Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Análisis de apalancamiento
y estructura de capital.
Estructura de capital.
Ejemplo:
FCL = $80,000 ; g = 0
Tasa impuesto 36.25%
D / (D+P) Kp Kd CCPP VE
0 12.40% 12.4000% 645,161
10% 12.71% 6.00%
20% 13.10% 7.20%
30% 13.60% 8.40%
40% 14.27% 9.60%
50% 15.21% 10.80%
60% 16.61% 12.00%
70% 18.95% 13.20%
80% 23.62% 14.40%
90% 37.65% 15.60% 12.7155% 629,153
Estructura óptima de capital.
.
Estructura óptima de capital.
Ejemplo:
FCL = $120,000 ; g = 5%
Tc = 36.25%
D / (D+P) Kp Kd CCPP VE
0 11.30% 11.3000% 2,000,000
10% 11.53% 10.00%
20% 11.83% 10.50%
30% 12.20% 11.00%
40% 12.70% 11.50%
50% 13.40% 12.00%
60% 14.46% 13.50%
70% 16.21% 16.00%
80% 19.72% 18.50%
90% 30.23% 21.00% 15.0718% 1,251,024
Estructura óptima de capital.