Othello Vs Much Ado About Nothing Essays - Othello, Emilia, Iago

Othello Vs Much Ado About Nothing The two villains in ?Much Ado About Nothing? and ?Othello? share much in common, despite their numerous differences. It is evident that Shakespeare framed the second piece of literature to be similar to the first. Although shorter, the plot of ?Othello? is definitely more complex. The villains play a major part in the novels, and are very much alike in their line of thinking. The comedy, ?Much Ado About Nothing? depicts the story of a group of high-ranking soldiers who travel through a town called Messina. They had been to the town before, and this time Claudio confesses his love for the governor's daughter, Hero. Because Leonato is so fond of Claudio, the wedding is set to be a few days away. This gives Don John, Claudio's bastard brother, a chance to show his true hatred for Claudio. He comes up with a scheme to make Claudio think that Hero is cheating by dressing Margaret in her clothing and perching her near the window with another man. When Claudio sees this, he says that he will humiliate Hero instead of marrying her. The next day Claudio does exactly as he had said, degrading Hero in front of all her family and friends. Because she did not cheat on him, she did not expect that kind of reaction. She is so dejected that she faints, and everyone assumes she is dead. Eventually Borrachio is overheard talking about Don John's plan, and Don John is arrested. Later Claudio learns that Hero is not actually dead, and they are finally married. ?Othello?'s Iago is very much similar to Don John. He wants to get revenge on Othello for not being chosen as lieutenant and also suspects that Othello has slept with Emilia. Somehow Iago manages to manipulate Othello into thinking that Desdemona cheated on him. When he demands that she show him the handkerchief he had given her, and she does not, he is convinced that she is being unfaithful. This is when he decides that he must kill her. Later in the novel Othello suffocates Desdemona out of jealousy. The villains of both novels contain an unusually large number of similarities. Both Don John and Iago are determined to break up the key relationships of the two novels. Iago tricks Othello for revenge, Don John out of sheer hatred for Claudio. The bastard brother goes through a period where he acts very pleasant toward Claudio, and Iago seems to be the ally of Othello throughout the entire piece. Both Don John and Othello used unsuspecting women to break up the main characters. Don John used Margaret and Iago used Emilia. Finally, both villains are strong egotists. Don John shows it in the way that he does not interact with the other characters. Iago believes that Othello is much too trusting, and respects no one but himself. Although Shakespeare meant to create these two evil characters alike, there are a few differences between them. Don John set up Claudio using other people to convince him. I go used his manipulative speaking and wits, along with Othello's gullible nature to convince him. Don John and Iago caused the two main characters to take different methods of revenge on their women. Othello killed Desdemona in a jealous rage, whereas Claudio merely humiliated Hero. Iago seeks revenge on Othello for two reasons: he suspects Othello slept with Emilia, and he also despises Othello for choosing Cassio as lieutenant instead of him. One final and resounding difference between Don John and Iago has to do with the past of each character. Shakespeare portrays Iago as an intelligent and sometimes caring character until Othello supposedly wrongs him. On the other hand, Don John has more of an evil aura about him, and shows his hatred for Claudio right from the start. Overall, the characters of Don John and Iago are very similar, although the latter is much more intelligent and complex. These two men are what draw the reader's attention to the novel, and share so much in common that the two seemingly unrelated works are read in tandem constantly. Shakespeare

How to Complete a Culture Research Paper

How to Complete a Culture Research Paper The work on a culture research paper is not that simple as it can seem for a student. This is a special type of writing work that demands some serious practice and original approach as culture itself is the result of the creative process among humanity. In major aspects, the investigation project on culture has got significant similarities with papers on philosophy and sociology, but the culture does not deal with some abstract notions, it deals with the products that were generated by the society. The thing that is the most attractive for the students is the level of freedom that is granted during the writing process. The student is allowed to select any topic that is equally actual and meaningful from the cultural point of view. The theme can be based on the analysis of past historical heritage, or the writer can concentrate on pop culture essay topics or any other modern cultural phenomena which have not been presented to the vast public. The Points to Consider While Completing Culture Essay Every person who is working on the text cherishes all the performed work and wants it to be estimated at the top level by all readers. To complete the research paper on culture, there are some points which should be attended to in order to acquire the maximal result from the conducted investigation. Stick to the selected aspect of the paper While writing a paper on culture, you should clearly understand that the topic is multi-aspectual, and you can shift between different points of the same topic unnoticing it. When scrolling the top topics for a culture research paper, choose the one you like the most, define the core point, and stay in tune exclusively with it. In this way, your work will be attached to some single idea, and the result of such investigation will be productive for sure. Select the method of the research The applied method of investigation is extremely crucial for a research on culture. It can be either a descriptive analysis, historical discourse, statistical data analysis or problem-solving investigation. Each method is applicable to some peculiar type. Remember that culture is a super-individual entity While writing, the author should forget about personal preferences and explore the culture as a sort of social treasure. Such approach can add some fundamentalism to the paper, besides independent position is always a sign of decent scientist. The term ‘super-individual entity’ means that culture cannot be positive or negative – it just exists regardless of the position of people. Do NOT forget about the interdisciplinary approach Today, more and more students get involved into social studies as it is one of the most interdisciplinary subjects that encompasses anthropology, history, sociology, arts, psychology and other sciences to study the greatest achievements of the world. The study through the prism of various fields of science can result in a more fascinating and informative paper. To finalize everything, the creator of the essay should bring the information to the reader and disturb the minds for further reading. Mind to also support the ideas with strong facts that will hook the audience. That is the main goal of culture writing. As a matter of fact, our service can provide you with research paper writing help on culture topics.

