问题如下:
Company M, a pharmaceutical corporation, is going to expand its market to a foreign country. The company is in the 25% tax bracket. Matt, CFA, is evaluating the expansion project and collecting relevant information in the following exhibit. What’s the weighted average cost of capital for Company M?
选项:
A. 13.125%
B. 12.75%
C. 13.5%
解释:
B is correct.
考点:Risk Analysis
解析:根据公式WACC = wd*rd*(1-T)+we*re,其中wd和we是以市场价值为权重而非账面价值。
WACC = 30%*10%*(1-25%)+70%*15% = 12.75%
WACC不是应该按照目标资本权重吗?为什么要按照MV啊?这个知识点在什么地方?