WACC Estimations

E D Total Be Rf Rm-Rf AA
32,595 8,194 40,789 1.01 5% 5.50% 5.50%

Ke 10.56%
Ba 0.8681
Ka 9.77%

D/(D+E) Be Ke D Kd WACC FV
0% 0.8681 9.77% - 5.20% 9.77%
10% 0.9308 10.12% 4078.9 5.50% 9.66%
20% 1.00932292 10.55% 8,157.80 6.25% 9.691020839846600%
30% 12,236.70 7.00%
40% 16,315.60 9.25%
50% 20,394.50
60% 24,473.40 11%
70% 28,552.30
80% 32,631.20
90% 36,710.10
100% 40,789.00
 T Ba EBIT 1751
35% 0.8681 FCFF 1176

FV(using FCFF)
WACC Estimations
E D Total Be Rf Rm-Rf A
32,595 8,194 40,789 1.01 5% 5.50%

Ke 10.56%
Ba 0.8681
Ka 9.77%

D/(D+E) Be Ke D Int Int Coverage New Rating

0% 0.8681 9.77% - -
10% 0.9308 10.12% 4078.9 212.1028 8.2554308571 AA
20% 8,157.80 448.68 3.90 A-
30% 12,236.70 764.79 2.29 BB
40% 16,315.60 1,142.09 1.53 B
50% 20,394.50 2,039.45 0.86 CCC
60% 24,473.40 2,447.34 0.72 CC
70% 28,552.30
80% 32,631.20
90% 36,710.10
100% 40,789.00
 T EBIT 1751
35%

New Kd Second Iteration Int Coverage New Rating Kd 3rd Iteration

5.50% 224.3395 AA 5.50%

6.25% 509.86 A- 6.25%
7.00% 856.57 2.04 BB 7.00%
8.25% 1,346.04 1.30 B- 9.25% 1509.193
10%
11% 2,692.07 0.65 CC 11%
Int Coverage New Rating Kd 4th iteration Int Coverage New Rating

1.1602227151 CCC 10% 1631.56 1.0732060114 CCC

WACC FV FV
Rating Chart
Interest
Rating Spread Rate on
Debt
AAA 0.20% 5.20%
AA 0.50% 5.50%
A+ 0.80% 5.80%
A 1.00% 6.00%
A- 1.25% 6.25%
BBB 1.50% 6.50%
BB 2.00% 7.00%
B+ 2.50% 7.50%
B 3.25% 8.25%
B- 4.25% 9.25%
CCC 5.00% 10.00%
CC 6.00% 11.00%
C 7.50% 12.50%
D 10.00% 15.00%