Paper 2 - English Drama Essay Example | Topics and Well Written Essays - 750 words

Paper 2 - English Drama - Essay Example Brecht describes epic theatre as a form of drama and a methodological approach to the creation of the plays where, â€Å"Its qualities of clear description and reporting and its use of choruses and projections as a means of commentary earned it the name ‘epic’† (Brecht and Willet 121). Moreover Brecht believed that, â€Å"It is most important that one of the main features of the ordinary theatre should be excluded from [epic theatre]: the engendering of illusion† (Worthen 396). Hence he uses drama as a mode of unveiling the bitter truths about human nature, life in general and the socio-political behavior of human beings. â€Å"Mother Courage and Her Children† is set in the time of 17 century during the Thirty Years War. The Play is an intriguing tale of a mother who loses her three children because of the war though the play is an indirect comment on the time of Nazi Regime. Brecht believed that drama should be used to enlighten the readers about th e reality rather than it being used as a mode of escape therefore he portrays the grotesqueness of war and inhumane side of human beings so that the readers would realize the extent of deterioration that has occurred. For example in the Mother Courage right after her daughter’s death says, â€Å"I hope I can pull the wagon by myself. Yes, Ill manage, theres not much in it now. I must get back into business† (70). This line is a cruel projection of the height of selfishness that has replaced human emotions because of the war. Then again there is a constant oscillation between Mother Courage’s love and hatred for war where at one place she condemns it because she is unable to gain profit while at other times she loves it because it helps her earn a living as she says, â€Å"I wont let you spoil my war for me. Destroys the weak, does it? Well, what does peace do forem, huh? War feeds its people better† (58). Although Brecht borrows some of the

Finance (Analysis) Essay Example | Topics and Well Written Essays - 2000 words

Finance (Analysis) - Essay Example However using discounted payback period, the company would be able to recover its initial outflow of the project in 3.47 years. The discounted payback period gives more accurate picture of the project feasibility because it takes present value of the future cash inflows (Trahan, and Gitman, 1995). Considering the investment required, the project should be accepted using the payback period technique. Net Present Value The Net present value of the project is $71,467,984. The value shows the difference between the initial outflow and present value of future cash inflow (Shapiro, 1978). Therefore, the management should undertake the project as the NPV is positive and very high so the project would increase the profitability of the company. Internal Rate of Return Internal Rate of Return of the project is calculated as 25%. This is the rate at which the net present value of all future inflows would be equal to the initial outflow of the project. It means the project is beneficial for the company because IRR is greater than the cost of capital which is 10% and therefore the project should be accepted. ... Modified Internal Rate of Return The MIRR gives more accurate and realistic picture of the cost and profitability of the project because this technique assumes that the positive cash flows will be reinvested at cost of capital i.e. 10% in this case. The MIRR of the project is 18% which is also greater than the cost of capital. Thus, the project should be accepted. Recommendation The company should accept the project because all the project appraisal and capital budgeting techniques used to evaluate the feasibility of the project are showing positive results and therefore the project should be accepted. If company undertakes the project, it would be able to recover its initial investment in 3.47 years (inflation adjusted) which is beneficial for the company. After 3.47 years the project will give additional future cash inflows till the end of the project. NPV of the project is also favorable and is showing the healthy earning for the company. IRR and MIRR of the project are greater th an the cost of the capital and indicating positive sign for the company to undertake the project. Profitability index of the Project is greater than 1 hence also supporting the project. Thus, the project should be accepted. MODEL DESIGN REPORT The model is prepared in Excel and it has been divided into three sections which are input, calculation, and output. All the information has been included in the input section by the user. Using input, calculation has been done through formulas and commands. The calculated result is then produced in the form of output. INPUT The model allows the user to enter the information as input in the excel sheet. The input section has been divided into seven areas. The production part comprises of price of product, units of