Battle of Eniwetok in World War II

Battle of Eniwetok in World War II Following the US victory at Tarawa in November 1943, Allied forces pressed forward with their island-hopping campaign by advancing against Japanese positions in the Marshall Islands. Part of the Eastern Mandates, the Marshalls had been a German possession and were given to Japan after World War I. Though held as part of the outer ring of Japanese territory, planners in Tokyo decided after the loss of the Solomons and New Guinea that the chain was expendable. With this in mind, what forces were available were moved to the area to make the islands capture as costly as possible. Commanded by Rear Admiral Monzo Akiyama, Japanese troops in the Marshalls consisted of the 6th Base Force which originally numbered around 8,100 men and 110 aircraft. While a relatively large force, Akiyamas strength was diluted by the requirement to spread his command over all of the Marshalls. Also, much of Akiyamas command consisted labor/construction details or naval troops with little infantry training. As a result, Akiyama could only muster around 4,000 effective. Anticipating that the assault would strike one of the outlying islands first, he positioned the majority of his men on Jaluit, Millie, Maloelap, and Wotje. Armies Commanders United States Vice Admiral Harry W. HillBrigadier General Thomas E. Watson2 regiments Japan Major General  Yoshimi Nishida3,500 men American Plans In November 1943, American airstrikes commenced eliminating Akiyamas air power, destroying 71 aircraft. These were partially replaced by reinforcements brought in from Truk during the following weeks. On the Allied side, Admiral Chester Nimitz initially planned a series of attacks on the outer islands of the Marshalls, but upon receiving word of Japanese troop dispositions through ULTRA radio intercepts elected to change his approach. Rather than assault where Akiyamas defenses were strongest, Nimitz ordered his forces to move against Kwajalein Atoll in the central Marshalls.   Attacking on January 31, Rear Admiral Richmond K. Turners 5th Amphibious Force landed elements of Major General Holland M. Smiths V Amphibious Corps on the islands that formed the atoll.   With support from Rear Admiral Marc A. Mitschers carriers, American forces secured Kwajalein in four days.   Capture of Engebi With the rapid capture of Kwajalein, Nimitz flew out from Pearl Harbor to meet with his commanders.   The resulting discussions led to the decision to immediately move against Eniwetok Atoll, 330 miles to the northwest.   Initially scheduled for May, the invasion of Eniwetok was assigned to Brigadier General Thomas E. Watsons command which was centered on the 22nd Marines and 106th Infantry Regiment.   Advanced to mid-February, plans for capturing the atoll called for landings on three of its islands: Engebi, Eniwetok, and Parry.   Arriving off Engebi on February 17, Allied warships commenced bombarding the island while elements of the  2nd Separate Pack Howitzer Battalion and the 104th Field Artillery Battalion landed on adjacent islets (Map). The next morning, the 1st and 2nd Battalions from Colonel John T. Walkers 22nd Marines began landing and moved ashore.   Encountering the enemy, they found that the Japanese had centered their defense in a palm grove in the islands center.   Fighting from spider holes (concealed foxholes) and the underbrush, the Japanese proved difficult to locate.   Supported by the artillery landed the previous day, the Marines succeeded in overwhelming the defenders and secured the island by that afternoon.   The next day was spent eliminating the remaining pockets of resistance. Focus on Eniwetok and Parry With Engebi taken, Watson shifted his focus to Eniwetok.   Following a brief naval bombardment on February 19, the 1st and 3rd Battalions of the 106th Infantry moved towards the beach.   Encountering fierce resistance, the 106th was also hampered by a steep bluff which blocked their advance inland.   This also caused traffic issues on the beach as AmTracs were unable to move forward.   Concerned about the delays, Watson instructed the 106ths commander, Colonel Russell G. Ayers, to press his attack.   Fighting from spider holes and from behind log barriers, the Japanese continued to slow Ayers men.   In an effort to quickly secure the island, Watson directed the 3rd Battalion of the 22nd Marines to land early that afternoon. Hitting the beach, the Marines were quickly engaged and soon bore the brunt of the fight to secure the southern part of Eniwetok.   After pausing for the night, they renewed their attack in the morning and eliminated enemy resistance later in the day.   In the northern part of the island, the Japanese continued to hold out and were not overcome until late on February 21.   The extended fight for Eniwetok compelled Watson to alter his plans for the attack on Parry.   For this part of the operation, the 1st and 2nd Battalions of the 22nd Marines were withdrawn from Engebi while the 3rd Battalion was pulled from Eniwetok.    In an effort to expedite Parrys capture, the island was subjected to an intense naval bombardment on February 22.   Led by the battleships USS Pennsylvania (BB-38) and USS Tennessee (BB-43), Allied warships hit Parry with over 900 tons of shells.   At 9:00 AM, the 1st and 2nd Battalions moved ashore behind a creeping bombardment.   Encountering similar defenses to Engebi and Eniwetok, the Marines steadily advanced and secured the island around 7:30 PM.   Sporadic fighting lasted through the following day as the last Japanese holdouts were eliminated. Aftermath The fighting for Eniwetok Atoll saw Allied forces sustain 348 killed and 866 wounded while the Japanese garrison incurred losses of 3,380 killed and 105 captured.   With key objectives in the Marshalls secured, Nimitzs forces briefly shifted south to aid General Douglas MacArthurs campaign in New Guinea.   This done, plans moved forward for continuing the campaign in the Central Pacific with landings in the Marianas.   Advancing in June, Allied forces won victories at Saipan, Guam, and Tinian as well as a decisive naval triumph at the Philippine Sea.

