Friday, July 31, 2020

How To Promote Your Writing On Instagram

How To Promote Your Writing On Instagram We have the power to make it convenient at least for a bit. All those classes, extracurriculars, friendships, relationships, TV shows… it’s not easy to chase one task after another and balance between responsibility and pleasure. Have your project shaped in any way you want, in line with personal vision or expectations. The result will impress you, your peers, and your teacher. One of my girlfriends insisted I should try this service. I got an awesome grade and had a fun time out in town. If you have any urgent questions and you cannot reach your writer for some reasons, feel free to contact our client support experts available round-the-clock. Due to the individual approach if you are not 100% satisfied with the finished order that we send to you, ask the assigned writer to make the necessary improvements. Our group of professionals can manage with all the fields in the tight timelines and we guarantee 100% original texts. Our team consists of highly qualified professionals with tremendous practical experience. We can take on the task any kind of assignments. If your professor gets bored by reading your low-quality paper, then you will not like the grade that you get. Live online customer support with our experts through the chat function. We only provide original, non-plagiarized papers. Placing an order on our website is safe, private and anonymous. When you add essay or dissertation writing to all of this, you may crack under the pressure. He’s a social science fundi, and I’ve learned so much from him. I’ve just received wonderful feedback for the essay you wrote for me, and I want to share my good mood with you. Thank you so much for your attitude and professionalism. All our papers are passed through the Plagscan anti-plagiarism software to ensure that the paper has 0% plagiarism. The course readings were excellent - inspiring and varied, often captivating and sometimes bizarre. It is not only your assistant you can rely on but on our support team as well. There is one problem that only a specific group of students face, i.e. foreign students. To understand complicated academic literature, your English must be excellent. If your English is not top-notch, you will fail to comprehend a lot of things that you read. Thus, you will not have much information to share. If you want your essay to be liked, then you need to make it likeable by sharing engaging and interesting information. We cater to the students from all over the finest institutions located around the globe. Our range of experience with the most prestigious colleges puts us in a great position and makes us capable of handling any sort of clients in the education industry. The best thing of our service is we are available 24/7 means whenever you need any sort of assistance according to your assignment, we will be here. Our representative will shortly contact you for further information. We will assign you the most suitable writer, according to your requirement and start working process. Register at our site without mentioning much personal information. Fill out the order form mentioning necessary details . We recommend providing as many details as possible to get cheap essays you need. As soon as there is a question you need to find the right answer to, reach out to them You can use the option of a live chat as it is the fastest way to get someone to help you. We are here to make sure the process goes smoothly and our clients receive the results they need. If you are not sure which writer to choose or how to make a secure payment via our website, our support managers will be glad to assist you. The above mentioned facilities are not limited, we have many more for you.

The 10 Best Essay Collections Of The Decade

The 10 Best Essay Collections Of The Decade Publishers like certain genres to be within certain word counts, so any author who hopes to be published has to create their works within these counts. Many authors use word count as a motivational tool. To help them from getting stuck and editing each sentence over and over again as they write, they choose a minimum number of words they want to write each day. These words may not be perfect and will likely need to be heavily edited, but it gets the ideas down and keeps them from getting stuck on one area of their book. It’s a way to motivate them to get the book done. It works well for me, but I know others who don’t do well with it. I think it depends a lot on your personality, but forcing myself to be consistent day in and day out helps me get my books done. Without a daily word count, I would never complete them. What am I supposed to do if I write 1000 words, but it doesn’t make the number of pages I want? I don’t think I should have to write more words just because mine happen to be shorter than my classmates. We both wrote the same number of words, his are just longer so it takes up more pages. That means people who write long words have an advantage even though long words aren’t always good to use. The popular lead times are 3 hours, 6 hours, 12 hours, 24 hours, 1 day, 2 day turnaround, 3-5 day turnaround, 7 days, 14 days, some sites have longer options. So, keep up the good work and never stop developing your skills! We look forward to helping you impress your instructors and meet your deadlines while giving you more time to do you. The Privacy of our customers is highly important for us. Pay only when it meets all requirements and is plagiarism-free. Every day you write, you'll get beautiful stats that analyze the feelings, themes, and mindset of your words. For example, learn about how often you get distracted, and how fast you write. In the past, looking for a spare notebook was probably easier than looking for a computer. I don't know if my hands even work anymore with pen and paper for any task that takes longer than signing a check or credit card receipt. Unlike many of the other exercises in that book, I found that this one actually worked and was really really useful. I wrote an essay of 1550 words and it was barely 4.5 pages . I have a paper with ~2800 words and it is 3 lines past the 4th page. Normally for online publishing in my view we have to use 12 font size ,single spacing.hence 500 words is one page. Most of my professors require that we submit things online. This makes it really easy because the computer counts the number of words for them. It depends on how large or small your letters are. I average 240 handwritten words per college ruled sheet. Aye how many words do I have to put if I’m typing a 14 page essay. I agree that there are a lot of people who are overly concerned with word count, but there are legitimate reasons to keep it in mind as well. If it’s not something important to you and your writing, you can ignore it. Some of us get marked down points if we do not hit a certain word count or page count. If I’m assigned a paper and it has to be a minimum number of words, I worry about hitting that number. Secondly, we check our own database of completed orders so you know you’ll have original work every time. Provide a sample essay that shows proper knowledge of style, structure and proper English. Firstly, you need to type a title of your essay, so that the bot could find relevant content. I've long been inspired by an idea I first learned about in The Artist's Way called morning pages. It's about getting it all out of your head, and is not supposed to be edited or censored in any way. The idea is that if you can get in the habit of writing three pages a day, that it will help clear your mind and get the ideas flowing for the rest of the day. I write longer words than most, so most of my pages have less words than the estimates on this page. You should change them so they are more accurate for people who use longer vocabulary words. Depending on the genre of book you are writing, word count can be critical in whether or not your writing can actually be published.

