Debt 0 50,000 Tax Shields (40%) 0 20,000 Cash Payout 0 -209,000 MV of Equity 959,596 720,596 Total Capital 959,596 770,596 Share Price 16.25 15.99 EPS 0.89 1.12 ROE 10.78% 13.59% Interest Coverage N/A 21.88 Family Ownership % 40% 52% 0.56 0.87 rf 5.10% 5.10% 8.46% 10.29% re (CAPM) 8.46% 10.44% rD 6.75% 6.75% WACC 8.46% 10.03%