Advancy Wacc Cok Betas

TEMAS:
WACC
COK
COVARIANZA
BETAS
COK 15%
TEA 7%
IMP RENTA 30%
ESTRUCTURA RAZÓN %
D 1.5 60%
E 1 40%
TOTAL 2.5 100%
Cuando te den el costo de la deuda antes de impuesto usa esta fórmula:
WACC o CPPC = COK x % CAPITAL + TEA x % DEUDA x ( 1 - IMP.RENTA)
WACC 27.5% Despejando el COK, la fórmula sería:

TEA 10%
IMP RENTA 30% COK 37.75%
D 0.5 33% SE ESCRIBE 0.3775

E 1 67% CON COMA, NO PUNTO
TOTAL 1.5 100%
( WACC - (TEA x %DEUDA x ( 1 - IMP.RENTA))) / % CAPITAL

TEA 10%
D 1.2 55% SE ESCRIBE 0.4858

TOTAL 2.2 100%
COK = ( WACC - (TEA x %DEUDA x ( 1 - IMP.RENTA))) / % CAPITAL

TEA 10%
D 1 50% SE ESCRIBE 0.2000

TOTAL 2 100%
Cuando te den el costo de la deuda despues de impuesto usa esta fórmula:
WACC o CPPC = COK x % CAPITAL + TEA x % DEUDA
WACC 15% Despejando el COK, la fórmula sería:

TEA 10%
D 0.5 33%
E 1 67%
TOTAL 1.5 100%
( WACC - (TEA x %DEUDA)) / % CAPITAL
Cuando te den el costo de la deuda despues de impuesto usa esta fórmula:
WACC 15% Despejando el COK, la fórmula sería:

TEA 10%
D 1.5 60%
E 1 40%
TOTAL 2.5 100%
ESTRUCTURA RAZÓN % Cuando te den el costo de la
D 0.6 38%
P 1 63% WACC o CPPC
TOTAL 1.6 100%
WACC
TEA 10%
COK 15% TIR
IMP RENTA 29.5%
Se acepta el proyecto cuand
uando te den el costo de la deuda despues de impuesto usa esta fórmula:
13.13%
14.50%
e acepta el proyecto cuando la TIR es mayor al WACC

BETA 1.5
RF 3%
PRIMA 3.50%
COK = RF + BETA x ( RM - RF ) + RPAIS
COK 8.25%
RM 11%
RF 5%
BETA 1.2
COK 12.20%
SE ESCRIBE 0.1220
CON COMA, NO PUNTO
WACC 12.90% ESTRUCTURA
PATRIMONIO
MONTOS % TEA DEUDA TOTAL
DEUDA 1 55,903 43.54% 8.60% TOTAL
DEUDA 2 72,506 56.46% 14.70%
DEUDA TOTAL 128,409 100.00%
COK = ( WACC - (TEA x %DE
TEA* 12.04%
PATRIMONIO 107,877 COK
IMP RENTA 29.60%
SE ESCRIBE
CON COMA, NO PUNTO
MONTOS %
107,877 45.66%
128,409 54.34%
236,286 100.00%
18.16%
0.1816
OMA, NO PUNTO
IMP RENTA 30% PUEDE SER NA O LA B
COK 15%
TEA 7% 4.90%
D 1.5 60%
E 1 40%
TOTAL 2.5 100%
WACC 8.94%
UEDE SER NA O LA B
A x ( 1 - IMP.RENTA)
ESTRUCTURA RELACIÓN % COK = RF + BETA x ( RM - R
D 1 50%
P 1 50% COK 11.31%
TOTAL 2 100%
WACC = %DEUDA * TEA * (1-IMP.REN
TEA 7.7%
BETA 1.15 WACC 0.0823
RF 3.05%
RM 10.23%
IMP RENTA 33.00%
COK = RF + BETA x ( RM - RF ) + RPAIS OJO CON ESTA PREGUNTA
SE PUEDE RECLAMAR
EUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