Sunday, May 31, 2020

Inventory Control Management Practices for Sustainable Retail Chain Business - 275 Words

Inventory Control Management Practices for Sustainable Retail Chain Business (Essay Sample) Content: Inventory Control Management Practices for Sustainable Retail Chain Business Studentà ¢Ã¢â€š ¬Ã¢â€ž ¢s Name Institutional Affiliation Introduction Inventory control involves keeping stock of assets a company uses to produce items it sells. In retail businesses, inventory control provides for proper planning, budgeting and determines customer satisfaction in the long-run. Control over inventory techniques like automation, data analysis, time management, asset tallying, allow a business to keep track of what items are where; helping to place into perspective what is in demand and whatà ¢Ã¢â€š ¬Ã¢â€ž ¢s not. Automation is essential for smooth Inventory control as it saves considerable man-hours. Basic spreadsheets provide a great way to monitor stocks, track trends and predict future orders. However, they are incredibly cumbersome and error-prone hence unpopular with most growing businesses (Muller, 2011).  There are plenty of other inventory management software options available for businesses. Performing inventory counts of incoming and outgoing products is crucial to track records and maintains accuracy. Planning and optimization procedures like maintaining minimum stock levels are also required in asset management. This involves ordering new stock when the existing stock has reached a predefined minimum. Keeping extra stock protects against uncertainties to do with customer demand and product availability. There is, however no need to stock items in storage without clear intention. Excess inventory exposes a business to losses in damages, expiry, or if goods go out of season. Asset categorization is another practice that helps businesses have control over stock, find information easily for data analysis and optimization (Bose, 2006).   In retail, Time Management plays a major role in invent...

