Financial Management: Principles and Applications, 13/e

W

• Wall Street (movie), 25

• Wasting assets, 653

• Weak-form efficient markets, 211, 217

• Wealth, maximization of shareholder, 9–10 , 536–541 , 537t

• Weighted average cost of capital (WACC), 446–470

  • calculating, 449f, 451–452

  • corporate taxation and, 490–491 , 493–494 , 494f

  • defined, 446, 472

  • determining weights for, 449–450

  • divisional, 466–468 , 466–469 , 474

  • equation, 447

  • flotation costs and, 469

  • opportunity costs, 453–454

  • overview, 446–447

  • project cost of capital and, 463–464 , 464f

  • in project evaluation, 468f

  • quick reference guide, 448, 468f

  • steps for calculating, 448–462

  • with tax deductible interest expense, 494f

  • template for calculating, 449f

• Weighted average flotation cost, 469

• Working capital

  • calculating requirements for, 381

  • net, 52, ...