DEUDA DEL 0%

1. BETA APALANCADO

β= 1.05 × (1 + (0/100) × (1 – 0.30)

β= 1.05 × (1 + 0 × 0.7)

β= 1.05

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.05

Ke= 9.30

3. WACC

WACC= (6% × (0/100) × (1 – 0.30) + (9.79 × (100/100)

WACC= 9.30%

DEUDA DEL 10%

1. BETA APALANCADO

β= 1.05 × (1 + (10/90) × (1 – 0.30)

β= 1.05 × (1 + 0.111111111 × 0.7)

β= 1.131666667

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.13

Ke= 9.79

3. WACC

WACC= (6.10% × (10/100) × (1 – 0.30) + (9.79 × (90/100))

WACC= 9.24%
DEUDA DEL 20%

1. BETA APALANCADO

β= 1.05 × (1 + (20/80) × (1 – 0.30)

β= 1.05 × (1 + 0.25 × 0.7)

β= 1.23375

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.23375

Ke= 10.41

3. WACC

WACC= (6.20% × (20/100) × (1 – 0.30) + (10.41 × (80/100)

WACC= 9.19%

DEUDA DEL 30%

1. BETA APALANCADO

β= 1.05 × (1 + (30/70) × (1 – 0.30)

β= 1.05 × (1 + 0.428571428 × 0.7)

β= 1.37

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.37

Ke= 11.19

3. WACC

WACC= (6,30% × (30/100) × (1 – 0.30) + (11.19× (70/100)

WACC= 9.16%
DEUDA DEL 40%

1. BETA APALANCADO

β= 1.05 × (1 + (40/60) × (1 – 0.30)

β= 1.05 × (1 + 0.666666666 × 0.7)

β= 1.54

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.54

Ke= 12.25

3. WACC

WACC= (6.50% × (40/100) × (1 – 0.30) + (12.25 × (60/100)

WACC= 9.17%

DEUDA DEL 50%

1. BETA APALANCADO

β= 1.05 × (1 + (50/50) × (1 – 0.30)

β= 1.05 × (1 + 1 × 0.7)

β= 1.79

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 1.79

Ke= 13.72

3. WACC

WACC= (7% × (50/100) × (1 – 0.30) + (13.72 × (50/100)

WACC= 9.31%
DEUDA DEL 60%

1. BETA APALANCADO

β= 1.05 × (1 + (60/40) × (1 – 0.30)

β= 1.05 × (1 + 1.5 × 0.7)

β= 2.1525

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 2.1525

Ke= 15.92

3. WACC

WACC= (8% × (60/100) × (1 – 0.30) + (15.92 × (40/100)

WACC= 9.73%

DEUDA DEL 70%

1. BETA APALANCADO

β= 1.05 × (1 + (70/30) × (1 – 0.30)

β= 1.05 × (1 + 2.333333333 × 0.7)

β= 2.77

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 2.77

Ke= 19.60

3. WACC

WACC= (9.50% × (70/100) × (1 – 0.30) + (19.60× (30/100)

WACC= 10.53%
DEUDA DEL 80%

1. BETA APALANCADO

β= 1.05 × (1 + (80/20) × (1 – 0.30)

β= 1.05 × (1 + 4 × 0.7)

β= 3.99

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 3.99

Ke= 26.95

3. WACC

WACC= (10.00% × (80/100) × (1 – 0.30) + (26.95 × (20/100)

WACC= 10.99%

DEUDA DEL 90%

1. BETA APALANCADO

β= 1.05 × (1 + (90/10) × (1 – 0.30)

β= 1.05 × (1 + 9 × 0.7)

β= 7.67

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 7.67

Ke= 49.02

3. WACC

WACC= (10.50% × (90/100) × (1 – 0.30) + (49.02 × (10/100)

WACC= 11.52%
DEUDA DEL 99%

1. BETA APALANCADO

β= 1.05 × (1 + 99/1) × (1 – 0.30)

β= 1.05 × (1 + 99 × 0.7)

β= 73.86

2. COSTO DEL INVERSIONISTA

Ke= 3% + 6% * 73.86

Ke= 446.16

3. WACC

WACC= (11% × (99/100) × (1 – 0.30) + (446.16 × (1/100)

WACC= 12.08%