Saturday, May 16, 2020

Hitler s Impact On The Battle Of France - 1531 Words

Hitler’s Impact on the Battle of France The Battle of France, also known as the Fall of France, was the German invasion of France in 1940 during World War II. The German forces defeated the Allied forces by mobile operations and conquered France, Belgium, Luxembourg and the Netherlands, bringing land operations on the Western Front to an end which would last until 6 June 1944. Hitler’s goal was to invade the Soviet Union, but he knew he must first defeat the Western European nations to avoid a two-front war. The first step was to invade the Low Countries (The Netherlands, Luxembourg, and Belgium) and then France. Hitler’s plans and schemes not only were a major impact on the Battle of France, but made†¦show more content†¦In his first six years in power Germany had a rapid economic recovery from the Great Depression. The restrictions that were forced on Germany after World War I, the annexation of territories that were home to millions of ethnic Germans, and their actions gave Hitler the much need ed popular support. Hitler wanted living space for the German people in Eastern Europe. He was very aggressive about foreign policy and was considered to be the primary cause of World War II in Europe. He led a large-scale rearmament and on 1 September 1939 and invaded Poland. This resulted in the French and British declaring war on Germany. In June 1941, Hitler made the order to invade the Soviet Union. By the end of 1941 the European Axis powers and German forces occupied most of Europe and North Africa. Hitler’s Germany had a specific plan of taking over France that consisted of two main operations. The first step was â€Å"Fall Gelb†, which is German for Case Yellow The German armored divisions pushed their way through the Ardennes to cut off and surround the Allied forces this led Germany into the second into the phase of the operation, Belgium Fall Rot, German for Case Red, where the German troops took over the Maginot Line to attack the larger territory of France. The Allied armies were quickly defeated, butShow MoreRelatedThe Terror Of World War II Essay1492 Words   |  6 PagesThe Terror of WWII I. Adolf Hitler is no doubt the most infamous person that ever existed on this planet. He had an impact on the whole world during WWII. Hitler was the leader of the Nazi party during the second World War. Adolf Hitler had hated the Jews and had imprisoned them in what is known as concentration camps and had killed over 17 million people during WWII. II. Early Life a. Born April 20, 1889 in Braunau am Inn, Austria. b. His grandfather was in fact Jewish. c. He had grown up in aRead MoreThe War Of World War II1640 Words   |  7 Pagesin 1933, Hitler swiftly consolidated power, anointing himself Fà ¼hrer (supreme leader) in 1934. Obsessed with the idea of the superiority of the â€Å"pure† German race, which he called â€Å"Aryan,† Hitler believed that war was the only way to gain the necessary â€Å"Lebensraum,† or living space, for that race to expand. In the mid-1930s, he began the rearmament of Germany, secretly and in violation of the Versailles Treaty. After signing alliances with Italy and Japan against the Soviet Union, Hitler sent troopsRead MoreWilliam Golding s Lord Of The Flies1315 Words   |  6 PagesWWII was fought between many countries in the Pacific and Europe, the main contender was Germany, led by Adolf Hitler. Hitler and his followers, the Nazis, changed the lives of everyone when they attempted to strengthen Germany and brought out all the evil and ugliness in the world. After WWII, nothin g would be able to change the negative effects brought upon German society. In the early 1930’s, Adolf Hitler’s Nazi party used the widespread discontent of the German people to gain support from them. ThereRead MoreThe Terror Of Wwii : Adolf Hitler1456 Words   |  6 PagesThe Terror of WWII: Adolf Hitler’s Rise to Power Adolf Hitler is no doubt the most infamous person that ever existed on this planet. He had an impact on the whole world during WWII and had changed every person’s view of war in the 1930s and 1940s. Hitler was the leader (or Fuhrer) of Germany and the head of the Nazi party during the Second World War (www.biography.com). Adolf had hated everyone that did not have the same â€Å"perfect† quality that the â€Å"Aryan race† had, which is basicallyRead MoreGermany s Second World War II1405 Words   |  6 PagesGermany’s Possible Victory in World War 2 It is known fact that on September 1, 1939, Adolf Hitler led Germany to invade Poland so starting the Second World War. It is also accepted knowledge that he committed suicide at the end of April, 1945 ending the European conflict. Some say that his defeat was imminent while others say that the Nazi’s could have very easily won. Through years of book reading and History channel documentary viewing, I have come up with the conclusion to side with the latterRead MoreThe Battle Of The Allied Powers During World War II1528 Words   |  7 Pagesan enormous exchange between Hitler and the Allies. Because of this, it gave a rise to the power to the Allies in Europe when D-day was victorious. From 1941-1944 the Allies goal was to defeat Germany first. For many months, the Allies were trying to plan a massive invasion of Northwest Europe. The initial plan was to trap Germany from both the east and west sides with the help of the Soviet Union which would make it easier for the Allies to close in on Hitler. Hitler believed that the Allies wereRead MoreForeign Intervention During The Spanish Civil War1616 Words   |  7 Pagesbecause of the shear amount that foreign powers provided to the Nationalists. This included weapons, officers, military personelle and even financial backing. Furthermore, the foundation of the Non-Intervention Committee, which was founded by Britain, France and the United States, banned global backing, aside from the International Brigades and the USSR, reaching the Republicans. In this way, the unequal circumstance between the two fronts increased the backing the Nationalists were accomplishing fromRead MoreColby Warzecha. College English. 2017. The R ise And Fall1739 Words   |  7 PagesCollege English 2017 The Rise and Fall of Adolf Hitler WWII was undoubtedly one of the world’s greatest calamities with millions of lives lost. This war impacts the world even today. No person bears more responsibility than Adolf Hitler. It is important; however, to learn and understand his life so that the world does not repeat the same mistakes as seen in the 20th century. Adolf Hitler was born on April 20, 1889 in Braunau, Austria. His father, Alois Hitler, worked as a mid-level customs official. Read MoreWorld War II And Its Impact On The World1593 Words   |  7 Pageshow scary it is to think that a terrorist like Hitler gained so much power over so many countries? Well, the real question that we should be really thinking and learning about is what is World War II about? In general, World War II was a war that involved many countries that started after the First World War. It started in 1939 and ended during 1945. It was a very important war to all people, involving many countries such as Germany, Britain, France, Italy, United States, etc. I guess in a way ifRead MoreD Day During World War II Essay1299 Words   |  6 PagesThroughout the history of mankind, important events happen all of the time. Some events however, leave more of an impact than others. Some events are so crucial to history that they can never and will never be forgotten. Event s such as the American Revolution, 9/11, and the Boston Tea Party are examples of this crazily important list of crucial events in history. It’s not often that these type of situations occur, and when they do, attention must be paid to them. An event that is a prime example

