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User talk : Danschwallie From Wikipedia, the free encyclopedia Jump to navigation Jump to search Welcome [ edit ] Hello, welcome to Wikipedia. You can help improve the articles listed below! This list updates frequently, so check back here for more tasks to try. (See Wikipedia:Maintenance for further information.) Fix spelling and grammar Northern Sotho language La Brévine Alex Gilbert (adoption advocate) List of Marvel Comics characters: S Pournami (film) More... • Learn how Fix wikilinks Roman Messer Tobago Forwards Mist (1967 film) List of Essential Mix episodes More... • Learn how Update with new information Kanawinka Geopark Merrell (company) IV liiga Georgia State Route 115 European Trade Union Confederation More... • Learn how Expand short articles Takashima, Shimane Izumo Province Oki District, Shimane Yoshida, Sh

Adjusted present value From Wikipedia, the free encyclopedia Jump to navigation Jump to search APV formula APV = Unlevered NPV of Free Cash Flows and assumed Terminal Value + NPV of Interest Tax Shield and assumed Terminal Value : The discount rate used in the first part is the return on assets or return on equity if unlevered; The discount rate used in the second part is the cost of debt financing by period. In detail: EBIT – Taxes on EBIT = Net Operating Profit After Tax (NOPAT) + Noncash items in EBIT – Working Capital changes – Capital Expenditures and Other Operating Investments =Free Cash Flows Take Present Value (PV) of FCFs discounted by Return on Assets % (also Return on Unlevered Equity %) + PV of terminal value =Value of Unlevered Assets + Excess cash and other assets =Value of Unlevered Firm (i.e., firm value without financing effects or benefit of interest tax shield) + Present Valu

Cornsweet illusion From Wikipedia, the free encyclopedia Jump to navigation Jump to search Optical illusion In an example of the Cornsweet illusion, the whole left half of this rectangle seems to be lighter than the right. In fact they have the same brightness, apart from the gradients in the center. The same image as above, but the edge in the middle is hidden: the left and right part of the image appear as the same color. The Cornsweet illusion , also known as the Craik–O'Brien–Cornsweet illusion or the Craik–Cornsweet illusion , is an optical illusion that was described in detail by Tom Cornsweet in the late 1960s. [1] Kenneth Craik and Vivian O'Brien had made earlier observations in a similar vein. [2] The original version of the illusion involved a rapidly spinning black-and-white disk, painted in a way that would create the appearance of a gradient effect when in motion. [3] An equivale