问题已解决
老師,第5題中第1問的D怎么列公式的呢
FAILED



你好
假設(shè)D=X
則E=X+1500
債務(wù)稅后資本成本=8%*(1-25%)=6%
加權(quán)資本成本=1500*6%/(X+1500)+X*16%/(X+1500)=13.09%
則1500*6%+X*16%=13.09%*(X+1500)=13.09%X+196.35
X*16%-13.09%=196.35-90
2.91%X=106.35
X=3654.64
2023 07/17 14:44

wu老師 

2023 07/17 14:53
如果要算出你圖片中的數(shù)字,它用的是凈利潤/權(quán)益資本成本=股權(quán)價值
凈利潤=(900-1500*8%)*(1-25%)=585
股權(quán)價值=585/16%=3656.25
