Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

9. Adjusting the cost of capital for risk Aa Aa Divisional Costs of Capital Newtown Propane currently has only a wholesale division and uses only

image text in transcribed
image text in transcribed
9. Adjusting the cost of capital for risk Aa Aa Divisional Costs of Capital Newtown Propane currently has only a wholesale division and uses only equity capital; however, it is considering creating marketing and retail divisions. Its beta is currently 1.1. The marketing division is expected to have a beta of 1.9, because it will have more risk than the firm's wholesale division. The retail division is expected to have a beta of 0.4, because it will have less risk than the firm's wholesale division. The risk-free rate is 4.4%, and the market-risk premium is 6.4%. Based on this information, fill in the missing information in the following below: Cost of Capital Wholesale division Marketing division Retail division 11.44% 4.40% 8.80% 9.24% If 60% of Newtown Propane's total value ends up in the wholesale division, 25% in the marketing division, and 15% in the retail division, then its investors should require a return of Brade i New Save & Continue 9. Adjusting the cost of capital for risk Aa Aa Divisional Costs of Capital Newtown Propane currently has only a wholesale division and uses only equity capital; however, it is considering creating marketing and retail divisions. Its beta is currently 1.1. The marketing division is expected to have a beta of 1.9, because it will have more risk than the firm's wholesale division. The retail division is expected to have a beta of 0.4, because it will have less risk than the firm's wholesale division. The risk-free rate is 4.4%, and the market-risk premium is 6.4%. Based on this information, fill in the missing information in the following below: Cost of Capital Wholesale division Marketing division Retail division 16.56% 6.96% If 60% of Newtown Propane's total value ends up in the wholesale division, 25% in the marketing division, and 15% in the retail division, then its investors should require a return of 13.38% 16.83% 14.93% 12.08%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management Concepts and Applications

Authors: Stephen Foerster

1st edition

013293664X, 978-0132936644

More Books

Students also viewed these Finance questions