AAA BBB
BETA APA 1.4 1
D/E 0.8 1.6
IMP RENTA 35% 28%
BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
BETA DESA 0.92 0.46
BETA PROMEDIO 0.69
BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))
BETA APA 0.98
COK 13.52%
SE ESCRIBE 0.1352
CON COMA, NO PUNTO
RF 1.22%
PRIMA 9.7%
RPAIS 2.8%
TEA 5.10%
D/E 0.6
UITY)*(1- TAXES)) I.RENTA 31%
D 0.6 37.50%
E 1 62.50%
TOTAL 1.6 100.00%
ES)*(D/E))
IS
AAA BBB
BETA APA 1.4 1
D/E 0.8 1.6
IMP RENTA 35% 28%
BETA DESA 0.92 0.46
BETA PROMEDIO 0.69
BETA APA 1.41
COK 17.70%
SE ESCRIBE 0.1770
CON COMA, NO PUNTO
RF 1.22%
PRIMA 9.7%
RPAIS 2.8%
TEA 9.90%
D/E 1.5
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
ES)*(D/E))
IS
AAA BBB
BETA APA 1.4 1
D/E 0.8 1.6
IMP RENTA 35% 28%
BETA DESA 0.92 0.46
BETA PROMEDIO 0.69
BETA APA 1.41
COK 17.70%
WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK
WACC 11.18%
SE ESCRIBE 0.1118
CON COMA, NO PUNTO
RF 1.22%
PRIMA 9.7%
RPAIS 2.8%
TEA 9.90%
D/E 1.5
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
ES)*(D/E))
IS
APITAL * COK
AAA BBB
BETA APA 1.6 1
D/E 0.6 1.6
IMP RENTA 32% 28%
BETA DESA 1.14 0.46
BETA PROMEDIO 0.80
BETA APA 1.13
COK 15.00%
WACC 10.69%
SE ESCRIBE 0.1069
CON COMA, NO PUNTO
RF 1.22%
PRIMA 9.7%
RPAIS 2.8%
TEA 5.10%
D/E 0.6
UITY)*(1- TAXES)) IMP RENTA 31%
D 0.6 37.50%
E 1 62.50%
TOTAL 1.6 100.00%
ES)*(D/E))
IS
APITAL * COK
EMPRESA 1 EMPRESA 2
BETA DESA 1.42 1.22
BETA PROM 1.32
BETA APALANCADA = BETA PROMEDIO *(1+(1-TAXES)*(D/E))
BETA APA 2.71
COK 24.53%
WACC 14.85%
DA/EQUITY)*(1- TAXES)) PRIMA 7.9%
RF 1.5%
RPAIS 165
RPAIS 1.650%
TEA 12%
D/E 1.5
I.RENTA 30%
TAXES)*(D/E))
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
IS
APITAL * COK
SE ESCRIBE 0.1485
CON COMA, NO PUNTO
EMPRESA 1 EMPRESA 2
BETA DESA 0.82 1.44
BETA PROM 1.13
BETA APA 2.32
COK 24.33%
WACC 14.77%
RF 1.6%
RPAIS 165
RPAIS 1.650%
TEA 12%
D/E 1.5
I.RENTA 30%
TAXES)*(D/E))
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
IS
APITAL * COK
SE ESCRIBE 0.1477
CON COMA, NO PUNTO
EMPRESA 1 EMPRESA 2
BETA DESA 1.32 0.89
BETA PROM 1.11
BETA APA 2.27
COK 23.53%
WACC 14.45%
RF 2.4%
RPAIS 165
RPAIS 1.650%
TEA 12%
D/E 1.5
I.RENTA 30%
TAXES)*(D/E))
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
IS
APITAL * COK
SE ESCRIBE 0.1445
CON COMA, NO PUNTO
AVÍCOLA BBB
BETA APA 0.9
D/E 1.2
IMP RENTA 28%
BETA DESA 0.48
BETA APA 0.69
COK 9.81%
RF 1.3%
PRIMA 9.5%
RPAIS 2.0%
TEA 12%
D/E 0.6
I.RENTA 30%
DA/EQUITY)*(1- TAXES))
D 0.6 37.50%
E 1 62.50%
TOTAL 1.6 100.00%
ES)*(D/E))
IS
SE ESCRIBE 0.0981
CON COMA, NO PUNTO
AVÍCOLA BBB
BETA APA 0.8
D/E 1.5
IMP RENTA 28%
BETA DESA 0.38
BETA APA 0.55
COK 7.86%
RF 1.0%
PRIMA 8.9%
RPAIS 2.0%
TEA 12%
D/E 0.6
I.RENTA 30%
D 0.6 37.50%
E 1 62.50%
TOTAL 1.6 100.00%
ES)*(D/E))
IS
SE ESCRIBE 0.0786
CON COMA, NO PUNTO
AVÍCOLA BBB
BETA APA 0.8
D/E 1.2
IMP RENTA 28%
BETA DESA 0.43
BETA APA 0.64
COK 8.58%
RF 1.4%
PRIMA 8.1%
RPAIS 2.0%
TEA 12%
D/E 0.7
I.RENTA 30%
D 0.7 41.18%
E 1 58.82%
TOTAL 1.7 100.00%
ES)*(D/E))
IS
SE ESCRIBE 0.0858
CON COMA, NO PUNTO
AVÍCOLA BBB
BETA APA 0.8
D/E 1.4
IMP RENTA 28%
BETA DESA 0.40
BETA APA 0.59
COK 8.15%
RF 1.4%
PRIMA 8.0%
RPAIS 2.0%
TEA 12%
D/E 0.7
I.RENTA 30%
D 0.7 41.18%
E 1 58.82%
TOTAL 1.7 100.00%
ES)*(D/E))
IS
SE ESCRIBE 0.0815
CON COMA, NO PUNTO
ESTRUCTURA RELACIÓN % BETA APALANCADA = BETA DESA *(1+(1-T
D 0.33 25%
E 1 75% BETA DESA 1.079
TOTAL 1.33 100%
BETA APA 1.34
IMP RENTA 28%
COK = RF + BETA x ( RM - RF ) + R
RF 2.37%
PRIMA 6%
RPAIS (PBS) 255
RPAIS 2.55%
COK 12.93%
WACC = COK x % CAPITAL + TEA
TEA 15%
WACC 12.40%
LANCADA = BETA DESA *(1+(1-TAXES)*(D/E)) FINAL 2022-0
WACC = COK x % CAPITAL + TEA x % DEUDA x (1- IMP RENTA)

