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Date APPL SPY Capital structure and WACC 1/1/2018 39.80228 258.8217 2022 2/1/2018 42.34356 249.4108 Total Asset 352755000000 3/1/2018 40.0481 241.6068 Common Stock 50672000000 4/1/2018 39.44659

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Date APPL SPY Capital structure and WACC
1/1/2018 39.80228 258.8217 2022
2/1/2018 42.34356 249.4108 Total Asset 352755000000
3/1/2018 40.0481 241.6068 Common Stock 50672000000
4/1/2018 39.44659 243.8281 Preferred Stock 0
5/1/2018 44.60477 249.7553 Liabilities 302083000000
6/1/2018 44.35506 250.0687
7/1/2018 45.59626 260.4974 Cost of debt (pre-tax) 5.80%
8/1/2018 54.54347 268.8124 Tax rate 21%
9/1/2018 54.2803 269.192
10/1/2018 52.62597 251.7241
11/1/2018 42.94046 256.3934
12/1/2018 38.06171 232.4609 FCFF and Firm Value
1/1/2019 40.16097 252.5392 2021 2022
2/1/2019 41.78004 260.7255 Total Current Assets 134836000000 135405000000
3/1/2019 46.03035 264.2806 Total Current Liabilities 125481000000 153982000000
4/1/2019 48.62812 276.2887
5/1/2019 42.42451 258.6695 Capital spending 22354000000
6/1/2019 48.14642 275.3303
7/1/2019 51.82454 280.8525 EBIT 119437000000
8/1/2019 50.77851 276.1501 Depreciation 11104000000
9/1/2019 54.69039 280.2293 Taxes 19300000000
10/1/2019 60.74378 287.7464
11/1/2019 65.25878 298.1623
12/1/2019 71.92059 305.3244
1/1/2020 75.80501 306.7016
2/1/2020 66.95116 282.4214
3/1/2020 62.42836 245.7101
4/1/2020 72.12809 278.5396
5/1/2020 78.05447 291.8107
6/1/2020 89.80107 295.6846
7/1/2020 104.6301 314.476
8/1/2020 127.0606 336.4253
9/1/2020 114.2392 322.5373
10/1/2020 107.3834 315.7542
11/1/2020 117.4352 350.1009
12/1/2020 131.116 361.5305
1/1/2021 130.3947 359.3717
2/1/2021 119.8216 369.3642
3/1/2021 120.8814 384.8726
4/1/2021 130.0947 406.5636
5/1/2021 123.3159 409.2331
6/1/2021 135.7679 417.0468
7/1/2021 144.5904 428.6256
8/1/2021 150.5084 441.3815
9/1/2021 140.4785 419.4669
10/1/2021 148.7186 450.3362
11/1/2021 164.1067 446.7179
12/1/2021 176.5454 465.7413
1/1/2022 173.7715 442.7275
2/1/2022 164.1672 429.6595
3/1/2022 173.8236 444.4299
4/1/2022 156.94 406.6822
5/1/2022 148.1697 407.6002
6/1/2022 136.3042 372.3807
7/1/2022 162.0158 408.429
8/1/2022 156.7419 391.7643
9/1/2022 137.9711 354.0927
10/1/2022 153.086 384.4446
11/1/2022 147.7849 405.8165
12/1/2022 132.37 378.2829
12/19/2022 132.37 380.02
6 points Use the following table to compute APPL's capital structure weights (weight on common equity and weight on debt). What is the weight on common equity

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