ironmentalists, and architecture) for operations at our firm. The high underemployment in Central America is an advantage to the financial costs of labor for our firm. Because there is such a large supply of potential additions to the labor force, our firm does not intend to pay a premium for both skilled, and unskilled worker. We plan to undercut the average unskilled labor wage of $2.12/ hour in Central America by 15%, at $1.80 / hour. The choice here is twofold- lower labor costs/ unit, and overall, more attractive employee benefits package than the current labor market can offer in Central America. Because of the lack of pension benefits programs in Central America, our firm plans to structure an appealing pension benefit program for employees, who will be 100%, vested in the program after 9 years of employment. Market share and future economic growth portrays the ultimate goals of our joint venture into providing hydroelectric power to Central American residents. Our proposed joint venture is with a multinational commercial bank, the Central American bank for Economic Integration, or CABEI. CABEI's core competency is providing the financial means for integration and development of Central American countries. Energy, infrastructure and social development are the three main categories CABEI looks to improve the economic quality of Central America. We propose selling CABEI a 43% interest in our corporation. This would reduce our bond financing from $103.33 billion to $58.91 billion. The projected initial costs for our 57% stake in our firm would be $109.79 billion. To finance this substantial level of initial capital, we would stage an initial public offering (IPO) in the U.S. primary market of 24% of our 57% stake in our firm. Percentage wise, our firm would still be the majority shareholder of the firm, at 43.32% stake in the company (slightly above CABEI stake of 43%). $83.44 billion would need to...