ESTRUCTURA RAZÓN %
D 0.6 37.50%
E 1 62.50%
TOTAL 1.6 100.00%
BANCOS % TEA
BANCO AAA 50.00% 8.20%
BANCO BBB 50.00% 12.10%
COK 22.70%
IMP RENTA 30.00%
WACC O CPPC = COK x % CAPITAL + TEA x % DEUDA x (1- IMP RENTA)
WACC 16.85%
SE ESCRIBE 0.1685
CON COMA, NO PUNTO
MONTO %
BANCO SUR 42,500 30.80%
BANCO NORTE 25,200 18.26%
CAPITAL 70,300 50.94%
INVERSIÓN TOTAL 138,000 100.00%
COK 14.50%
IMP RENTA 30.00%
BANCOS TEA
BANCO SUR 10.50%
BANCO NORTE 11.20%
WACC 11.08%
ESTRUCTURA RAZÓN % Cuando te den el costo de la deuda
D 1.5 60.00% WACC o CPP
E 1 40.00%
TOTAL 2.5 100.00% WACC
COK 15.0%
TEA 9.0%
IMP RENTA 35.0%
do te den el costo de la deuda despues de impuesto usa esta fórmula:
11.40%
ESTRUCTURA RAZÓN % WACC O CPPC = COK x % CAPITA
D 1.89 65.40%
E 1 34.60% WACC 9.76%
TOTAL 2.89 1
COK 16.48%
TEA 8.79%
IMP RENTA 29.5%
ACC O CPPC = COK x % CAPITAL + TEA x % DEUDA x (1- IMP RENTA)
D 0.69 40.83%
E 1 59.17% WACC 12.28%
TOTAL 1.69 1
COK 16.48%
TEA 8.79%
IMP RENTA 29.5%
D 0.89 47.09%
E 1 52.91% WACC 11.64%
TOTAL 1.89 1
COK 16.48%
TEA 8.79%
IMP RENTA 29.5%
D 1.1 52.38%
E 1 47.62% WACC 12.09%
TOTAL 2.1 1
SE ESCRIBE 0.1209
COK 20.00% CON COMA, NO PUNTO
TEA 7.00%
IMP RENTA 30.0%
ESTRUCTURA RAZÓN % MONTO
D 1.5 60% BANCO 600,000
P 1 40% BONOS 600,000
TOTAL 2.5 100% CAPITAL 800,000
TOTAL 2,000,000
DEUDA TEA
BANCO 10% WACC O CPPC = COK x % CAPITAL
BONOS 5%
WACC 7.95%
COK 12%
IMP RENTA 30%
%
30%
30%
40%
100%