Wednesday, May 6, 2020

Nuclear Energy Nuclear Power - 1260 Words

With global temperatures increasing and climate change controversies arising, the world seeks a clean, reliable energy source; could nuclear energy be the answer? Due to massive amounts of carbon dioxide emitted into the air by our main energy provider, the coal power plant, society is yearning for a cleaner form of energy. Nuclear power plants release minimal amounts of carbon dioxide into the atmosphere. Nuclear energy, in the public eye, has a bad reputation because of accidents that have occurred in recent history (Fukushima, Three Mile Island, and Chernobyl). With the current climate crisis in full effect, the thought of nuclear energy has been revived. Society has become so dumbfounded by global warming that nuclear energy is being perceived as the apparent solution. The idea that nuclear energy should replace fossil fuels and coal as our main energy source is downright blasphemous. Nuclear energy shouldn’t be used because it’s dangerous, dirty, and immensely expe nsive and time consuming to start; therefore, the drawbacks greatly outweigh the benefits of nuclear energy. Nuclear power plants are hazardous to population living nearby. Nuclear power plants take up enormous amounts of space that they’re bound to be located near a population of people. According to Karl Grossman, a journalism professor and environmental reporter at the State University of New York College at Old Westbury, an estimated 108 million people live within 50 miles of a nuclear power plantShow MoreRelatedNuclear Power And Nuclear Energy Essay1456 Words   |  6 PagesIntroduction Nuclear power is used to some degree to provide electricity to many countries, and it is also playing a significant role as a main fuel resource for marine propulsion for ships. For many countries, nuclear energy is their primary energy source, such as France. However, nuclear energy has its benefits and drawbacks. The nuclear energy power plants need less raw materials than the other energy power plants, such as coal power plants. But if there is an accident, large amount of radioactiveRead MoreNuclear Energy And Nuclear Power Essay1582 Words   |  7 PagesNuclear Energy For many Americans, the electric bill is the most dreaded bill to arrive each month; it is always expensive, yet it doesn’t have to be. To lower electricity costs for citizens and businesses, the Unites States could increase its use of nuclear power. Nuclear energy is created when an unstable radioactive element decays and emits nanoparticles called radiation. With today’s current technology, the emission of these atoms as well as the energy released can be controlled and used inRead MoreNuclear Power And Nuclear Energy1341 Words   |  6 Pageswhen nuclear energy is produced without incident, the science itself creates vast quantities of toxic waste, which is impossible to discard† (Dupea, n. pag.). Because of the fact that there is no way to safely dispose of nuclear energy and waste, many issues have arose. There are many more safe and more reliable sources and ways to produce energy that involves less risks. Countries need to eliminate the use of nuclear ene rgy due to the problems it causes. Some of the largest issues with nuclear energyRead MoreNuclear Power And Nuclear Energy1491 Words   |  6 Pagesnatural resources. Nuclear energy is one of the most important alternative resources that the world can be used for. However, when the term â€Å"nuclear power† gets used usually the first thing that comes to mind for most people is about the bomb, war, negative effects and many more. However, almost all the nuclear energy we use today comes in the form of electricity, which is not dangerous. People are frightened and concerned about the nuclear power, because they believe that the nuclear power has many negativeRead MoreNuclear Energy And Nuclear Power1705 Words   |  7 PagesNew energy sources are invested in every year to produce heat and electricity for the citizens of the United States. However, nuclear power is becoming a much more urgent discussion topic. Nuclear power, or the use of nuclear fission to generate heat and electricity, contributes to nearly 20% of the electricity generated and used in America. According to the Department of Energy, the United States has invested 60 years of their time into nuclear power! But why have we done so? Well, the productionRead MoreNuclear Power And Nuclear Energy1637 Words   |  7 Pages While some say nuclear power is risky, the facts prove otherwise. Nuclear energy is often treated as a taboo subject due to misconceptions throughout history by the public, but in actuality, nuclear energy is relatively safe, when practiced correctly. Nuclear energy is a process in which atoms are split, producing heat, which boils water. The steam then turns a turbine to produce electricity. While fission is involved in nuclear bombs, the process in each are both different. The ‘fuel’ used forRead MoreNuclear Power And Nuclear Energy Essay1739 Words   |  7 Pagessources of energy are discussed, the focus is usually centered around energy productions like solar and wind. But an important source of energy is often overlooked, nuclear energy. The viability of nuclear power plants has been a topic of debate since their inception, with many both for and against it. Many countries are broadly opposed to nuclear energy with poor public opinion resulting in the decommissioni ng of nuclear power plants in their country. With the potential dangers of nuclear energy and theRead MoreNuclear Power And Nuclear Energy1323 Words   |  6 Pagesever increasing population, [energy demand, and the need for alternative resources continues to increase.] Nuclear energy comes up as a strong contender by being clean, sustainable, and more consistent moreover than others in the renewables category. Even though those in the energy industry argue that the use of nuclear plants provides a stable source of power in a clean and renewable matter, in areas where other resources are available, the potential threat of nuclear meltdowns outweigh the positiveRead MoreNuclear Power And Nuclear Energy1016 Words   |  5 Pages Nuclear energy is not the most talked about debate, but one of the most important because of the impact it has on the future of the earth. It has grown to be one of the leading sources of energy in Europe. The U.S. does not use nuclear energy as much, but are looking to add ore nuclear power plants. The way nuclear energy is formed is through a long process that starts by splitting an atom. The first people to do so were the German scientists, Lise Meitner and Otto Hahn. After their study alongRead MoreNuclear Energy : Nuclear Power1251 Words   |  6 PagesWhat is Nuclear Power? Nuclear power uses nuclear fission to release nuclear energy which creates heat that can then be used in nuclear power stations to provide electricity. In nuclear fission, the nucleus splits apart generating large amounts of energy. Nuclear fusion is also an excellent energy source because it produces no greenhouse gases or combustion products which are not radioactive. The drawback is that it takes too muc h energy so we are sticking to nuclear fission. Nuclear power a controversial

