Question: answer in EXCEL formulas with SPECIFIC cells please A B D E F G H 1 Dinklage Corp. has 8 million shares of common stock

answer in EXCEL formulas with SPECIFIC cells please
answer in EXCEL formulas with SPECIFIC cells please A B D E
F G H 1 Dinklage Corp. has 8 million shares of common
stock outstanding. The current share price is $73. The most recent dividend
was $3.90 and the dividend growth rate is 6 percent. The company

A B D E F G H 1 Dinklage Corp. has 8 million shares of common stock outstanding. The current share price is $73. The most recent dividend was $3.90 and the dividend growth rate is 6 percent. The company also has two bond issues outstanding. The first bond issue has a face value of $85 million, a 7 percent coupon, and sells for 97 percent of par. The second issue has a face value of $50 million, an 8 percent coupon, and sells for 108 percent of par. The first issue matures in 21 years, the second in 6 years. What are the company's capital structure weights on a market value basis? Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 21 percent. What is the company's WACC? 4 5 6 7 8 8,000,000 73 3.90 6% 9 10 11 Shares outstanding Market price per share Dividend Growth rate First bond issue: Book value Coupon rate Bond price (% of par) Redemption value (% of par) Settlement date Maturity date Sheet1 UT 12 13 85,000,000 7.00% 97 100 01/01/00 01/01/21 14 15 16 D31 X fx A B D E F G . 5 6 7 $ $ $ 8,000,000 73 3.90 6% 8 9 10 11 $ $ 12 13 14 85,000,000 7.00% 97 100 01701/00 01/01/21 2 15 Shares outstanding Market price per share Dividend Growth rate First bond issue: Book value Coupon rate Bond price % of par) Redemption value (% of par) Settlement date Maturity date Payments per year Second bond issue: Book value Coupon rate Bond price (% of par) Redemption value (% of par) Settlement date Maturity date Payments per year Tax rate 16 17 18 19 $ 20 21 22 50,000,000 8.00% 108 100 01/01/00 01701/06 2 21% 23 24 25 26 27 Sheet1 B C D E F G H 29 Complete the following analysis. Do not hard code values in your calculations. Leave the "Basis" input blank in the YIELD function. You must use the built-in Excel function to answer this question. 30 31 Market value of equity 32 33 Market value of first bond 34 35 Market value of second bond 36 37 Market value of debt & equity 38 39 Market value weight of equity 40 41 Market value weight of first bond 42 19 43 Market value weight of second bond 44 a 45 Cost of equity 46 47 Pretax cost of first bond 48 49 Aftertay cost of first bond Sheet1 A A B D E F C c 38 39 Market value weight of equity 40 41 Market value weight of first bond 42 43 Market value weight of second bond 44 45 Cost of equity 46 47 Pretax cost of first bond 48 49 Aftertax cost of first bond 50 51 Pretax cost of second bond 52 53 Aftertax cost of second bond 54 55 WACC 56 57 58 59

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