COMPUTING THE WACC FOR WHOLE FOODS MARKET (WFM) Shares outstanding 183.56

COMPUTING THE WACC FOR WHOLE FOODS MARKET (WFM) Shares outstand'lg Share 29 June 2012 Equity E Net debt, D Tax Tc Cost Of debt, Expected market return, Risk-free rate, r, u beta 183 56 95 32 17.497 -72B 37 4 72% 0.06% 151 -E2ES Wons Won s 75, bottOrf!D5 From StatenntS, on term E(rv) WACC based on Gordon Current divZend/share Growth rate Cost Of equity, rE WACC based on Current equity payout Growth rate r-share a ppSca Cost Of equity, rE WACC based on classic CAPM Cost Of equity, WACC based on CAPM Cost Of equity, Estimated WACC7 E 45% -Page From Yahoo 0 56 Page 5 47% -AVERAGECPage 6.23% ES4+SES5 4.53% ES4+SES5 I-SES6 17' I-SES6 ES5/ ES5/ ES5/ ES4+SES5 ES4+SES5 ES4+SES5 4.52% I-SES6 5.09% E26 ESO