Leadership Essay Example | Topics and Well Written Essays - 750 words - 3

Leadership - Essay Example A Panic or Choke Moment My panic or choke moment is from a job scenario. It happened during a meeting in my workplace where I was supposed to give a presentation regarding a new project that our company wanted to initiate. That day turned out to be the most provoking and infuriating of my life. Before that time, I had experienced something similar, but this incident was more pronounced and baffling. The meeting was to take at least one hour since I was the only one presenting the project. I wanted to give a perfect presentation so I had to prepare adequately since my first presentation within my department had inadequacies and pitfalls. I had clearly mastered the whole presentation in my mind, but to ensure a sophisticated presentation, I brought along my laptop and projector. The meeting commenced, my boss did the introduction and thereafter called me to take the centre stage. I took centre stage, got ready by setting up my laptop and projector. I was so motivated and enthusiastic s ince I was sure that I had everything under control. However, five minutes into the presentation, a power surge occurred, which tampered with my laptop. The laptop failed to work; I realized that I could not access my presentation from the laptop, suddenly my mine went blank. Although, I had all the information in my mind, without my laptop, I could do nothing. Contending with the Situation After that incident, I resolved to get help in order to avoid an embarrassment like that again. Choking or panicking can be resolved through different methods. When Novotna faltered during her Wimbledon match, it was because she started to think too much about her shots, and thus, losing her fluidity. In my situation, when the power surge occurred, it tampered with my laptop, which had my presentation. I had put all my focus in presenting with the help of my laptop and projector. All I had to do was to give the presentation from my mind instead of thinking that using the laptop was the only in wh ich I possibly present. If I had relied on my mind, I would have easily avoided the stress and presented the project. Forgetting the past is very important, especially forgetting unpleasant incidences. Novotna, remembering her choke at Wimbledon was again culpable at the French Open in 1995. Forgetting disappointments in the past can help to avoid those affecting current events. Finally, it is important not to think too hard. Failure develops when an individual focuses too much on mechanical and technical procedures when carrying out an activity. As in my case, I focused too much on delivering a sophisticated presentation with my laptop and projector. In addition, contending with situations that bring about stress call for experience. Essentially, it means thinking something through with the objective of anticipating what might go wrong. Understanding Stress Reactions Understanding how a person reacts to stress is vital in making that person an effective leader. Emotional intelligen ce refers to the ability to comprehend and manage one’s emotions and of those around them (Vidula et al, 2012: p10). Leaders or team members who have good emotional intelligence normally know their feelings, what it means, and the manner in which this can affect the rest of the team. For a leader, being aware of one’s emotions is vital for success. A leader, who shouts at

Case Study - woman Raped while in coma Example | Topics and Well Written Essays - 500 words

- woman Raped while in coma - Case Study Example Using the RESOLVEDD method, the first item that must be expounded on is the review of the facts. There is a need to know the details of the rape. When was the rape consummated, who were the people or staff in the facility at the time of the rape and was there any staff in particular who was assigned to the woman at that time. Information as to whether there were other visitors of the other patients present at that time need to be determined. The policies of the facility regarding who can enter a patient’s room must be scrutinized too. The second step that must be done is to estimate or specify the problem presented in the case. The major problem in this case is what to do with the baby. Should the baby be aborted or should it be allowed to live? Will the current state of health of the woman permit her to rear a child? If the baby is not aborted, whose responsibility is it to take care of the baby? Another issue to be resolved is whether the facility has a responsibility to tak e care of the baby? There are several solutions that may be considered in this case.

environment is under constant threat as a result of modernisation