Tuesday, May 5, 2020

Corporate Governance Tourism

Question: Discuss about the Corporate Governance Tourism. Answer: Introduction Tourism industry plays an important role for managing the activities of tourist and providing effective destination and time management for the tourists (Komppula 2014). The report shows the analysis of the role of director and their selection criteria for the Tourism Australia. Position Description of Director in Tourism Australia According to Nickson (2013), the director plays an important role for performing all the activities of the business operations of the Tourism Australia. The director is bound to perform activities like, 1. Conduct Board Of Director meetings 2. Fix the targets and monitor the performance (financial as well) 3. Approve the strategies of Tourism Australia 4. Align the objectives according to the requisites 5. Consider the annual management budget 6. Identify the corporate risks and analyze the mitigation techniques 7. Determine the level of authority as per the delegations Figure 1: Context of Tourism Australias governance (Source: Dredge and Jamal 2013, pp- 579) Selection criteria for Director in Tourism Australia According to Houlihan et al. (2013), the criteria for being selected as the director of Tourism Australia are; Perquisites: The candidate must have tertiary level of qualifications within the tourism field for employment in Tourism Australia. Preference: The candidate having previous experiences in administration of tourism industry would be preferred for the job in Tourism Australia. Skills: According to Flaherty and Choi (2014), prone to use computer knowledge, good administrative skills, use of polite language for communication, neat and professional attire, caring disposition, and approach should be energetic for customer service. Conclusion The director of Tourism Australia has to provide effective leadership and management, and control and monitor all the activities of the business. The appointment of director in Tourism Australia would require application for governance tools and identification of the stakeholders for the business. References: Dredge, D. and Jamal, T., 2013. Mobilities on the Gold Coast, Australia: Implications for destination governance and sustainable tourism.Journal of Sustainable Tourism,21(4), pp.557-579. Flaherty, J. and Choi, H.S.C., 2014. Is writing important for graduate success? A preliminary investigation into the communication skills required of Hospitality and Tourism graduates.Teaching and Learning Innovations,16. Houlihan, S., Perez, L., Houlihan, D. and Kruger, A., 2013. Creation of a Selection Program for Indigenous Students at an Eco-tourism Focused High School in the Ecuadorian Amazon Region.Education Research Journal,3(4), p.83. Komppula, R., 2014. The role of individual entrepreneurs in the development of competitiveness for a rural tourism destinationA case study.Tourism Management,40, pp.361-371. Nickson, D., 2013.Human resource management for hospitality, tourism and events. Routledge.

