PROJECT MANAGEMENT Essay Example | Topics and Well Written Essays - 250 words

PROJECT MANAGEMENT - Essay Example quation for break-even point with the consideration of NPV is expressed as, 0 = -$200,000,000 + (Sum of all PV Factors) x $25,000,000 (â€Å"Definition of Net Present Value†). From this equation, Sum of all PV Factors = 200,000,000 / 25,000,000 = 8. The PV Factor for each year is calculated using formula, 1/(1+r)^n. In this formula, r = 13%, and n = number of years, such as 1,2,3 †¦Ã¢â‚¬ ¦., and so on. The sum of PV factors at r = 13% for 70 years is equal to 7.69, and NPV = -7,721,304. It can be concluded that Break-even point with NPV for Alpha project is much longer than 70 years. The sum of all PV Factors for the project Zeta is calculated, Sum of all PV Factors = 500,000,000 / 70,000,000 = 7.1428. The sum of all PV Factors for the yearly return 13% in 25 years is equal to 7.1695. It is concluded that Break-even points of Zeta project is in between 24 and 25 years. Answer to Question 7. Big Lu is using NPV criterion that is based on the discounted cash flow concept. It implies that annual income for each year will be discounted to the present value. If the Net Present Value is positive then the investment project is accepted. This is an industry accepted method; that is why Big LU investment criteria is

Fadiamn book, The spirit Catches You and You Fall Down Essay

Fadiamn book, The spirit Catches You and You Fall Down - Essay Example Their different approaches and beliefs to Lia Lee’s condition, the miscommunication between the parents and the doctors, partly because of the language barrier, and her parents’ refusal to administer the medication leads to worsening of the condition that leaves Lia Lee brain dead. Since the Hmong culture believed that illness was practically a matter of spirituality and sacrifices, they did not take their daughter to the hospital for diagnosis. It was only after several seizures that they decided to take her to the hospital. The American doctors diagnosed Lia with epilepsy and gave her medication to manage the condition. The parents reluctantly agree to administer the medication but over the next four years, the anticonvulsants do not take effect as the doctors keep changing her prescriptions. This causes Lia Lees parents to doubt the effectiveness of the medication and consequently refuse to administer the drugs to Lia. This decision makes the American doctors take ac tion against Lia’s parents and place Lia in foster care where she could be given the drugs and hopefully get better. However a few months after returning home, Lai has a massive seizure that leaves her brain dead. With death imminent, the doctors allow her to be taken home by her parents, who were still hopeful that they would be able to unite Lia’s soul with her body and hence were organizing a pig sacrifice that was part of the Hmong’s rituals for uniting souls to their bodies. There is an evident cultural dissonance in regards to the Hmong’s view of sicknesses as tied to their culture and the American medical culture. The Hmong tie sicknesses to spirituality and believe that sicknesses are a result of an individual’s soul leaving its body and keep wondering after being possessed by spirits. In order to unite the wondering spirit with its body, the spirit has to be appeased by offering pig