Schedule for FIN6311 Valuation Section 001 Monday class 1. Intro Mini MBA 1/23 2.

Chapter 2 ,3 Pick teams 1/30 3. Chapter 4 2/6 4. CapIQ Session 2/13 Tesoro WACC worksheet in class 5. Chap 6 2/20 6. Chapter 8 2/27 7. EXAM 1 3/5 Market comp exercise in class HW1 due HW2 due HW3 due, WACC presentations HW4 HW5

7a. Guest speaker 3/7 8. Chap 9, 10 3/19 9. Monmouth and cash flow exercise in class 3/26 10 Mercury and continue cash flow exercise 11 Airthread plus time to work on project 4/2 4/9 HW6 HW7

12 Comerica case plus time to work on project 4/16 13. Kohler case 4/23 4/30 Term project due

14. Milagrol and test review

HW1 Prob 2.9 Use Excel. Automate your model. You will use it for chapter 3 HW also. Turn in hard copy, well formatted exhibits. Include 2 data tables showing sensitivity of NPV to changes in discount rate and to changes in price per unit( +/- 50 cents/lb) HW2 Prob 3.2 and 3.9 Turn in hard copy, well formatted exhibits HW 3 Titman 4.1; 4.2 ( For part B use formula v on page 115 re levering beta. Assume t= .35. Do not use debt beta ; 4.7;4.8. HW4 Calculate a WACC for Tesoro capital budgeting. Assume industry average D/E and use template from Buckle valuation report HW 4 Titman 6.1,6.3,6.4,6.9,6.10,6.13,6.14 HW 5 Titman 8.3,8.4,8.6

HW6 Titman9.3 and 9.5 HW7 Titman 10.2,10.3, and 10.9 Team exercises ---Tesoro WACC worksheet ---Relative ( market comparable) valuation --- Cash flow valuation Team cases ---Monmouth ---Mercury ---Airthread ---Kohler ---Comerica ---Milagrol