Assume a project investment program worth $ 30 billion, for which the following financing program has been identified:
A four year, $ 15 billion bank loan with an interest rate of 26% nominal annual, payable quarterly advance.
Shares that will generate net proceeds of $ 8,000 million. The current price of the stock is $ 10,000 per share, while the dividend to be distributed in the next year, which will be paid at the end of the same, is $ 1,500 per share. The expenses are equivalent to 3% of the current price. Assume inflation for the next years of 15%.
Retained earnings of $ 7 billion.
What would be the cost of debt, share and retained earnings in percentage for this package?
Answer:
Cd: 20,05%
Cs: 31,61%
Cr: 31,15%