A not-for-profit organization, such as a ballet company or a museum, usually carries no debt. Also, since

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A not-for-profit organization, such as a ballet company or a museum, usually carries no debt. Also, since there are no shareholders, there is no equity outstanding. How would you go about determining the appropriate weighted average cost of capital for not-for-profit organizations given that they have no debt or equity? Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...
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Financial Theory and Corporate Policy

ISBN: 978-0321127211

4th edition

Authors: Thomas E. Copeland, J. Fred Weston, Kuldeep Shastri

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