Find out weighted average cost of capital, Financial Management

Assignment Help:

The Beta Corporation has an optimal debt ratio of 40%. Its cost of equity capital is 12% and its before-tax borrowing rate is 8%.  Given a marginal tax rate of 35%, calculate

(1) The weighted-average cost of capital and,

(2) The cost of equity for an equivalent all-equity financed firm.

Solution: 

(1) K = (1 - .40).12 + (.40).08(1 - .35)      

      = .0928 or 9.28% 

(2) A weighted-average cost of capital of 9.28% for a levered firm implies:       

K =.0928 = Ku (1-(.35)(.40)).  Solving for Ku yields .1079 or 10.79%.


Related Discussions:- Find out weighted average cost of capital

What is traded investments, Traded investments The term traded investme...

Traded investments The term traded investment refers to the buy of an investment asset which is traded in the financial markets. Instance includes government and ordinary share

Decision making, Write a report to the Board of Directors of Solvent Ltd to...

Write a report to the Board of Directors of Solvent Ltd to analyse the performance of companies X and Y and to give recommendation as which of those two investment opportunities is

Assignment, Hi, what is your time limits on providing solutions

Hi, what is your time limits on providing solutions

Example on walters dividend model, Q. Example on Walters dividend model? ...

Q. Example on Walters dividend model? Example: - The following information is obtainable in respect of a firm: Capitalisation Rate (Ke)                     = 10% Earning

NPV, 2.5. Västerås Corporation plans to buy a truck for $40,000 and depreci...

2.5. Västerås Corporation plans to buy a truck for $40,000 and depreciate it fully over 5 years using straight-line method of depreciation. However, it plans to use it for 8 years

Explain speculator - market participants, Explain Speculator - Market Parti...

Explain Speculator - Market Participants A speculator attempts to profit from a modification in the futures price. For doing this, the speculator will take a long or short posi

Types of government stocks, Types of Government Stocks Issue of Stock t...

Types of Government Stocks Issue of Stock through AuctionThe RBI, on behalf of the government, issues notification to auction government securities, stating the amount and time

Process of securitization, Steps involved in the Process of S...

Steps involved in the Process of Securitization The following are the major steps involved: The lender (also called the originator) - in th

Operating cycle, how to write a vegetation operating cycle

how to write a vegetation operating cycle

Net income that the company distributes to shareholders, The dividend is th...

The dividend is the part of the net income that the company distributes to shareholders. As the dividend represents real money, the net income is also real money. Is that true?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd