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Please solve the ??? $ millions Weight Equity market cap as of 12/31/2007 ??? ??? Book value of debt as of 12/31/2007 ??? ??? Credit
Please solve the "???"
$ millions | Weight | |
Equity market cap as of 12/31/2007 | ??? | ??? |
Book value of debt as of 12/31/2007 | ??? | ??? |
Credit rating | A | |
Beta | 0.6 | |
10-year U.S. treasury YTM as of 12/31/2007 | 4.10% | |
A 10-yr corporate bond yield as of 12/31/2007 | 5.50% | |
expected annual market risk premium | 4.79% | |
tax rate | 32.61% | |
dividend growth rate | 4.75% | |
last dividend | ??? | |
closing share price 12/31/2007 | ??? | |
Cost of Equity Ke: | ||
CAPM | ??? | |
Constant dividend growth (or "Dividend Discount Model") | ??? | |
WACC: | ||
with Ke based on CAPM | ??? | |
with Ke based on Constant dividend growth model | ??? | |
BASED ON THE FOLLOWING TAB:
31-Dec-06 | 31-Dec-07 | % change | ||
Net Sales | 15,717.10 | 16,685.70 | 6.20% | |
Gross Profit | 5,552.10 | 5,849.60 | 5.40% | |
As a % of sales | 35.33% | 35.06% | (0.2) pts | |
Operating Income | 2,719.60 | 2,894.00 | 6.40% | |
As a % of sales | 17.30% | 17.30% | (0.0) pts | |
Net Income | 1,965.20 | 2,115.30 | 7.60% | |
Diluted EPS | 2.53 | 2.79 | 10.30% | |
# of shares outstanding | 715.00 | |||
Operating cash flow before the change in working capital | 2,502.60 | 2,963.10 | 18.40% | |
Common dividend paid per share (in $) | 1.13 | 1.25 | 10.60% | |
Return on shareholders' equity | 51.60% | 59.70% | (8.1) pts | |
Total assets | 6,377.00 | 17,155.00 | 169.00% | |
Capital expenditures | 812.50 | 870.00 | 7.10% | |
Closing stock price (in $) | 49.20 | 52.34 | 6.40% | |
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