1. Understand how a change in the balance sheet structure will impact ROA, ROE, and Basic Earning Power. 2. Understand what would cause a company to hold additional debt. 3. Understand the differential risks of various modes when deciding on how to penetrate a foreign market. 4. Understand how to determine the component cost of debt for a noncallable bond. 5. Understand how to determine relative product value in differing countries. 6. Understand how to determine a foreign currency arbitrage value. 7. Understand how to solve for MIRR and Payback. 8. Understand what comprises the relevant cash flows for a project. 9. Know how to calculate Free Cash Flow, Terminal (Horizon or Continuing) Value, and Enterprise value for a project and/or entity. 10. Know how to calculate the WACC. 11. Understand what would cause the AFN to increase or decrease. 12. Know how to calculate the dividend payout ratio for a given financial statement structure. 13. For a given capital acquisition of equipment understand how to calculate whether it would be best to purchase or lease such equipment. 14. Understand the components of risk and how they can be managed. 15. For a private company, understand how to determine beta from a proxy public entity. 16. Understand the concepts discussed in class for developing and implementing a strategic plan. 17. Understand how to apply mid-year discounting when performing a present value calculation. Note: In all cases the words "understand" and "know" should be construed broadly to include how to calculate effects and integrate related issues