kd26gioi

WACC measures the cost oppurtunity a firm forgo to invest capital in its project, this is usually retrospective. so when you calculate it, you are using the current/cumulative data for the capital is raised internally from Bailey's own fund. If Baileys were to raise equity from the market in the future, WACC would be different because 14% ke is the oppurtunity cost of baileys own fund, where 18% ke is the cost of capital paid out to new equity owners.