Baj Corporation uses a predetermined overhead rate base on machine-hours that it recalculates at the beginning of each year. The company considers all of its manufacturing overhead costs to be fixed and it has provided the following data for the most recent year. Estimated total fixed manufacturing overhead from the beginning of the year $534,000 Estimated activity level from the beginning of the year 30,000 machine-hours Actual total fixed manufacturing overhead $487,000 Actual activity level 27,400 machine-hours The predetermined overhead rate per machine-hour would be closest to: a. $17.80
b. $19.49
c. $16.23
d. $17.77

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?