Assume the market risk premium for CAPM is 5.50% and the Risk-Free rate is 3.50%. The Walmart Beta is 0.65 for this problem. Compute the Weighted Average Cost of Capital on an after-tax basis (WACC). State in percent format to the nearest basis point but omit the % sign. Hence, 23.567% would be written as 23.57 for this answer. Beta for Walmart is assumed to equal 0.65 for this problem.

Millions Millions Market Value Book Value 382,051.00 80,925.00 Walmart Equity 60 Month Beta (per Yahoo Finance) 65 Fair Value Millions $ 35,816 1,800 Effective Interest Rate 3.90% 2.90% Unsecured debt Fixed Variable Secured debt Dollar Based Fixed Rate Secured debt Euro Based Fixed Rate Secured debt British Pound Based Fixed Rate 2,870 3.30% 3,524 5.40% 1,651 1.80% Effective Income Tax Rate for Walmart 24.70% Millions Millions Market Value Book Value 382,051.00 80,925.00 Walmart Equity 60 Month Beta (per Yahoo Finance) 65 Fair Value Millions $ 35,816 1,800 Effective Interest Rate 3.90% 2.90% Unsecured debt Fixed Variable Secured debt Dollar Based Fixed Rate Secured debt Euro Based Fixed Rate Secured debt British Pound Based Fixed Rate 2,870 3.30% 3,524 5.40% 1,651 1.80% Effective Income Tax Rate for Walmart 24.70%