Exhibit 3.27 Nojiri Pharmaceutical Industries Income Statements (amounts in millions) (Problem 3.28) Year Ended March 31: Year 4 Year 3 Year 2 ¥ 41,352 (27,667) (13,396) (338) ¥ 41,926 (27,850) (15,243) V 44,226 (28,966) Sales Cost of goods sold Selling and administrative expenses Interest expense Income tax expense (15,283) (368) (364) (1,823) 443 34 Net Income ¥ (1,872) * (1,088) (357)

Discuss the importance of reporting the transactions of cash flows in the correct period for a cash based business.

Below you can find the problem I need you to solve. As you will notice is similar to the one I sent you before. The only difference is the in this case the WACC must be used to calculate the present value for the previously calculated cash flows. Please use Excel to make all the calculations so I can check what you did and the process. If you could finish this by the 15 it would be great because I can correct this and send the approval to the Registrar before leaving on the 16th. Feel free to contact me if you have any questions or problems when solving it. PROBLEM Your company is contemplating replacing their current fleet of delivery vehicles with Nissan NV vans. You will be replacing 5 fully depreciated vans, which you think you can sell for $4,100 each and which you could probably use for another 2 years if you chose not to replace them. The NV vans will cost $40,000 each in the configuration you want them and can be depreciated using MACRS over a 5-year life, but you are unable to…

Create a cash-flow statement. Make sure all three areas (operating, investment, and Financing activities) are included