environment is under constant threat as a result of modernisation The environment is under constant threat as a result of modernisation, business activities, constant growth and development. All these are human activities that affect the immediate environment. The depletion in natural resources especially by the oil and gas companies such as the Pipeline Product Marketing Company (PPMC) has resulted in serious environmental impacts. Therefore, the need for sustainability and sustainable development cannot be overemphasized as it has become more important over the last two decades (Micheal Lan, 2000; Carbon Trust, 2008; Hahn, 2001; Cunningham et al., 2005). These accounts for the increasing pressure on governments to develop a response to a variety of problems which range from the use of natural resources to pollution control. In response, variety of environmental protection legislation and regulations were formulated with the aim of protecting the environment (Powley, 2004; IEMA 2005). The increase in natural resources consumption between 1961 and 1990 by 25% every 10 years resulted in serious environmental impacts in the form of acid rain. This leads to raising acidity in the soil and water thereby causing damage to forest crops, and freshwater fish and wildlife. Methane emission and mining waste, oil spills, air pollution by sulphur dioxide, nitrogen oxide and carbon dioxide as a result of burnt coal, oil or gas including climate change are also causes of environmental impacts (Micheal Lan, 2000; Edwards, 2000; Jaccard, 2005). PPMC is a subsidiary of the Nigerian National Petroleum Corporation owned by the Federal Republic of Nigeria. The company is involved in oil processing, production and marketing. PPMC was established to offer excellent customer services by transporting crude oil to the Nigerian three refineries as well as moving white petroleum products to existing markets. Its main objective is to profitably and efficiently market refined petroleum and petrochemical products in the domestic market as well as in the ECOWAS sub region and also provide marine services (PPMC, 2009). INVESTMENT PROJECT The PPMCs monitory and inspection department has 36 vehicles, a vehicle in each of the 36 states of Nigeria. The vehicles are used as official cars by staff in order to move in-between their offices, depot and filling stations and monitor and inspect their daily operational activities. Each car covers hundreds of kilometres daily due to the long distance between their office, filling stations as well as depots which are located far out of the city for environmental purpose. Every car consumes approximately 50 litres of petrol per day. However, it is environmentally unfriendly as they pollute the environment with carbon emissions. The company has set a target to drastically reduce or if possible to stop polluting the environment. Therefore, the senior management wants to accomplish a viable project with a length of 4 years, to improve their environmental performance and upgrade its corporate social responsibility. This project is expected to be a non-profit project that could bring ma ny savings to the company and return the initial investment in 3 years in order to avoid risk. The decision of expecting the payback period of 3 years was made by the senior management after careful consideration of the companys payback criteria which is 5yrs. PPMC has a standard of judging all its investments objectively, so as to determine whether the payback period is good or bad thereby passing an objective judgement as to know if the investment is worthy to be taken or not. Reducing or stopping the amount of petrol that is used during their daily activities, will support the company to obtain good corporate image and cost savings as each litre of petrol is N65 (Naira). In addition the company spends an average of N25, 000 monthly for maintenance on every car. PPMC is experiencing a great loss of resources as a result of this high petrol consumption every day there by polluting the natural environment. The vehicles have been used for approximately 6 years which has exceeded its guarantee period of 1 year. They are being used at maximum level as PPMC operates everyday including weekends and public holidays due to their nature of work and huge demand for their supply. The company is currently spending N52, 920,000 annually trying to main tain and fuel the old vehicles. The breakdown of these expenses is shown below: Annual cost of fuel and maintenance (Running cost). This includes running cost of fuel, repairs and monthly checks. Monthly cost of fuel = 50 x 36 x 30 x 65 = N3, 510,000 Annual cost of fuel = N3, 510,000 x 12 = N42, 120,000 Monthly cost of maintenance = N25, 000 x 36 = N900, 000 Annual cost of maintenance = N900, 000 x 12 = N10, 800, 000 Total Annual Expenditure = N42, 120,000 + N10, 800, 000 = N52, 920,000 In order to solve the above mentioned issues, PPMC management have decided to replace the old vehicles with brand new electric cars. These electric cars use neither petrol nor diesel, they have zero emission and their only by product is water. The car is known as Honda FCX Clarity, it is a Fuel Cell Electric Vehicle (FCEV). This vehicle has worn the world green car award, during the 2009 World Cars Awards in Newyork. This award has upgraded Hondas corporate image by exposing its commitment towards a green environment. In addition, Honda already has an excellent history of environmental leadership as they are known to be manufactures of low emission vehicles under an improved regulatory requirement (Honda, 2009). It is rated by the Union of Concerned Scientists (UCS) as the greenest auto maker for four different times in a row (UCS, 2007). The car generates electricity through the V flow fuel cell stack and stores it by the use of its highly efficient lithium ion battery, which helps recover energy. It also monitors electrical flow through its power drive