Multinational Capital Budgeting C H A P T E R 14 Multinational Capital Budgeting COPYRIGHT © 2008 South-Western/Cengage Learning.

Exhibit 14.1 Process of Remitting Subsidiary Earnings to the Parent

Exhibit 14.2 Capital Budgeting Analysis: Spartan, Inc.

Exhibit 14.2 Capital Budgeting Analysis: Spartan, Inc. (continued)

Exhibit 14.3 Analysis Using Different Exchange Rate Scenarios: Spartan, Inc.

Exhibit 14.4 Sensitivity of the Project’s NPV to Different Exchange Rate Scenarios: Spartan, Inc.

Exhibit 14.5 Analysis with an Alternative Financing Arrangement: Spartan, Inc.

Exhibit 14.5 Analysis with an Alternative Financing Arrangement: Spartan, Inc. (continued)

Exhibit 14.6 Capital Budgeting with Blocked Funds: Spartan, Inc.

Exhibit 14.7 Capital Budgeting When Prevailing Cash Flows Are Affected: Spartan, Inc.

Exhibit 14A.1 Comparison of Tax Characteristics among Countries Source: Worldwide Corporate Tax Guide, Ernst & Young. The numbers provided are for illustrative purposes only, as the actual tax rate may depend on specific characteristics of the MNC.

Exhibit 14A.2 Impact of Transfer Pricing Adjustment on Pro Forma Earnings and Taxes: Oakland Corp. (in Thousands)

Exhibit 14A.2 Impact of Transfer Pricing Adjustment on Pro Forma Earnings and Taxes: Oakland Corp. (in Thousands) – (continued)