I would like to have someone look over my homework. My answers are highlighted in yellow. Thank you for any help you can provide.

Indicate the units ($/share, $ in (000) millions or billions whatever, but be Notes and/or comments Using the 10K (yr ending 2018) for TSLA, answer the next 2 questions. What is the book value of debt' ** For this problem, also $9,403,672,000 As of 12/31/18 assume that this is the market value of debt. (1 pt.) (9.404 B) ' ' 2 What Is the book value ofequlty (1 pt.) E6:,9922:,)43,000 As of 12/31/18 To estimate the cost of equity for TSLA, go to nance.yahoo.com and enter the ticker symbol for TSLA What is the most recent stock price listed for TSLA (1 pt.) $235.01 per share 8/9/2019 Now that you have identied the most recent price, I am going to ask you to use the price from July 23, 2019 for consistency and ease of grading. Please use $260. [7 per share. Stock price I want you to use for all further calculations $260.17/share 7/2 3/19 What is the market value of equity, or market capitalization 42.97? B . 8/9/2019 shown on Yahoo F1nance?(l pt.) How many shares of stock does TSLA have outstanding? (use 122,603,000 shares As of 12/31/18 10K) (1 pt.) What is the market capitalization based on the shares 44,906,122,510 I72,603,000 * 260.17 outstanding and the stock price of$260.17'ishare'i'3 (2 pts) (44.906 B) =44,906,122,510 What is the book value per share for TSLA? (2 pts) 28.52 (St/share) 4,923,243/172,603=28.52 What is the most recent dividend?4 (1 pt.) Zero Tesla retains all earning and rein vests in the company, found via Tesia website (Tesla, 2019) Can the dividend discount model be used for Tesla? Why or why not? Typeyoar answer (add more Space as needed by hitting Enter) (2 pts): No, because Tesla does not pay dividends and invests all retained earnings back into the company (Tesla, 2019). What is the beta for TSLA? 1 .t. _ 8/9/2019 Using htt s:/fwww.treasu . ov/resourcecenteridatachartcenter/interestrates/Pa es/TextViewas x?data=billrates we can find the yield on threemonth (13 week)Treasury bills. Using the daily rates, and the "bank discount" on the "13 weeks" column, 1 determined the yield to be 2.04%. Please use that value. Yield on the 13 week (3 month) Treasury bill 2.04% Historic market risk premium (use the value given here) 7% Average MRP based on historic data Using the historical market risk premium, what is the cost of 6.24% n a _ n ' for TSLA usin CAPM? 2 2'04 5+0'60U'6) 624A] The cost of debt is difcult to get for most firms having multiple bonds outstanding. For this problem, we are going to use a rough estimate ofthe cost of debt using the rm's interest expense and long term debt. To keep things consistent, I will provide the value to use. I took the average ofthe following: 20 [8 interest expense/2018 long term debt and (Q1 2019 interest expense *4 to annualize)/Ql 2019 long term debt (recall that this is the LT debt as of 3/3 1/19). For 2018 use 7.05% and for 2019 use 6.70%, the avera e is 6.87% Estimated cost of debt to use for WACC 6.87% ' For book value of debt, use Longterm debt and finance leases, net of current portion from the 10K 2 Use Total stockholders' equity 3 Note that Tesla reports numeric values on the IS and BS in thousands, this includes the # of shares. 4 Refer to Yahoo Finance and then do a Google search if the information is unclear to you. Alternatively, use C 2 7/23/2019 tsla-10k_20181231.htm Teala, Inc. Consolidated Balance Sheets (in thousands, except per share data) December 31, December 31 Assets 2018 2017 Current assets Cash and cash equivalents Restricted capb 3,685,618 Accounts receivable, not 192 551 $ 3,367,914 nventory 949.022 155,323 repaid expenses and other current assets ,113,446 $15,381 2,263.537 Total current auct. 365,671 268 365 Operating lease vchicks, net 8.306 308 6 570.520 toher areagy systems, leased and to be leased, net 2,089,758 6,271,396 4,116,604 party, plant and equipment, net 11,336,077 6,347,490 16,027,522 Goodwill 282,492 MyPower customer notes receivable, not of current portion 68,159 361,507 60 237 be ticted cash, not of current portion 421,549 456,652 Other assets 398 219 $71,657 441,722 Total moot 29 739,614 273,123 28.655,372 Current Habilities Accounts payable Accrued lishilities and other 3,404,451 Deferred rave 2094,253 2,390,250 1,731,366 Resale value gurruntoes 630,292 Customer deposits 502,840 1,015,253 787,333 Current portion of long-term debt and capital leases 792,601 Current portion of promissory notes issued to related parties 2,567,699 853,919 796.549 Total current liabilities 100,000 Long-term debt and capital leases, net of current portion 9 992,136 7.674 670 Deferred revenue, net 9.403,672 alne guarantees, net of current portion 990,873 9.418,319 328,926 1,177,799 Other long-term liabilities 2710,403 2,309,272 Total HabOilthen 2442,970 Commitments and contingencies (Note 17) 23.426.010 23,022,980 Redeemable noncontrolling intercats in subsidiaries Convertible senior notes (Note 13) 555,964 97,734 70 Stockholders equity Preferred stock; $0.001 par value; 100,000 shares authorized; no bares ized d outstanding Common stock; $0.001 par value; 2,000,010 shares authorized; 172,603 and 168,797 shares issued and outstanding as of December 31, 2018 and 2017. respectively Additional paid-in capital 173 160 coumulated other comprehensive (loss) income 10.249,120 9,178,024 Accumulated deficit (8,218) 33,348 Total stockholders' equity 5 317,832) 4 923 243 4974.299 Noncontrolling interests in subsidiaries Total Holelathes and equity 834 397 4.237.242 29,739.614 997,346 28,655,372 The accompanying notes are an integral part of these consolidated financial statements. 72 https://www.sec.gov/Archives/edgar/data/1318605/000156459019003165/tsla-10k_20181231.htm#Consolidated_Balance_Sheets 1/3