M I N I C A S E THE POWER TO COOL OFF IN FLORIDAThe Indiantown Cogeneration Project involved the constructionand operation of a coal-fired plant in MartinCounty, Florida, that produces electricity and steam. Thecapital cost (including interest during construction) wasapproximately $770 million. Since completion, it has anelectric generating capacity of 330 megawatts (net) and asteam capacity of 175,000 pounds per hour. The projectsells the electric power to Florida Power & Light Company(FPL) under a 30-year contract and the steam to CaulkinsIndiantown Citrus Company under a 15-year contract.FPL’s electricity payments have two parts: one for electriccapacity and the other for the electric energy that itreceives.The project’s financing consisted of $630 million of30-year 9% APR interest rate debt and $140 million ofequity. The debt requires equal annual sinking fund paymentsof $31.5 million beginning in year 11.Depreciation is straight line to zero over 20 years. The taxrate is 40%. Other information about the projectincludes:QUESTIONS1. Estimate the project’s CFATs for each of the 30 years.2. Using a 7.15% cost of capital, and assuming a zerosalvage value, calculate the project’s NPV and IRR.3. The debt was issued a year before the project wascompleted. Calculate the interest coverage ratio andcash-flow coverage ratio for each of years 10 (the firstyear of the sinking fund, year 11 of the debt)through 20.4. Will the project be able to meet its annual debt serviceobligations?OUTPUT/INPUTElectricity 2,500,000 megawatt-hours per yearSteam 525,000,000 pounds per yearCoal consumption 1,000,000 tons per yearPRICES IN YEAR 1, AND ANNUAL ESCALATION RATES (IN PARENTHESES)Electric capacity payment $375,000.00 per megawatt (1% per year)Electric energy payment 24.00 per megawatt-hour (4% per year)Steam price 0.20 per thousand pounds (7% per year)Coal price 29.00 per ton (4.5% per year)FIRST-YEAR OPERATING COSTS AND ANNUAL ESCALATION RATESFuel delivery and waste disposal $20 per ton of coal (4.5% per year)Operations and maintenance $15 million (3% per year)Other operating expenses $15 million (3% per year)ISBN: 0-536-42875-1Corporate

ou have returned from your academy training, and you have just been assigned your first case. John McMahon is a 25-year-old man who was recently convicted of possession of cocaine. He was sentenced to 2 years in prison, suspended on the condition that he serves 2 years on probation. Special conditions of probation include payment of a $500 fine, completion of any drug treatment program directed by the probation officer, and random drug testing as directed by the probation officer. During your initial interview with Mr. McMahon, you learn that he has a number of friends who are involved in the criminal justice system, and he has a history of alcohol and cocaine dependence that began when he was 17 years old. His drug abuse resulted in his failure to complete high school (he dropped out during his senior year), and he has never had any form of drug treatment. Mr. McMahon also reported that his father is an abusive alcoholic who has on occasion been physically abusive to his mother. To Mr. McMahon’s credit, he has maintained a job working as a laborer in the construction industry, where he works about 30 hours per week. He scores out as a moderate risk offender using the in-house risk assessment instrument. With this in mind, address the following in a Word document that is 750–900 words in length:

Create a document outlining the conditions of probation that Mr. McMahon must follow that includes standard conditions as well as the special conditions imposed by the court. Be sure to include identifying information as well as the sentencing information on this form.

Write a memo to your supervisor outlining how you plan to supervise Mr. McMahon. Outline how often you plan to have contact with him, what form of contact you will have (telephone, face-to-face in the office, face-to-face in the community at his job site or residence, etc.), and how frequently you will administer drug tests. What other interventions or resources will you allocate to this case? Be sure to align your response with evidence-based practices, and provide sound reasoning for your proposed plan of action in this case.

Please submit your assignment.

For assistance with your assignment, please use your text, Web resources, and all course materials.