Professional Documents
Culture Documents
Capital Structure
Debt at end of year $123.40 $134.08 $145.66 $158.21 $171.80 $186.51
$169.10
$13.06
$156.05
$62.42
$93.63
$50.73
$9.33 ! This is the new debt issued each year
$52.22
12.00%
7.00%
4.20%
10.44% ! Computed using a 70% Equity; 30% Debt
ratio.