问题如下:
HTA Company has financed an asset of $100 million with 60% equity and 40% debt. The company is expected to raise additional capital. Here is some information about the schedule for the costs of equity and debt.
If the firm wants to finance total assets of $200 million, the marginal cost of capital will be?
选项:
A.6.28%.
B.5.28%.
C.5.68%.
解释:
C is correct.
The firm will need to raise $100 million in additional capital. Recall that the target capital structure of 60% equity, 40% debt, so the firm will need to raise $60 million in new equity and $40 in new debt. According to the capital schedule, the marginal cost of capital at that point will be (0.4 x 3.7%) + (0.6 x 7.0%) = 5.68%.
老师,表格里面的融资成本是不包括原来的100million资金的吗?