NO.PZ202309050700000101
问题如下：
The WACC of the unleveraged firm, prior to the debt issue, is closest to:
选项：
A.4.00%.
9.33%.
13.33%.
解释：
B is correct. The after-tax cash flows for the company are $6 million × (1 – 0.30) = $4.2 million. Since the cash flows are assumed to be perpetual, WACC is calculated as follows:
rWACC = CF(1 – t)/V = $4.2/$45 = 9.33%.
Since this is an all-equity firm, the cost of equity is equal to WACC.
45不用减cost of financial distress 0.5吗
