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- 2011-7-11
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You wouldn't use 18% for the first part because CAPM asks for expected return on market, which is stated at 11%.
Since it is stated that the cost to raise equity for the firm is 18%, this goes into the WACC. Still not sure about the "beyond retained earnings break even point".
Hope this helps. |
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发表于 2011-7-11 17:39
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