betrayal and identity. Fincher and Salinger both use many techniques in order to highlight these dilemmas, including setting, the theme of friendship/loyalty and symbolism. Fincher and Salinger both expose their protagonist’s dilemmas of†¦show more content†¦Mark, unlike Holden was the character in the narrative to betray a fellow character. Mark allowed or agreed with Sean Parker that Eduardo had to be ‘punished’ for freezing the account linked to the company but in the process betrayed the friendship between himself and Eduardo. Even though Mark may have not been on hundred percent on the decision of dropping Eduardo’s share, he still decided to betray his loyalty of Eduardo by choosing Sean instead, who in the end also betrays Mark. In this case, it seems that most friendships in The Social Network were never meant to survive; all were meant to crash and burn. For Holden, he basically expects most people to betray him, he expects most people to be ‘phoneys’ and expects all innocence to be lost in most children. Holden constantly feels betrayed with most of the other characters in the story, which coul d definitely be a main cause to his mental problems. Early in the novel, Mr Spencer betrays him. He was one of the few teachers at his school that Holden could relate with and trust. Spencer had told Holden of his expulsion, and Holden felt betrayed by his teacher. When Holden returns home to see Phoebe, his young sister, she is disappointed in him that he had failed to stay in Pency. He thinks that she should accept and be loyal to him unconditionally, so he feels betrayed. This shows that Holden really could not depend on anyone becauseShow MoreRelatedVideo Games: A Contemporary Scapegoat2374 Words   |  10 Pagesdisturbed backgrounds and mental illnesses, had video games as the first leading â€Å"cause† of their shootings. Only later on, when the stories all eventually died down, were the back stories of all the shooters were released. Harris and Klebold were anti-social and addicted to other forms of destructive media such as Marilyn Manson music and Mel Gibson films (Egendorf). DOOM, the game that was criticized, was originally about slaying aliens as a space marine while trying to escape Mars. The two shooters

Taking a Look at Intrinsic Motivation - 662 Words

Need: Although there has been countless research done about intrinsic motivation, a lot of it is conflicting when looking at comparisons. Previous studies have looked at the two mechanisms of attribution and perceived competence, as well as the influence of extrinsic rewards on levels of intrinsic motivation. However, they have not directly measured the two variables or focused on reward contingency in multiple aspects in one study. Purpose: The researchers of this experiment sought to clear up certain points, such as the need for direct measures of perceived competence and causal attributions. They also focused on examining the effects of extrinsic rewards that were dependent on ability versus effort, and the effect of extrinsic rewards on increasing or decreasing intrinsic motivation. This is because extrinsic rewards can influence feelings of self-efficacy or how an individual attributes their performance. In addition, since expectancies on internal or external locus of control can affect attribution theory, a measure for locus of control was included in the experiment. Sample: During the spring semester at the University of Toronto, 42 undergraduate students chose to participate in this experiment after seeing advertisements around campus. After contacting the researchers, blind participants were randomly assigned to one of three conditions for three upcoming sessions. Due to failure of participants not attending all 3 required sessions or computerShow MoreRelatedThe Self-Determination Theory by Edward Deci and Richard Ryan1720 Words   |  7 PagesThe motivation of different individuals can vary for many reasons, two of those reasons can be internal and external factors. The internal factors are referred to as intrinsic motivators and the external factors are signified as extrinsic motivators. 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LearningRead MoreThe Role Of Achievement Motivation On Industrial Development : A Study Of Port Harcourt Municipal Essay1587 Words   |  7 PagesTHE REQUIREMENTS FOR RN TO MSN PROGRAMME OCTOBER 7TH 2016 THE ROLE OF ACHIEVEMENT MOTIVATION IN INDUSTRIAL DEVELOPMENT IN NIGERIA (A CASE STUDY OF PORT HARCOURT MUNICIPAL) ABSTRACT This study focused on â€Å"The Role of Achievement Motivation in Industrial development: A study of Port Harcourt Municipal. The onus of the research was to X-ray the extent to which the role of achievement motivation from childhood could be instrumental to industrial development in Nigerian. In addition, some

Capital assets pricing model and Budgeting Free Sample for Student