Saturday, April 18, 2020

Profit and Corporate Hurdle Rate free essay sample

Currently, Teletech Corp. is using a single corporate hurdle rate to evaluate its investment decisions in its products and systems segment as well as its telecommunications segment. We will write a custom essay sample on Profit and Corporate Hurdle Rate or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Using only one hurdle rate doesn’t take into account the risk that the company faces within each segment. Investors demand higher returns for riskier investments. Victor Yossarian is concerned about the low returns for the high risk in the products and systems segment, this is why he wants to abandon this segment. Using two hurdle rates adjusts for the risk in each industry allows the company to adequately value each segment. Our analysis will show that by using two hurdle rates it will lower the cost of equity and WACC for the less risky telecommunications segment, while raising the cost of equity and WACC for the more risky products and systems segment. Lastly, our calculation of the economic profitability for each industry using the segmented hurdle rates will show that Teletech may be overvaluing its products and systems segment while undervaluing its telecommunications segment. This implies that Teletech should reallocate its capital in order to increase economic profitability . Introduction We will conduct an industry comparison analysis to show how the the company’s cost of borrowing and beta compares to its competitors. Next, we will explain why it is more beneficial for the company to use segmented hurdles rates rather than the corporate hurdle rate currently being used. We will then calculate a new hurdle rate and the economic profit for each division. Then, we will explain how capital restructuring can increase our profits for each segment. Lastly, we will address the concerns with the company’s recent performance and the future direction of the company. Industry Comparable Analysis Prior to any action, we will examine Teletech Corp’s market debt to capital and market debt to equity in comparison with a few selected competitors. In Exhibit One, all three comparable companies have a beta lower than 1. 05, which allows them to raise capital at a lower the cost of equity. However, when you compare market debt to equity, it is lower than the industry average showing that more equity can be issued. They also have a market debt to capital of 22%, which is below the industry average as well. The mean for this section is 28. 10%, which gives us an idea of where the ratio should be in comparison with Teletechs’ top competitors. Based off industry average, Teletech can increase their margins by becoming more levered. Now we will compare the products and systems segment using the same base of measurement with more focus towards the beta. Displayed on Exhibit One, the mean of the three companies is 1. 30, which is a substantially higher beta than Teletech corporate beta of 1. It is likely that the company can choose to raise capital from the wrong source; which shows’ when you compare its’ corporate debt to equity of 29% to an industry average of 9. 2%. This leads to the assumption that the capital structure that management has in place is inadequate in terms of risk and reward. Due to several outliers in this segment, we believe the industry average should be a little higher. Our assumption is that the the market debt to equity for the new segmented PS should be somewhere in between. This is discussed in the capital restructuring section of this analysis, where we assume a 15% weight of debt to calculate the new WACC. Telecommunication Services In order to calculate the new hurdle rate for the telecommunications segment we first had to calculate the cost of equity using the capital asset pricing model. We used the corporate risk free rate and market risk premium and the average beta for the telecommunications segment to make this calculation. As demonstrated in Exhibit Two, the cost of equity is lower than the corporate rate. Next, we calculated the WACC using the new cost of equity and the average market value of debt in the telecommunications segment. Exhibit Two shows that the WACC is lowered when using the market value of debt and new cost of equity. This means that shareholders will require a lower return on their investments and will cost the company less while raising equity, and issuing debt at a lower rate than the 9. 3% corporate rate currently being used. The segmented hurdle rates allow for lower cost of debt than the corporate hurdle rate. Lastly, we calculated the economic profitability using both the corporate hurdle rate and the segmented hurdle rate. Using the corporate hurdle rate, we calculated an economic profit that was negative, which can be shown in Exhibit Three. However, when we use the segmented hurdle rate the economic profitability is positive, which is shown in Exhibit Three. This shows that we are undervaluing the telecommunications segment when we use the corporate hurdle rate. Products and System Segment Our next objective was to determine what was the weighted average cost of capital for the products and systems segment. First, we needed to calculate the cost of equity for this segment. The risk free rate and risk premium were given to us and we calculated the beta by taking industry averages in the telecommunication equipment industry and the computer and network equipment industry. In Exhibit Four, the calculation can be shown and the result is a cost of equity for this segment of 12. 