11%
WALMART 2009
Company Risk Premium
2.88%

Risk – Free Rate
3%
+
Beta Coefficient
.36
Market Risk Premium
8%
Cost of Equity
5.88%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
3.52%
X
Percentage of Total Capital Supplied by Equity
60%
+
Before Tax Cost of Debt
5.66%
WACC
5..00%
Weighted Cost of Debt
1.53%
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
3.83%
X
X
After Tax Operating Profit in 67.6%
40% of Total Capital Supplied by Debt
40%

Income Tax Rate
32.4%
Rate of Return of a Market Index
11%
WALMART 2008
Company Risk Premium
2.88%

Risk – Free Rate
3%
+
Beta Coefficient
.36%
Market Risk Premium
8%
Cost of Equity
5.88%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
3.52%
X
Percentage of Total Capital Supplied by Equity
60%
+
Before Tax Cost of Debt
5..05%
WACC
4.88%
Weighted Cost of Debt
1..36%
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
3.41%
X
X
After Tax Operating Profit in 67.6%
40% of Total Capital Supplied by Debt
40%

Income Tax Rate
32.4%
Rate of Return of a Market Index
11%
WALMART 2007
Company Risk Premium
2.88%

Risk – Free Rate
3%
+
Beta Coefficient
.36
Market Risk Premium
8%
Cost of Equity
5.88%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
3.52%
X
Percentage of Total Capital Supplied by Equity
60%
+
Before Tax Cost of Debt
5..05%
WACC
4.88%
Weighted Cost of Debt
1..36%
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
3.41%
X
X
After Tax Operating Profit in 67.6%
40% of Total Capital Supplied by Debt
40%

Income Tax Rate
32.4%
El WACC de Walmart ha aumentado debido aprestamos adicionales que ha tomado en eso ultimo tres años.
JCP 200Rate of Return of a Market Index
11%
Company Risk Premium
15.2%

Risk – Free Rate
3%
+
Beta Coefficient
1.9%
Market Risk Premium
8%
Cost of Equity
18.2%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
7.44%
X
Percentage of Total Capital Supplied by Equity
37%
+
Before Tax Cost of Debt
7.99%
WACC
10.53
Weighted Cost of Debt
3.09
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
4.95%
X
X
After Tax Operating Profit in 62%
62% of Total Capital Supplied by Debt
40%

Income Tax Rate
38%
JCP 2008
Rate of Return of a Market Index
11%
Company Risk Premium
15.2%

Risk – Free Rate
3%
+
Beta Coefficient
1.9%
Market Risk Premium
8%
Cost of Equity
18.2%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
7.44%
X
Percentage of Total Capital Supplied by Equity
37%
+
Before Tax Cost of Debt
6.42%
WACC
9.9%
Weighted Cost of Debt
2.46%
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
3.98%
X
X
After Tax Operating Profit in 62%
62% of Total Capital Supplied by Debt
40%

Income Tax Rate
32.4%
JCP 2007
Rate of Return of a Market Index
11%
Company Risk Premium
15.2%

Risk – Free Rate
3%
+
Beta Coefficient
1.9%
Market Risk Premium
8%
Cost of Equity
18.2%
+
Risk  Free Rate
3.%
Weighted Cost of Equity
7.44%
X
Percentage of Total Capital Supplied by Equity
37%
+
Before Tax Cost of Debt
4.36%
WACC
9.11%
Weighted Cost of Debt
1.67%
Before Tax Operating Profit in %
100%
After Tax Cost of Debt
2.70%
X
X
After Tax Operating Profit in 62%
62% of Total Capital Supplied by Debt
40%

Income Tax Rate
32.4%
El WACC de JCP ha ido disminuyendo debido a dé ha disminuido sus deuda aunque su deuda han disminuido, su ventas también.