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THATS

WACC
WEIGHTED AVERAGE COST OF CAPITAL

h3p://lowres.cartoonstock.com/-government_bond-government_stock-gilt-investment-greece-grin1699_low.jpg

US vs. Germany

h3p://cdn.staOc-economist.com/sites/default/les/images/2014/03/blogs/bu3onwood039s-notebook/
20140315_woc501.png

US 10 year rate

h3p://3.bp.blogspot.com/-ll1AsJ5ce-0/UVSHcQx1CbI/AAAAAAAAAaE/35sOM1H3hnM/s1600/risk+free+rate.jpg

CAPM

h3p://i.investopedia.com/inv/arOcles/site/CT_CAPM_formula_r.gif

WACC

h3p://www.o-the-recordmessaging.com/wp-content/uploads/2011/09/WACC1.png

WACC & VALUE

h3p://www.treasurers.org/system/les/
images/costcapitalchart_bi.jpg

Capital Structure

h3p://3.bp.blogspot.com/-Zt_uqyrhpVI/TpfqyZWgkhI/AAAAAAAAAE0/
TRvUAQsQa8A/s1600/IDEAL+FINANCING+OPTIONS.jpg

Equity Capital Markets

h3p://3.bp.blogspot.com/-Zt_uqyrhpVI/TpfqyZWgkhI/AAAAAAAAAE0/
TRvUAQsQa8A/s1600/IDEAL+FINANCING+OPTIONS.jpg

Debt Capital Markets

h3p://www.bni.co.mz/media/11963/debt_capital_markets_graph.gif

US Securitization

h3p://3.bp.blogspot.com/-RAr-Uv0nicI/UPtalwIYJqI/AAAAAAAAAWk/6uLITV3vhyk/s1600/image002.png

Bond Spreads

h3p://www.thestreet.com/tsc/common/images/storyimages/0813_corpbondsprd_big.gif

Capital Gearing

h3p://www.abolishhumanrentals.org/wp-content/uploads/2010/03/
humanleverage.jpg

Capital Gearing & WACC

h3p://www.acowtancy.com/media/image/f1115

Corporate Tax Rate

h3p://dailysignal.com/wp-content/uploads/corporatetax.jpg

WACC

h3p://www.o-the-recordmessaging.com/wp-content/uploads/2011/09/WACC1.png

HIGHEST

LOWEST

h3p://pages.stern.nyu.edu/~adamodar/New_Home_Page/datale/wacc.htm

Model Walkthrough

Lets use 10K / MorningStar etc for basics. Heres a link to a


sample calcula=on:
h3p://www.stern.nyu.edu/~adamodar/pc/datasets/wacc.xls

Also, a good resource:

h3p://thatswacc.com

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