unit and propels the vehicle (Honda, 2009). Honda FCX Clarity has an improved safety measures such as the Vehicle Stability Assist (VSA), Collision Mitigation Braking System (CMBS), six air bags and a unit body structure that is well reinforced. It also has a visual and audio alert which alert the driver in case of any potential collision. Another safety precaution programmed in the vehicle is the prompting of the driver by the automatic tug of the seat belt in case of an unavoidable accident it minimises the speed by breaking force to reduce the impact of collision. Furthermore, it has a very strong electric motor as well as groundbreaking new fuel cell stack. These safety measures have been tested by the United States Federal Safety Standards and it was a success story (Honda, 2009). The purchase of Honda FCX Clarity by PPMC will demonstrate the companys commitment towards the reduction of Co2 emission thereby protecting the environment. The company will also be recognised as the first to introduce zero emission cars to Nige ria and it will serve as a solution that could bring cost savings. Total cost of investment Number of cars to be purchased = 36 cars Cost of each car = N3, 000,000 Total amount to be spent on cars = N3, 00,000 x 36 = N108, 000,000 Cost of delivery (Shipping) = N300, 000 x 36 = N10, 800,000 Total cost of investment = N108, 000,000 + N10, 800,000 = N118, 800,000 Annual savings The investment is expected to save the annual cost of fuel and maintenance; N42, 120,000 + N10, 800, 000 = N52, 920,000 Since the vehicle also comes with a free maintenance package including running cost for 3years 6months in form of a guarantee, as it is a newly introduced vehicle. Honda Company is trying to advertise this environmentally friendly vehicle to the world and attracting customers by covering maintenance and running cost. This is better compared to the guarantee of the old vehicles which is only 1 year. N52, 920,000 will be saved in the first year, while in the subsequent years N1 per litre will be added due to the projected annual oil product price increment. Therefore the total cost of investment will save the annual cost of fuel and maintenance. It is important to note that N65 is the current price of the petrol in Nigeria. Investment appraisal is a technique used by managers to achieve their target. It is the duty of the manager to determine and prove the importance of the project (Akalu, 2001; Mulholland et al., 2003). Therefore, it is important in the planning of this particular environmental project. PAYBACK PERIOD The duration of time for the PPMC to gain its initiated investment of N118, 800,000 on implementation is known as the payback period (Layard Glaister, 1994). The period of time that cash inflows will become the same with cash outflows is also known as the payback period (ACCA, 2008). However, it does not consider time value for money which expresses that, amount saved today is much more valuable than the same amount saved in 2 years. This is considered as one of the greatest setback (Dury, 1997). Initial investment Annual savings Table 1 Payback period   Ã‚                                                            Cash flow                                              Cumulative cash flow Initial Investment                     (118,800,000)                                                (118,800,000) Savings Year 1                                                   52,920,000                                                      (65,880,000) Year 2                                                   42,768,000                                                      (23,112,000) Year 3                                                   43,416,000                                                       20,304,000 Year 4                                                   44,064,000                                                       44,064,000 Total savings                           N183, 168,000 Initial Investment = N118, 800,000 Year 1 and Year 2 savings            =         52,920,000 + 42,768,000 = N95, 688,000 Year 3 = N43, 416,000 In order to calculate the payback period with precision and accuracy, the year 3 savings should be broken down to monthly by dividing it by 12 and then the cumulative savings for year 1 and 2 should be subtracted from the initial investment. The result should then be divided by the monthly savings of year 3 to have the actual number of months (Mclaney, 1994). This is calculated below: Savings per month for year 3 = N43, 416,000/12 = N3, 618,000 N118, 800,000 N95, 688,000 = N23, 112,000/N3, 618,000 = 6.38 Approximately 6 months. Payback period is 2years 6 months   NET PRESENT VALUE (NPV) NPV is realised by using a discount rate to determine the current value of future savings and subtracting the capital cost (Hannagan, 2008). This method accepts with projects that have positive NPV. The method also makes comparison between present value of cash outflows and inflows from an investment (ACCA, 2008). The table below shows the number of years (4), future value (FV), cash flow, discount factor (DF) 15% and the present value (PV). The first step in calculating NPV is to multiply the cash inflow (savings) by the DF of each year to get the PV. Then, sum up the PV and deduct the initial investment from the total PV to arrive at the NPV (Mclaney, 1994). 