ESTRUCTURA RAZÓN % MONTO
D 1.5 60% BANCO 600,000
P 1 40% BONOS 600,000
TOTAL 2.5 100% CAPITAL 800,000
TOTAL 2,000,000
DEUDA TEA
BANCO 10% WACC O CPPC = COK x % CAPITAL
BONOS 7%
WACC 9.17%
COK 14%
IMP RENTA 30%
%
30%
30%
40%
100%

COK = RF + BETA APA x ( RM - RF ) + RPAIS
BETA 0.8
RF 3%
PRIMA 7%
COK 8.60%
TEA = ( WACC - ( % CAPITAL * COK )) / % DEUDA
WACC 8.08%
DEUDA 20%
EQUITY 80%
TEA 6.00%
WACC = % DEUDA * TEA + % CAPITAL * COK
% DEUDA 60%
% CAPITAL 40%
WACC 7.04%
BETA APA 1.2
D/E 0.5
IMP RENTA 27%
BETA DESA 0.88
BETA APA 1.49
COK 12.22%
WACC 9.26%
RF 1.5%
PRIMA 5.7%
RPAIS 2.2%
TEA 9%
D/E 1
IMP RENTA 30%
D 1 50.00%
E 1 50.00%
TOTAL 2 100.00%
ES)*(D/E))
IS
COK
BETA 1.2
RF 2%
PRIMA 6%
COK 9%
%DEUDA 50%
%CAPITAL 50%
TEA 8%
IMP RENTA 30%
WACC 0.074
D 0.8 44%
P 1 56%
TOTAL 1.8 100%
COK 10%
TEA 7%
IMP RENTA 30%
WACC 0.0773
CON COMA, NO PUNTO
TEA 7%
IMP RENTA 32%
COK 23%
D 0.7 41%
P 1 59%
TOTAL 1.7 100%
WACC 0.1558
CON COMA, NO PUNTO
BETA 1.74
RF 0.01
PRIMA 0.13
COK 24%
ESTRUCTURA RELACIÓN %
D 3 75%
E 1 25%
TOTAL 4 100%
TEA 0.11
IMP RENTA 0.3
WACC 0.1168
MP RENTA)
D 1.5 60% COVARIANZA = CORRELACION * D
E 1 40%
CORRELACIÓN
TEA 10% DESVIACIÓN
IMP RENTA 30% DESVIACIÓN MERCADO
RF 3%
PRIMA 5% COVARIANZA
RPAIS 2%
BETA = COVARIANZA / VARIA
VARIANZA
BETA
COK = RF + BETA x ( RM -
COK
WACC = % DEUDA * TEA * ( 1 - IMP RE
% DEUDA
% CAPITAL
WACC
VARIANZA = CORRELACION * DESVIACION DE EMPRESAS * DESVIACION MERCADO
0.85
20%
10%
1.70%
BETA = COVARIANZA / VARIANZA MERCADO
0.01
1.70
13.50%
= % DEUDA * TEA * ( 1 - IMP RENTA) + % CAPITAL * COK
60%
40%
9.60%
COVARIANZA = CORRELACIO
CORRELACIÓN
VARIANZA ACCIÓN
VARIANZA MERCADO
COVARIANZA
BETA = COVARIANZA /
BETA
COK = RF + BETA x (
IMP RENTA
RF
RM
COK
COVARIANZA = CORRELACION * DESVIACION DE EMPRESAS * DESVIACION MERCADO
0.92
0.07 DESVIACIÓN 26%
0.03 DESVIACIÓN MERCADO 17%
4.22%
BETA = COVARIANZA / VARIANZA MERCADO
1.41
30%
4.3%
14.9%
19.20%
%
DEUDA 57% COK = RF + BETA x ( RM - RF ) + RPAIS
CAPITAL 43%
COK 18.94%
TEA 30%
WACC = % DEUDA * TEA * ( 1 - IMP RENTA) + % CAPITA
RF 1.3%
I.RENTA 30% WACC 20.11%
BETA 0.9
PRIMA 17.20%
RPAIS 216 PBS
RPAIS 2.160%
x ( RM - RF ) + RPAIS
- IMP RENTA) + % CAPITAL * COK

