财务管理课件hap012.pptVIP

Cost of Capital Chapter 12 Key Concepts and Skills Know how to determine a firm’s cost of equity capital Know how to determine a firm’s cost of debt Know how to determine a firm’s overall cost of capital Understand pitfalls of overall cost of capital and how to manage them Chapter Outline The Cost of Capital: Some Preliminaries The Cost of Equity The Costs of Debt and Preferred Stock The Weighted Average Cost of Capital Divisional and Project Costs of Capital Why Cost of Capital Is Important We know that the return earned on assets depends on the risk of those assets The return to an investor