15% DF was selected not to make profit but to avoid risk; it was selected after considering the current base rate of the Central Bank Nigeria which is 13.2% as the base rate keeps appreciating every year (CBN, 2009). Inflation rate in Nigeria increases, therefore oil product price will also appreciate. Table 2 NPV calculation   Ã‚                                                        CF in Naira (N)                DF (15%)                PV in Naira (N) Initial investment                      (118,800,000)             1.000                            (118,800,000) Savings Year 1                                                    52,920,000                                    0.870                               46,040,000 Year2                                                      42,768,000                                  0.756                               32,333,000 Year 3                                                    43,416,000                                  0.658                               28,568,000 Year 4                                                    44,064,000                                    0.572                            25,205,000 Total savings                                 183,168,000                                                                            132,146,000 NPV = Total PV of savings PV of investment N132, 146,000 N118, 800,000 = 13,346,000 The project has a positive NPV as such it should be undertaken. INTERNAL RATE OF RETURN (IRR) IRR is a very important technique that influences the decision making as to whether or not an investment should be approved. It is interested in projects whose IRR are greater than the target rate of return. It also considers time value for money (ACCA, 2008). In order to have precision in calculating the IRR similar steps will be taken as how the NPV was sorted. However, it will require calculations at two different stages (NPV1 and NPV2) with two different DFs and normally both DFs should be greater than the DF used to determine the NPV. Finally the IRR formula will then be applied. IRR = NPV1 x (B A) + A NPV1 NPV2 Table 3: IRR calculation Years                           Cash Flows                DF (at 18%)                   PV Year 0                           (118,800,000)                      1.000                         (N118, 800 Initial investme-+nt) Year 1                               52,920,000                            0.847                                     44,823,000 Year 2                               42,768,000                              0.718                               30,707,000 Year 3                            43,416,000                            0.609                                     26,440,000 Year 4                               44,064,000                              0.516                               22,737,000 Total savings             183,168,000                                                                      124,707,000 NPV1 = 124, 707,000 118, 800,000 = + 5, 907,000 Table 4:  Ã‚                                 Years Cash flow                               DF (at23%)          PV Year 0                  (118,800,000)                                     1.000                                     (118,800,000) Year 1                                             52,920,000                                          0.813                                        43,024,000 Year 2                                             42,768,000                                          0.661                                          28,270,000 Year 3                                             43,416,000                                          0.537                                          23,314,000 Year 4                                             44,064,000                                          0.437                                          19,256,000 Total savings                         183,168,000                                                                                              113,864,000 NPV2 =      113,864,000 118,800,000 = 4,936,000 IRR calculation:                           Ã‚   5907  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  x (23 18) + 18   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  5907 (- 4936)   Ã‚                                                                                   IRR=20.7% NON FINANCIAL FACTORS The key purpose of an environmental initiative according to Sheldon and Yoxon (2003) is to reduce environmental impacts of an organisation in ways which makes business sense. The direct result of this provides organisations with benefits which include the use of alternative source of energy to increase in an organisations efficiency, thus providing the organisation with a competitive edge. In addition, it ensures compliance with environmental regulations and increases organisation understands of how its activities impact the environment (Brady, 2006). PPMC has a lot to benefit apart from the financial savings. The organisation will be contributing its own quota towards achieving sustainability. This will result in environmental performance improvement through the initiative of purchasing brand new cars to reduce or stop carbon emissions. The initiative will reduce pollution, minimise waste, protect the natural environment and provide better corporate social responsibility as well as good corporate image to the organisation. Furthermore, status of the companys reputation will be upgraded as it is encouraging green environment and legal compliance (Aslaksen Synnedstvedt, 2003). It will also assists in the implementation of environmental policy, while improving compliance with legislation and corporate image (Sheldon Yoxon, 2003). Moreover, PPMC will demonstrate good operations within a safe and clean environment thereby creating a