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  • Tarea FINANZAS

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    Margaret Gonzalez
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    This document calculates the weighted average cost of capital (WACC) for a company with the following capital structure: 1) Existing common stock with a cost of capital of 15% 2) Preferred stock with a cost of capital of 10.41% 3) 600 new common shares with a cost of capital of 16.42% 4) Retained earnings with a cost of capital equal to the existing common stock of 15% The calculated WACC is 13.195%

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    This document calculates the weighted average cost of capital (WACC) for a company with the following capital structure: 1) Existing common stock with a cost of capital of 15% 2) Preferred stock with a cost of capital of 10.41% 3) 600 new common shares with a cost of capital of 16.42% 4) Retained earnings with a cost of capital equal to the existing common stock of 15% The calculated WACC is 13.195%

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    © All Rights Reserved
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    10 views2 pages

    Tarea FINANZAS

    Uploaded by

    Margaret Gonzalez
    This document calculates the weighted average cost of capital (WACC) for a company with the following capital structure: 1) Existing common stock with a cost of capital of 15% 2) Preferred stock with a cost of capital of 10.41% 3) 600 new common shares with a cost of capital of 16.42% 4) Retained earnings with a cost of capital equal to the existing common stock of 15% The calculated WACC is 13.195%

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    © All Rights Reserved
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    of 2

    Trabajo de finanzas

    Richard Garcia C.I: 24.090.861

    1) Acciones ordinarias existentes


    𝐷
    Ks = +𝑔 D1= 8 Vn= 80
    𝑉𝑛
    8
    Ks= + 0,05 = 0,15 = 15%
    80

    2) Calcular costo de capital acciones preferentes

    Vn= 75 Nd = 50 – 2 = 48
    𝐷 5
    Cf= 2 Kd = = = 0,1041 = 10,41%
    𝑁𝑑 48
    D= 5

    3) Calcular costo de capital nuevas acciones ordinarias, 600


    nuevas acciones ordinarias

    Vn= 75 Nd = Vn – Cf = 70
    𝐷 8
    Cf= 2 Kd = +g = + 0,05 = 0,1642 = 16,42%
    𝑁𝑑 70
    D= 5
    g = 5%

    Utilidad Retenida → 𝐾𝑟 = 𝐾𝑠 → 𝐾𝑟 = 15%


    Monto totales
    113.000
    Mi = = 113 × 975 = 110.175
    1.000

    Ms = 4000 × 80 = 320.000
    Mp = 500 × 48 = 24.000
    Mn = 600 × 70 = 42.000
    Mr = 10.000
    Mt = 506.175

    110.175
    Wi = = 0,21766 = 21,766%
    506.175
    320.000
    Ws = = 0,63219 = 63,219%
    506.175
    24.000
    Wp= = 0,04741 = 4,741%
    506.175
    42.000
    Wn= = 0,08297 = 8,297%
    506.175
    10.000
    Wr = = 0,01975 = 1,975%
    506.175

    Wacc = (0,15 x 0,6321) + (10,41 x 0,0474) + (0,071 x 0,2176) +


    (0,1642 x 0,0829) + (0,15 x 0,0197) = 0,13195 → 13,195%

    Monto total repartido 2017


    4.000 × 6,935 = 27.740

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