%
CAPITAL 59%
COK 27.32%
TEA 21%
RF 2.8%
BETA 2.3
PRIMA 9.80%
RPAIS 198 PBS
RPAIS 1.980%

%
CAPITAL 84%
COK 38.07%
TEA 22%
RF 1.3%
BETA 2.4
PRIMA 14.70%
RPAIS 149 PBS
RPAIS 1.490%

%
CAPITAL 65%
COK 17.90%
TEA 34%
RF 4.9%
BETA 0.9
PRIMA 12.70%
RPAIS 157 PBS
RPAIS 1.570%

%
CAPITAL 60%
COK 38.03%
TEA 29%
RF 3.4%
BETA 2.1
PRIMA 16.00%
RPAIS 103 PBS
RPAIS 1.030%

ESTRUCTURA RAZÓN % COK = RF + BETA x ( RM - RF
D 1.8 64.3%
E 1 35.7%
RF 1.6% WACC = % DEUDA * TEA * ( 1 - IMP RENT

IMP RENTA 26%
BETA 1.7
PRIMA 18.30%
RPAIS (PBS) 348
RPAIS (%) 3.480%
BANCOS % TEA
BANCO ABC 62% 16.0%
BANCO XYZ 38% 17.0%
COK 36.19%
% DEUDA * TEA * ( 1 - IMP RENTA) + % CAPITAL * COK
WACC 20.72%
ESTRUCTURA RAZÓN % COK = RF + BETA x ( RM - R
D 0.5 33.3%
E 1 66.7%
RF 4.4% WACC = % DEUDA * TEA * ( 1 - IMP REN

IMP RENTA 29%
BETA 2
PRIMA 17.30%
RPAIS (PBS) 231
RPAIS (%) 2.310%
BANCOS % TEA
BANCO ABC 60% 17.0%
BANCO XYZ 40% 21.0%
COK 41.31%
WACC 31.94%
ESTRUCTURA RAZÓN % COK = RF + BETA x ( RM -
D 2.1 67.7%
E 1 32.3%
RF 3.3% WACC = % DEUDA * TEA * ( 1 - IMP RE

IMP RENTA 25%
BETA 1.7
PRIMA 16.40%
RPAIS (PBS) 120
RPAIS (%) 1.200%
BANCOS % TEA
BANCO ABC 21% 19.0%
BANCO XYZ 79% 23.0%
COK 32.38%
WACC 21.70%
ESTRUCTURA RAZÓN % COK = RF + BETA x ( RM
D 1.6 61.5%
E 1 38.5%
RF 2.9% WACC = % DEUDA * TEA * ( 1 - IMP R

IMP RENTA 26%
BETA 1.5
PRIMA 18.90%
RPAIS (PBS) 73
RPAIS (%) 0.730%
BANCOS % TEA
BANCO ABC 66% 18.0%
BANCO XYZ 34% 19.0%
COK 31.98%
WACC 20.65%
D 1 50.0%
E 1 50.0%

IMP RENTA 30%
BETA 1.9
PRIMA 15.50%
RPAIS (PBS) 101
RPAIS (%) 1.010%
BANCOS % TEA
BANCO ABC 71% 11.0%
BANCO XYZ 29% 13.0%
COK 34.66%
WACC 21.38%
D 0.8 44.4%
E 1 55.6%