friendly environment for staff and the public (Edward, 2004). This will help sort out social matters and improve health and safety. Since, the electric cars have a highly improved safety measures that could provide ways of pollution control to protect the people and their environment (Edward, 2004). The company could also benefit from changes within the organisation, by delivering this environmental initiative that deals with environmental impacts such as climate change and global warming caused by their emissions (Murray, 2003). In addition, it will support the company to identify and minimise its impacts on the environment so as to enhance its corporate social responsibilities through the use of an alternative source of energy. This will not only promote their business environment but will promote the global environment at large. Purchasing the zero emission vehicles will pave way for the organisation to achieve sustainable development since it is a strategy that could consider maximum utility of resources. In addition, the project is not aimed at profit making but returning of initial investment. SUGGESTIONS/DISCUSSIONS AND CONCLUSION. The rate of interest at which the investment cost leads to investment benefit is known as the IRR. This means that, all investment gains are with the time value for money and at the interest rate, the investment has a zero NPV (ACCA, 2008). This investment appraisal has demonstrated the use of IRR to value the cash flow and raise it as a consequence of the investment while determining it with inflation (ACCA, 2008). For example, a higher target rate of return was chosen, so that even in a situation where the inflation rate rises the company will still save cost. Interest rate may rise to 15% during the life time of the project due to the increasing inflation rate in Nigeria, as history has shown that Nigerian base rate rises up to 0.45 every year. Therefore, risk is incorporated and the project is considered less risky. The IRR is 20.7%, this has shown a very good risk margin considering the Nigerian economic instability. Furthermore, the advantage of the IRR being 20.7% is that, eve n if the interest rate increases the project will still be economically good. Base rate of the Central Bank of Nigeria was used to determine the cost of capital and calculate the initial NPV. The base rate was also used to incorporate inflation by discounting cash flows to get the future value. Inflation changes value for money, this is the main reason for using the base rate in determining the discount factor for the NPV calculation. Two discount rates were used to solve the equation of IRR which assumes that NPV changes with discount rate but this is not the case in reality. The positive result of the NPV means that the project should be accepted and the chosen discount rate of 15% helped identify the actual value of the savings to be made, based on the fact that the project is anticipated to make an overall savings. However, the actual value of IRR is more important as it considers the current economic climate and the future interest rate of Nigeria. The result has shown that the IRR is higher than the target rate of return. It is important to note that, ba se rate is used to determine NPV not IRR while IRR assumes that NPV is zero. The savings to be realised by PPMC as a result of the new initiative as well as the indication of an attractive Payback period upon investment is clearly exposed. Payback period 2 years 6 months is a good payback period since, the criteria requires payback of the initial investment in 5yrs. Hence, it would have been a bad payback period if it exceeds 5years. Furthermore, PBP was used to support other data because it is not enough to serve as criteria for investment. The company will continue to benefit from the project for years even after returning the initial investment. PPMC could consider using a different discount rate for this project since it is aimed at executing an environmental project and not profit making. This appraisal has been thoroughly evaluated and has proven that the investment is reasonable (Mclaney, 1994). Since, the company will spend only N65, 880,000 more on the annual maintenance cost (52, 920,000) and save N52, 920,000 in the first year and more in the subse quent years at the same time stopping the carbon emissions from the old cars. In addition, it is a mandatory for the company to meet up the governments requirement to reduce environmental impact and comply with the prevailing legislation. If the organisation was not to invest in this project the money would have been channelled to the federation account and budgeted to execute other projects in other sectors or Nigerian ministries. However, PPMC has the authority to use any reasonable amount to improve its environmental performance or execute any viable project that will be beneficial to the organisation. Finally, the calculation resulted in a less discount rate where NPV1 became positive and a greater discount rate where NPV2 remain negative and IRR fell in between the two discount factors (ACCA, 2008). The 3 investment appraisal techniques were fully utilised to determine the projects viability. This has proven that the project is economically viable (Mclaney, 1994). In view of this, the investment appraisal is affordable and worthy of acceptance. Moreover, the purchase of the electric cars is the best option, as it will not only reduce carbon emissions but will stop the emissions from the old vehicles completely, thereby upgrading the companys image as well as enhancing its overall environmental performance.