1%. The next step was to determine the overall weighted average cost of capital for this segment. We were given the after-tax cost of debt, but we had to determine a suitable weight of debt for this segment. The weight of debt was determined by calculating the average market value of debt to capital in the telecommunications equipment industry and computer and network equipment industry. We determined a suitable weight of debt of 9. 2% and a weight of equity of 90. 8% based off the average market value of debt to capital for the telecommunication equipment firms and computer and network equipment firms. This segment is riskier than the telecommunication services segment, so less debt is issued in this segment. In Exhibit Four, the calculation for the WACC is shown resulting in 11. 4% cost of capital for this segment. We decided to determine what the economic profitability of this segment was using the new segmented WACC. First, we had to calculate the capital employed in order to correctly figure out the profitability. We were given the return on capital for the segment of 11% and the net operating profit after taxes of $480 million. We calculated the capital employed and by using the newly determined capital employed, we plugged the new hurdle of 11.  4% and the given return on capital into the economic profitability formula. Exhibit Five shows the calculations for both the capital employed and the new economic profitability using the new segmented hurdle rate resulting in an economic profitability of $-17. 41 million. We wanted to do a comparison analysis using the corporate hurdle rate and the segmented hurdle rates for each segment. We used the same capital employed that we calculate d above and just plugged in the corporate hurdle rate instead of the segmented hurdle rate. Exhibit Five shows the calculation using the corporate hurdle rate resulting in economic profitability of $78. 19 million. Capital Restructuring After calculating economic profitability for both the telecommunications services segment and products and systems segment using both the newly calculated segmented hurdle rates and also using the corporate hurdle rate, we decided to do a comparison. Exhibit Six shows the economic profitability for each segment. However, the products and systems segment is still underperforming and has negative economic profitability. The segmented hurdle rate shows that the capital structure of the firm does not properly allocate the optimal capital that could result in much larger economic profits than using a single corporate hurdle rate. The telecommunications services segment has strong performance and low risk, so we determined that we could issue more debt in this segment and decided a weight of debt of 40% was suitable based on performance and comparable firms. Exhibit Seven shows the new WACC with a 40% weight of debt and 60% weight of equity resulting in a lower WACC then using the 27. 1% industry average debt weight. The products and systems segment is struggling to make economic profit, but we believe that even with the riskier characteristics of this segment that slightly raising the weight of debt above the industry average was a suitable option. The average weight of debt for the industry was 9. 2%, but this resulted in negative economic profit. So, we decided to push the weight of debt to 15% in order to just make this segment profitable without creating major debt risk. We decided to issue more debt because Teletech is a more diversified company that allows the risk to be separate out between the two segments instead of just one industry. Exhibit Seven shows the calculation for the products and systems segment using the newly determined weight of debt of 15% and weight of equity of 85% resulting in a factorial decrease in the WACC to 10. 96%. Exhibit Eight shows the new comparison analysis using the new WACC from the capital restructuring and shows that both segments are profitable. Conclusion After determining separate WACCs, we calculated economic profit for each segment discovering that products and systems was underperforming. Using comparable firms, it was evident that there was an opportunity to issue further debt. With the new debt weight, products and systems segment became profitable without significantly impacting this segment’s debt risk. The new debt structure and positive economic profitability would provide increased value for shareholders including Victor Yossarian. We believe that products and systems segment improves the horizontal diversification of Teletech and allows the debt risk to be more separate out with more segments.