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What is the CAPM? Rs=Rf+Bs(RmRf)Theafter-taxWACCV(levered)=V(unlevered)+TCBRs=R0+(B/SL)(R0RB)Rs=R0+(B/SL)(RBR0) Whet is the CAPM? o O O o o The after-tax WACC V(levered) = V(unlevered) + TC8 Rs = RO

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What is the CAPM? Rs=Rf+Bs(RmRf)Theafter-taxWACCV(levered)=V(unlevered)+TCBRs=R0+(B/SL)(R0RB)Rs=R0+(B/SL)(RBR0)

Whet is the CAPM? o O O o o The after-tax WACC V(levered) = V(unlevered) + TC8 Rs = RO + (8 / SC) (RO - RS)

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