Myths that Hide the American Indian Essay

Nearly everyone in this world is guilty of stereotyping against a certain race, religion, ethnic group, nationality, etc. One of those groups that are stereotyped is the Native Americans. Ever since the Europeans â€Å"discovered† the New World, there have myths about the Native Americans that lead to this stereotyping. In the essay, â€Å"Myths That Hide the American Indian† by Oliver La Farge, many of those myths are brought up. Due to these myths about the Native Americans, people’s views, past and present, of who and what they are have become extremely distorted, or essentially hiding the Native Americans from white people. One of the many myths that the Europeans created about the Native Americans is that they are bloodthirsty, ruthless savages. Oliver La Farge does a good job in his essay of discounting this myth by giving multiple examples of how most groups of Native Americans were a peaceful group of people that just were not quite as well developed socially, economically, technologically, etc. as the Europeans. Because of this lack of development on behalf of the Native Americans, the Europeans looked at the Native Americans as uncivilized savages. The reason that this myth was even created was to justify the slaughtering of thousands of Native Americans at the hands of the Europeans, with the justification being that they were inferior beings, which is another myth brought up. Once the Europeans had conquered the Native Americans, this myth was altered, now proclaiming that the Native Americans were drunken, lazy good-for-nothings. La Farge also discounts this part of the myth in his essay. Going back to the point of the Europeans thinking they were superior a superior race when being compared to the Native Americans, that would happen in any situation if the circumstances were similar because it is human nature to believe that if one race able to conquer another race, then they will believe they are superior. This is one of the continuing myths that have hid the Native Americans from white people. Another one of the myths that plagued the Native Americans is that the early European settlers tended to assume that all or most of the Native Americans had one culture and that they were all at about the same stage of development. This myth could not be further from the truth. â€Å"The tribes and nations that occupied North America varied enormously, and their condition was anything but static† (pg. 7). The cultures of the Native Americans were like snowflakes; no two were alike. Many different types of cultures are described in detail in the essay, proving that the myth is completely wrong. Each tribe of Native Americans had a culture that, while considered backwards and wrong by the Europeans, was unique. This myth helped to hide the Native Americans from white settlers because if the whites got to know the culture of one tribe, they would just assume that all of the other tribes had identical cultures. If that culture they learned had some barbaric practices, like the Aztecs sacrificing men by tearing out their hearts, they would assume that all tribes did that and further prove the myth that Native Americans were savages. That is how this myth hid the Native Americans from white people. The first myth that was ever started about the Native Americans is the Noble Red Man or Child of Nature myth. What this myth is about is the Europeans considered the Native Americans to be children of nature. Also, it â€Å"credited the Indian with either a penchant for flowery but dull oratory or an inability to communicate beyond ‘Ugh’ and grunts† (pg. 4). This myth puts the Native Americans on the same level as an animal. If the Europeans thought the Native Americans were that ignorant, then it is no wonder why they thought that they were a superior race. The Native Americans became hidden by this myth because it is so completely false and completely misrepresents them as a whole because they had developed languages and could communicate with one another. Myths about Native Americans have, and will continue to be a cause of people stereotyping them. Because of the stereotyping, most people will never know the truth about Native Americans and they will remain hidden from white people. This stereotyping has gone so far that today, Native Americans will get dressed up for tourists in a costumes and put on war dances just to please tourists who believe in the myth because if they did not, the tourists would question the legitimacy of them. That is how myths of the Native Americans have hid them.