IMP RENTA 29%
BETA 1.5
PRIMA 12.90%
RPAIS (PBS) 134
RPAIS (%) 1.340%
BANCOS % TEA
BANCO ABC 48% 19.0%
BANCO XYZ 52% 20.0%
COK 22.29%
WACC 18.54%
SE ESCRIBE 0.1854
CON COMA, NO PUNTO
D 0.6 37.5%
E 1 62.5%

IMP RENTA 32%
BETA 1.1
PRIMA 14.80%
RPAIS (PBS) 318
RPAIS (%) 3.180%
BANCOS % TEA
BANCO ABC 23% 11.0%
BANCO XYZ 77% 18.0%
COK 22.06%
WACC 17.97%
BETA DESAPALANCADA = BETA
IMP RENTA 35%
D/E 1.5
RF 0.507%
PRIMA 9.67%
RPAIS 3.06%
D 1.5 60.00%
E 1 40.00%
TOTAL 2.5 100.00%
BETA APALANCADA =
CAPM = COK =
WACC = % DEUDA * T
BANCO SANTANDER
BANCO CHILE
CAPITAL
CRUZ VERDE METRO

BETA APA 1.70 1.80
D/P 0.90 1.20
I.RENTA 30% 32%
BETA DESA 1.04 0.99
BETA PROM 1.02
BETA APA 2.01
CAPM = COK = RE = RF + BETA x ( RM - RF ) + SRP
COK 22.99%
WACC = % DEUDA * TEA * ( 1 - IMP RENTA) + % CAPITAL * COK
% % TASA WACC
50.00% 12.50% 2.44%
60.00%
50.00% 9.50% 1.85%
40.00% 40.00% 22.99% 9.20%
13.49%
BETA DESAPALANCADA = BETA A
IMP RENTA 35%
D/E 0.6
RF 0.507%
PRIMA 9.67%
RPAIS 3.06%
D 0.6 37.50%
E 1 62.50% BETA PROM
TOTAL 1.6 100.00%
BETA APALANCADA =
COK = RF +
WACC = % DEUDA * TEA
BANCO SANTANDER
BANCO CHILE
CAPITAL
ETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
CRUZ VERDE METRO

BETA APA 1.70 1.80
D/P 0.90 1.20
I.RENTA 30% 32%
BETA DESA 1.04 0.99
BETA PROM 1.02
BETA APA 1.41
COK 17.24%
% % TASA WACC
50.00% 12.50% 1.52%
37.50%
50.00% 9.50% 1.16%
62.50% 62.50% 17.24% 10.77%
13.45%
ESCRIBIR 0.1345
CON COMA, NO PUNTO
BETA DESAPALANCADA = BETA AP
IMP RENTA 35%
D/E 0.6
RF 0.507%
PRIMA 9.67%
RPAIS 3.06%
D 0.6 37.50%
TOTAL 1.6 100.00%
BETA APALANCADA = BE
CAPM = COK = RE
WACC = % DEUDA * TEA *
BANCO SANTANDER
BANCO CHILE
CAPITAL
A DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
METRO MONTT
BETA APA 1.80 1.60
D/P 1.20 1.00
I.RENTA 32% 35%
BETA DESA 0.99 0.97
BETA PROM 0.98
BETA APA 1.36
COK 16.75%
% TASA WACC
50.00% 12.50% 1.52%
37.50%
50.00% 9.50% 1.16%
62.50% 62.50% 16.75% 10.47%
13.15%
BETA DESAPALANCADA = BETA A
IMP RENTA 35%
D/E 1.5
RF 0.507%
PRIMA 9.67%
RPAIS 3.06%
D 1.5 60.00%
TOTAL 2.5 100.00%
BETA APALANCADA = B
CAPM = COK = R
WACC = % DEUDA * TEA
BANCO SANTANDER
BANCO CHILE
CAPITAL
ETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
CRUZ VERDE METRO

