continued 课堂案例分析付论 7:百事可乐公司的资本成本 剥外经价贫多方房 YO年NEB证事00003
...continued continued 7：百事可乐公司的资本成本
3.Marginal Cost of Capital Marginal Cost of Capital the firm's weighted average cost of capital associated with its next dollar of total new financing O Computation procedure Step 1:Calculate the cost of capital for each individual component Step 2:Calculate breakeven point(X):the level of total new financing at which the cost of one of the financing components rise X=Amount of low cost funds available for each source/ Proportion of source in target Capital Structure Step 3:Calculate the weighted marginal cost of capital 消补经价货多方是 超直O年N0l到8药0000习
3. Marginal Cost of Capital z Marginal Cost of Capital – the firm’s weighted average cost of capital associated with its next dollar of total new financing z Computation procedure – Step 1: Calculate the cost of capital for each individual component – Step 2: Calculate breakeven point(X): the level of total new financing at which the cost of one of the financing components rise X = Amount of low cost funds available for each source/ Proportion of source in target Capital S tructure – Step 3: Calculate the weighted marginal cost of capital
Chapter 8 Capital Budgeting and Cash Flow Analysis 渊补经价货多方居 YO年NEB证事00003
Chapter 8 Chapter 8 Capital Budgeting and Cash Flow Analysis
Introduction 1.Key terms and concepts in capital budgeting 2.Basic framework for capital budgeting 3.Generating capital investment project proposals 4.Calculation of cash flow 渊外经价货多方是 YO年NEB证事00003
Introduction Introduction 1. Key terms and concepts in capital budgeting 2. Basic framework for capital budgeting 3. Generating capital investment project proposals 4. Calculation of cash flow
1.Key terms and concepts in capital budgeting ●Capital budgeting the process of planning for purchases of assets whose returns are expected to continue beyond one year O Capital expenditure A cash outlay expected to generate a flow of future cash benefits for more than a year Classification of projects Independent:Acceptance or rejection has no effect on other projects Mutually Exclusive:Acceptance of one automatically rejects the others Contingent:Acceptance of one project is dependent upon the selection of another. 州补楂价货是方居 超直O年N0l到8证事0000习
15 1. Key terms and concepts in capital budgeting z Capital budgeting – the process of planning for purchases of assets whose returns are expected to continue beyond one year z Capital expenditure – A cash outlay expected to generate a flow of future cash benefits for more than a year z Classification of projects – Independent: Acceptance or rejection has no effect on other projects – Mutually Exclusive: Acceptance of one automatically rejects the others – Contingent: Acceptance of one project is dependent upon the selection of another