Chapter_11Risk, Cost of Capital,and Capital Budgeting(公司理财-四川大学,战松).pdf

Chapter 11 z s o n g @ s c Risk, Cost of Capital, u . e d u . c and Capital Budgeting n 11-0 PDF 文件使用 pdfFactory Pro 试用版本创建 洀| Chapter Outline The Cost of Capital: Some Preliminaries z s The Cost of Equity o n g @ The Costs of Debt and Preferred Stock s c u . The Weighted Average Cost of Capital e d u . c Divisional and Project Costs of Capital n Flotation Costs and the Weighted Average Cost of Capital 11-1 PDF 文件使用 pdfFactory Pro 试用版本创建 洀| Why Cost of Capital Is Important We know that the return earned on assets z depends on the risk of those assets s o n The return to an investor is the same as g @ s the cost to the company c u . e Our cost of capital provides us with an d u . c indication of how the market views the risk n of our assets Knowing our cost of capital can also help us determine our required return for capital budgeting projects 11-2 PDF 文件使用 pdfFactory Pro 试用版本创建 洀|