BETA APA 1.70 1.80
D/P 0.90 1.20
I.RENTA 30% 32%
BETA DESA 1.04 0.99
BETA PROM 1.02
BETA APA 2.01
COK 22.99%
% TASA WACC
50.00% 12.50% 2.44%
60.00%
50.00% 9.50% 1.85%
40.00% 40.00% 22.99% 9.20%
13.49%
BETA DESAPALANCADA = BETA AP
IMP RENTA 35%
D/E 0.6
RF 0.507%
PRIMA 9.67%
RPAIS 1.10%
D 0.6 37.50%
TOTAL 1.6 100.00%
BETA APALANCADA = BE
CAPM = COK = RE
WACC = % DEUDA * TEA *
BANCO SANTANDER
BANCO CHILE
CAPITAL
A DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
METRO MONTT
BETA APA 1.80 1.60
D/P 1.20 1.00
I.RENTA 30% 30%
BETA DESA 0.98 0.94
BETA PROM 0.96
BETA APA 1.33
COK 14.51%
% TASA WACC
50.00% 9.50% 1.16%
37.50%
50.00% 7.20% 0.88%
62.50% 62.50% 14.51% 9.07%
11.10%
GLORIA LAIVE
BETA 2.25 1.8
CAPITAL 200 180
DEUDA 500 25
GLORIA LAIVE
BETA DES 0.82 1.64
BETA PROM 1.23
BETA APA 2.95
COK 0.26
% TASA
DEUDA 66.67% 15.00%
CAPITAL 33.33% 25.65%
RF 5%
RM 12%
TEA 15%
D/E 2
I.RENTA 30%
DA/EQUITY)*(1- TAXES)) D 2 66.67%

E 1 33.33%
TOTAL 3 100.00%
TAXES)*(D/E))
IS
WACC
7.00%
8.55%
15.55%
RASPACACHO DIAMANTITO
BETA 1.22 1.3
D/E 40% 60%
RASPACACHO DIAMANTITO
BETA DES 0.95 0.91
BETA PROM 0.93
BETA APA 1.21

I.RENTA 29%
D 30%
E 70%
D/E 0.43
ADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
OMEDIO *(1+(1-TAXES)*(D/E))
BETA DESA 1.83
D/E 2.33
IMP RENTA 29%
BETA APA 4.8574

SE ESCRIBE CON COMA
ESA *(1+(1-TAXES)*(D/E))
BETA DESA 1.84
D/E 1.02
IMP RENTA 29%
BETA APA 3.1725

SE ESCRIBE CON COMA
ESA *(1+(1-TAXES)*(D/E))
BETA APA 0.96
D/E 0.8
IMP RENTA 38%
BETA DESA 0.64
IMP RENTA 29%

D 40%
E 60%
D/E 0.67
BETA APA 0.945

CON COMA, NO PUNTO
ADA / (1 + (DEUDA/EQUITY)*(1- TAXES))
DESA *(1+(1-TAXES)*(D/E))
ESTRUCTURA MONTOS %
DEUDA 100,000 29%
CAPITAL 250,000 71%
INV. TOTAL 350,000 100%
BETA DESA 1.5

IMP RENTA 30%
BETA APA 1.92

BETA APA 0.7
DEUDA 15.5
CAPITAL 120.5
D/E 0.13
I.RENTA 32%
BETA DESA 0.64

RF 2% BONOS DEL TESORO ACTUAL

BETA APA 1.1
RM 12% RENDIMIENTO HISTÓRICO DE NASDAQ
RF 3% BONOS DEL TESORO HISTÓRICO
COK 11.9%
IMP RENTA 30%
BETA DESA 0.98
D/E 5%
BETA APA = BETA DESA PROMEDIO x ( 1 + ( 1 - TAXES ) x ( D / E ) )
BETA APA 1.01

RF 4.10% BONOS DEL TESORO ACTUAL
BETA APA 1.0143
PRIMA 3.5%
R PAIS 1.60%
CAPM = COK = RE = RF + BETA APA x ( RM - RF ) + SRP
COK 0.0925
CON COMA, NO PUNTO
I. RENTA 35%
BETA DESA 1.28
D/E 1.5
BETA APA = BETA DESA PROMEDIO x ( 1 + ( 1 - TAXES ) x ( D / E ) )
BETA APA 2.53

