Cost of Equity (ke) 37.

43%

Cost of Debt(kd) 28.00%

Marginal Tax Rate (t) 21.25%

Debt Percentage(wd) 57.20%

Equity Percentage(we) 42.80%

Numerator Denominator Value

Return/debt 3,634,932 12,979,690 28.00%
Return /Equity 3,634,932 9,710,129 37.43%
Tax/Ebit 981,100 4,616,032 21.25%
Debt/(Debt+Equity) 12,979,690 22,689,819 57.20%
Equity/(Debt+equity) 9,710,129 22,689,819 42.80%

Income Statement in ('000)

Sales Revenue 36,765,478

less :COGS 25,734,986
Gross Profit 11,030,492

Operating Expenses 6,397,883 37,940

Operating Income (Gross Profit -
Operating Expenses) 4,632,609 -15,545
Non Operating Income -16,577 -38,720
EBIT (Operating Income + Non
Operating Income) 4,616,032 -252
Income Tax Expense 981,100 -16,577

PAT 3,634,932
4,616,032
0.212542
Wacc = ke*we + kd*(1-t)*wd

ke*we T =1-t Kd*Wd*T

Percentage 16.02% 78.75% 12.62%
WACC 28.64%

Balance Sheet

Current Assets 12,097,289

Non Current Assets 10,592,601
Total Assets 22,689,890

Current Liabilities 9,824,279

Non Current Liabilities 3,155,411 7,081,855

Total Liabilities 12,979,690 22,689,890

29,771,745
Common Stock 2,962,335
Accumulated other
comprehensive loss -1,094,784
Retained Earnings 7,081,855 1,095,026
Non Controlling Interest 760,723 3,516,399
Total Equity 9,710,129 -1,649,090
Total Debt 12,979,690 2,962,335
Total Equity + Debt 22,689,819
 -252 1,095,026
37,940 3,516,399
-15,545 -1,649,090
-38720 2,962,335
-16,577
7,081,855
-1,094,784
5,987,071

8,949,406