1. In http://es.finance.yahoo.com/ search the Profile (Profile) of PepsiCo (PEP) and IBM (IBM), and then, examine the Balance and the Result Account of each company. Calculate the present value of the tax savings for interest that contributes to your long-term debt. Now suppose you each issue $ 3 trillion more of long-term debt and use the proceeds to buy back your own capital. What change would tax savings experience?

2. Scroll down and click on the word "Industry" in the left column. This will provide you with a table of financial ratios or ratios for different industries. Compare debt ratios between companies' equity. Can you explain the differences? Are these better explained according to the theory of equilibrium or according to that of the financial hierarchy?

3. What was Ryan's starting salary? How much could he have contributed to the voluntary savings plan in his first year of employment?