RF 0.99% BONOS DEL TESORO ACTUAL
BETA APA 2.528
PRIMA 9%
R PAIS 1.20%
CAPM = COK = RE = RF + BETA APA x ( RM - RF ) + SRP
COK 24.94%
D/E 0.33
TEA 10% BETA APA = BETA DESA PROMEDI
IMP RENTA 30%
BETA DESA PROM 1.07
RF (10 años) 3.35%
RF (30 años) 4.35% COK = RF + BETA APA
PRIMA 8%
RPAIS 151
RPAIS 1.51%
WACC = % DEUDA * TEA * ( 1 - IM
ESTRUCTURA RAZÓN %
D 0.33 25%
E 1 75%
TOTAL 1.33 100%
ETA APA = BETA DESA PROMEDIO x ( 1 + ( 1 - TAXES ) x ( D / E ) )
BETA APA 1.32
COK 16.4%
WACC 14.1%
BETA 0.8
WACC ACTUAL 8.08%
RF 3%
PRIMA 7%
IMP RENTA 30%
WE 80%
DEUDA 20%
COK 8.6%
TEA 6.00%
DEUDA 60%
CAPITAL 40%
NUEVO WACC 7.04%
OJO: LA EMPRESA NO PAGA IMPUESTOS POR ESO CAMBIA LA FÓRMULA DEL WACC

Advancy Wacc Cok Betas

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Advancy Wacc Cok Betas

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TEMAS:

WACC 27.5% Despejando el COK, la fórmula sería:

D 0.5 33% SE ESCRIBE 0.3775

WACC 25.9% Despejando el COK, la fórmula sería:

D 1.2 55% SE ESCRIBE 0.4858

WACC 13.5% Despejando el COK, la fórmula sería:

D 1 50% SE ESCRIBE 0.2000

WACC 15% Despejando el COK, la fórmula sería:

WACC o CPPC = COK x % CAPITAL + TEA x % DEUDA

WACC 15% Despejando el COK, la fórmula sería:

WACC o CPPC = COK x % CAPITAL + TEA x % DEUDA

e acepta el proyecto cuando la TIR es mayor al WACC

COK = ( WACC - (TEA x %DEUDA x ( 1 - IMP.RENTA))) / % CAPITAL

WACC o CPPC = COK x % CAPITAL + TEA x % DEUDA x ( 1 - IMP.RENTA)

EUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 0.92 0.46

BETA PROMEDIO 0.69

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APA 0.98

COK = RF + BETA x ( RM - RF ) + RPAIS

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 0.92 0.46

BETA PROMEDIO 0.69

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APA 1.41

COK = RF + BETA x ( RM - RF ) + RPAIS

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 0.92 0.46

BETA PROMEDIO 0.69

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APA 1.41

COK = RF + BETA x ( RM - RF ) + RPAIS

WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 1.14 0.46

BETA PROMEDIO 0.80

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APA 1.13

COK = RF + BETA x ( RM - RF ) + RPAIS

WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA PROM 1.32

BETA APALANCADA = BETA PROMEDIO *(1+(1-TAXES)*(D/E))

BETA APA 2.71

COK = RF + BETA x ( RM - RF ) + RPAIS

WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA PROM 1.13

BETA APALANCADA = BETA PROMEDIO *(1+(1-TAXES)*(D/E))

BETA APA 2.32

COK = RF + BETA x ( RM - RF ) + RPAIS

WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA PROM 1.11

BETA APALANCADA = BETA PROMEDIO *(1+(1-TAXES)*(D/E))

BETA APA 2.27

COK = RF + BETA x ( RM - RF ) + RPAIS

WACC = %DEUDA * TEA * (1-IMP.RENTA) + %CAPITAL * COK

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 0.48

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APA 0.69

COK = RF + BETA x ( RM - RF ) + RPAIS

BETA DESAPALANCADA = BETA APALANCADA / (1 + (DEUDA/EQUITY)*(1- TAXES))

BETA DESA 0.38

BETA APALANCADA = BETA DESA *(1+(1-TAXES)*(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA DESA (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))

BETA APALANCADA = BETA PROMEDIO (1+(1-TAXES)(D/E))