14. Compute the Weighted Average Cost of Debt on an after-tax basis.

	Millions	Millions
	Market Value	Book Value
Walmart Equity	382,051.00	80,925.00
60 Month Beta (per Yahoo Finance)	0.47
	Fair Value	Effective
Unsecured debt	Millions	Interest Rate
Fixed	$ 35,816	3.90%
Variable	1,800	2.90%
Secured debt Dollar Based
Fixed Rate	2,870	3.30%
Secured debt Euro Based
Fixed Rate	3,524	5.40%
Secured debt British Pound Based
Fixed Rate	1,651	1.80%
Effective Income Tax Rate for Walmart	24.70%