Questions: 1.Describe the Capital Asset Pricing Model, Including the Assumptions Underlying the Theory 2.You are Required to work the Following Problem, using a Discounted Cash Flow (NPV) Analysis. You should Model your Answer on the text approach in Chapter Answers: 1.Introduction This essay carries out discussion on the capital assets pricing model (CAPM), which was developed in the early 1960s by the great economist William Sharpe (Fischer and Wermers, 2012). The CAPM mode has been an evolutionary work in the field of finance. It provided analysis of the risk with the expected return of the securities. Analyzing and incorporating the risk of securities with the expected return was a crucial work which was made possible with the evolution of the CAPM model. In this context, this essay provides discussion on the CAPM model with the coverage in depth in regards to relationship between security market line and capital market line. Moreover, the discussion extends to the critique of assumptions of CAPM model. Capital Asset Pricing Model The capital asset pricing model provides for computation of expected return of security or the portfolio of securities. The expected return computed by applying the CAPM model incorporates the risk of the security which is an essential feature of the CAPM model. However, the CAPM model only incorporates the systematic risk because the unsystematic risk is treatable. The expected return by CAPM model is computed by the following formula (Fischer and Wermers, 2012): CAPM= Rf+Beta (Rm-Rf) Where, Rf= Risk free rate of return Rm= Market rate of return Beta = Beta is the measure of systematic risk It could be observed that the model computes the expected return by adding market risk premium multiplied by the beta of security to the risk free rate. Thus, eventually the risk free rate is increased by the premium for the risk taken by the investor (Fischer and Wermers, 2012). The CAPM model is based on certain assumptions as outlined below: The CAPM model assumes that the investors base their decisions in regards to investment only on two factors such as expected return and the risk (Focardi and Fabozzi, 2004). Further, it assumes that the investors are rational and they do not tend to take more risk. The investments made by all the investors are for same time period (Focardi and Fabozzi, 2004). The investors can borrow and lend unlimited amount at the risk free rate. There exists perfect competition in the capital market (Focardi and Fabozzi, 2004). The use of CAPM model has been greatly admired in the field of finance. The investors may use the CAPM model in computing the desired rate of return based on which they may work out the current prices of the securities. Further, the CAMP return could also be used as the discount rate for discounting the cash flows of a project in evaluating its net present value (Sharifzadeh, 2010). Relationship between the Security Market Line and the Capital Market Line There are two elements of the CAPM model such as capital market line and security market line. The capital market line and security market line both are used in finding out the efficient portfolios. However, difference between the two is that CML usages standard deviation to denote the risk while SML usages beta. The capital market line is drawn by taking standard deviation on the X-axes and expected returns on the Y-axes (Cvitanic and Zapatero, 2004). The diagram as shown below depicts the graphical presentation of the CML return: Figure 1: CML Chart (Cvitanic and Zapatero, 2004) From the chart shown above, it could be observed that the efficient frontier on the CML chart is drawn with reference to the expected return and the standard deviation. Thus, the slope of CML becomes: Rm-Rf/ Further, the security market line is nothing but just the graphical representation of the CAPM returns of different securities. The SML is drawn by taking beta of securities on the X-axes and expected returns on the Y-axes. The slope of SML becomes: Rm-Rf/ The graph showing SML return is presented below: Figure 2: SML Presentation (Lee and Su, 2014) The slope of security market line is drawn based on the premise that the systematic risk is the only concern of the investors because the unsystematic risk can be diversified. Therefore, in computing the risk and return trade off, the beta which represents the systematic risk is considered. On the other hand, the risk and return trade off is computed with reference to the standard deviation in the case of CML (Lee and Su, 2014). Arguments for and against the Theory and Critique of its Underlying Assumptions The capital asset pricing model has been applied in the field of finance since many years and it has been considered as one of the most valuable finance theories. The theory establishes a linear relationship between the risk and the return. The proponents of the theory claims that the principles establish in the CAPM theory are still valid (Sharifzadeh, 2010). The theory provides a reasonable estimation of the required rate of return. Further, the proponents claim that the theory takes into account the systematic risk only which is justified because the unsystematic risk can be avoided and hence does not require any consideration. Further, it is claimed that the CAPM model is easy to use