Ex4: Wace = word (4-TC) + WERE. ei gan 2 (44% x0.t) (4% 20.95) (A- 30% ).4 (MH fe x 0.05) = 0.9664 Ex dd: a. Ves Sbmillin Vp 2 $5.40 2 43S =) Wo ABS 0.74 AZS +Sb We 2. SS — = 0229 AbS + % b. Ves 13x82 $84 million A'22 = wr Up = IS« OTe + SD x MRA 2 As6.aS Wp 2 2A rf need? OAS xt 2d «Ral : CAS AS 4 B95 4 Wop a 5 2584 NOs te Ks, ABCA 41.584 Ex sg te, Use a. EE eh ae c } . ot (4s Bicte A : A. Annual Cp = 4.000 146‘ = 40M Aer 6. carruct pia = 4000. x =e = 3t0 0 ’ _ PV a bords=s oa 4 ee me Ee = ae a Gar)? AN f e wy ee Bhs LYTM = 8.639 ocx 252 F, g et adi tone hpi lA . wh - #08 “h mohas “138% x ee AP aq : ” v Scanned with CamScanner8. Annual ep = d000.% S/o = sD 136,490, 000 A36 14,000 aif 8, BxaS og ee Sean a. Vag bend = ADSO = 3.2 x A “Tan? + 4006 Q : Useye? 2-72 2.395 currant pri = A000 x d0¥ “fh = A0s0 4 A-——=n 4000 5 40K 2 40% Cate) Tarn = pee 3. Art 7 ae ee 000 JM aqbend = 40% “" Carsaan)™ + eee 3, ME (as 3. ash) = A, 080+ 0S YIM = 6.8% Rp after tax = 6.3% (A-3S%e) = F604 %o Morlet value As 85m x 9th =. Stra $2,480,000 _ —— B= Om £ ADR A = ADE HB OOD. 454,000,000 =) WACC = (24200 x 443%) + [B1000; 000 yg, 4*h) YIM = 5.49% hp 2 5.49 /o (A - 38h) eo $463" Marlar value of cbt =. 0£0.x 10.000'= | AQ, £00,000 ‘a RA + Rrtix Rom x RS Bittle + Add x th Rs Ade 8/0 : Marlut value o Rquity 2 4980 00 x 26s 3A, AVS, 000 2 Rp me arp = BS ake 9 Rp 2 486% Po i yo? Market value 4 Ps 39000 x42 = Li $20,000 = firm = 40, $00, 000. #184), 4 C5000 + 8/820) 000 = 447) 5S 000. 2 9.06% eG WACC = WORD 4+ WsRs_ + WFD 201 £00 , 000° Wa.= 40:£00:000, = 0.848% , Ws = 6.1% 5 Wps = 0.084 “fo 44,508, 000 - 7 errr Vrrryry tf. .. Scanned with CamScanner