WACC = Ke x (E/V) + Kd x (1 - T)
Ke = Cost of equity
Kd = Cost of debt
E = Equity (e.g. total amount of share outstanding)
D = Debt (interest-bear debt)
V = E+D
T = Corporate tax rate
Ke = Rf + Risk Premium x Beta
CAPM model adopted
Rf = Risk free return (treasury bill, government bond)
Risk Premium = Rm (Market return) - Rf
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