and it is widely accepted. The CAPM model provides a strong basis for computation of cost of equity. The proponents of the model claim that the CAPM model is more relevant and better than any other method for computation of cost of equity (Sharifzadeh, 2010).However, there are arguments against the C APM model also. The opponents claim that the CAPM model is based on the unrealistic assumptions. The CAPM model takes into account only the systematic risk assuming that the investors already hold diversified portfolio and hence there does not exist unsystematic risk (Sharifzadeh, 2010). This assumption of the CAPM model does not seem to be valid because it is not possible that in all cases the investor would be holding perfectly diversified portfolios. Further, the CAPM model measures the systematic risk only based on one factor that is relative volatility of the stock to the market index. However, in order to assess the systematic risk in a detailed manner, it is essential to relate it to different factors such as gross domestic product, inflation, and beta. Thus, it is argued that the single factor model as adopted by the CAPM model for risk assessment is not adequate for the purpose; a multifactor model should be adopted (Sharifzadeh, 2010). Alternatives of CAPM The assessment of systematic risk in the CAPM model has been based on the single factor. It has been argued by the economists that measurement of the systematic risk based on the single factor is not appropriate. Therefore, an alternative to the CAPM model has been found out which is known as arbitrage pricing theory (Elton et al., 2009). The arbitrage pricing theory provides for computation of systematic risk based on the multi factor model. It is also called the multi beta model. In this model, the assessment of systematic risk is linked to multiple factors such as GDP, inflation, interest rates, and relative volatility to the market index (Elton et al., 2009). Conclusions The essay presented here covers a critical analysis of the capital asset pricing model. From the discussion in this essay, it has been articulated that the CAPM model provides a good basis for computation of desired rate of return. However, it has also been observed that CAPM model makes many assumptions which might be unrealistic in practical situations. Further, it could be articulated that the CAPM model does not assess the systematic risk appropriately and an alternative for this purpose has been found out as the arbitrage pricing theory (APT). The APT provides a multi factor model for computation of the systematic risk. Part-B Net Present Value of the Proposed Change Initial outflows Cost of new machine 320000 Realizable value of old machine -90000 Net outflows 230000 Loan amount $ 320,000.00 Interest 8% Period 5 EMI $80,146.07 Loan schedule: Assumed that the loan is repayable in 5 equal installments Year Opening balance Installment Interest Closing balance 1 320000 $80,146.07 25600 $265,453.93 2 $265,453.93 $80,146.07 21236.315 $206,544.18 3 $206,544.18 $80,146.07 16523.535 $142,921.65 4 $142,921.65 $80,146.07 11433.732 $74,209.32 5 $74,209.32 $80,146.07 5936.7456 $0.00 Depreciation per year Cost of machine $ 320,000.00 Depreciated to prime cost $ 50,000.00 Period 5 Depreciation $ 54,000.00 Yearly cash outflows and inflows Cash inflows Cash outflows Net cash flows Year Saving in cooling costs Tax savings on interest Tax savings on depreciation Working capital Loss of existing sales Working capital Interest 1 80,000.00 7,680.00 16,200.00 10,000.00 27,000.00 25,600.00 41,280.00 2 80,000.00 6,370.89 16,200.00 10,000.00 21,236.31 71,334.58 3 80,000.00 4,957.06 16,200.00 10,000.00 16,523.53 74,633.53 4 80,000.00 3,430.12 16,200.00 10,000.00 11,433.73 78,196.39 5 80,000.00 1,781.02 16,200.00 27,000.00 10,000.00 5,936.75 109,044.28 Calculation of present value Year Cash flows PVF@10% Present value 0 -230000 1.000 (230,000.00) 1 41,280.00 0.909 37,527.27 2 71,334.58 0.826 58,954.20 3 74,633.53 0.751 56,073.27 4 78,196.39 0.683 53,409.18 5 109,044.28 0.621 67,707.92 Net present value 43,671.85 Harry should purchase the new machine because it will provide additional benefits of $43,671.85. The net present value of replacing old machine with the new one is $43,671.85 which depicts that the alternative is advantageous. References Cvitanic, J. and Zapatero, F. 2004. Introduction to the Economics and Mathematics of Financial Markets. MIT Press. Elton, E.J., Gruber, M.J., Brown, S.J., and Goetzmann, W.N. 2009. Modern Portfolio Theory and Investment Analysis. John Wiley Sons. Fischer, B.R. and Wermers, R. 2012. Performance Evaluation and Attribution of Security Portfolios. Academic Press. Focardi, S.M. and Fabozzi, F.J. 2004. The Mathematics of Financial Modeling and Investment Management. John Wiley Sons. Lee, M.C. and Su, L. 2014. Capital Market Line Based on Efficient Frontier of Portfolio with Borrowing and Lending Rate. Universal Journal of Accounting and Finance, 2(4), pp. 69-76. Sharifzadeh, M. 2010. An Empirical and Theoretical Analysis of Capital Asset Pricing Model. Universal-Publishers.