El cálculo del costo de capital para Dell

We found that the Cost of Equity for Dell is 8.82%. However, we would also like to calculate the industry average to see if Dell is significantly different from the other competitors. We do this by determining the average Beta of Dell’s main competitors. The information below regarding computer industry leaders was obtained from reuters.com:

After finding the average Beta of the industry, we then calculated the industry’s cost of equity. We determined that Dell was not significantly different from the industry average and is an acceptable representative corporation.

|Industry Beta |1.0678 |

|T-bills 3-Month Yield |0.00 |

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|CAPM Equation |Cost of Equity - Industry |

|Er = Rf+β(Er-Rf) |7.47% |

Another aspect that we need to calculate is GCI’s cost of debt. Since we determined that Dell was an appropriate representation for GCI, we turned to Dell’s balance sheet for an accurate estimation of debt. One way to measure debt is by looking at the company’s corporate bond structure. Using this information, we determined the percentage of debt for each bond and multiplied it by its yield to maturity. We then summed these values to get the weighted average cost of debt. We did this on both the market and book value of the

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